SBA 7(a) Car Wash Feasibility Study in Oklahoma

Oklahoma car wash lending: dollars and loan size

Oklahoma car washes drew 29 SBA 7(a) approvals in Oklahoma's FY2017 to FY2026 window, a combined $23.9 million of gross dollars. Loan size in Oklahoma centers on $571,000, with the middle half of the car washes book between $150,000 and $1.1 million. Next to car washes nationally under SBA 7(a), Oklahoma shows a median ratio of 0.72x, a downward tilt for car washes in Oklahoma. No Oklahoma car washes loan is flagged as a franchise, so Oklahoma's share reads 0.00%.

Nationally the state holds rank 24 for SBA 7(a) loans to car washes by count; inside Oklahoma, the class ranks 16 of 39 among classes. FY2021 was the Oklahoma high point, 6 loans and $8.2 million together, and no loans appear for FY2026 in Oklahoma. Oklahoma car wash borrowers using 7(a) can fund land, building and equipment with one loan, and the trend table lists no approvals once FY2024 closes.

Most Oklahoma loans sit with BancFirst, which holds 7 worth $2.9 million. Oklahoma holders appear as SBA reports them, BancFirst first; each holds or held car washes loans here. Geographically, Oklahoma stands first with 5, Cleveland second with 3, and Canadian third with 2. The tail of the Oklahoma top ten includes Custer 2, Okmulgee 2 and Pawnee 2.

Outcomes and data limits for Oklahoma

From 29 Oklahoma loans, Oklahoma cancellation counts through FY2024 stay sparse, so Oklahoma loss rates lack a funded cohort. Neither blank is a zero. Oklahoma's car, truck and mobile washes are one code, mixing formats that earn quite differently. Conventional loans in Oklahoma stay outside this file.

What an Oklahoma wash study must show

Start with throughput. How many cars an hour can the chosen layout clear, and how many will the road near Oklahoma actually deliver? Washes earn on repetition, so the plan should say how members are recruited and kept, and how the weather in a given season cuts counts. Because 7(a) can pay for land, building and equipment together, split the request into those pieces and price each one. Water, power and chemicals deserve line items. A loan near $571,000 should be tested against a rainy quarter, a competitor opening nearby and a wage increase for attendants.