Franchise brands › Tommy's Express Car Wash
Franchise brand58 approvals since FY2018
SBA loans to Tommy's Express Car Wash franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Since FY2018, 58 SBA loan approvals worth $156M carry the Tommy's Express Car Wash franchise code, 34 of them in FY2021 to FY2025.
In FY2025 there were 7, down 30% on FY2024. The average approval in the five-year window was $2.4M, and 23 of the approvals were 504 loans.
21 lenders made the FY2021 to FY2025 loans across 15 states; the most active were Capital Certified Development Corporation (3), Florida First Capital Finance Corporation, Inc. (3) and Celtic Bank Corporation (2).
These are loans to independent franchise owners, not to the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 0 | — | — | 0 | 0 |
| FY2025 | 7 | $17.2M | $2.5M | 5 | 70 |
| FY2024 | 10 | $21.4M | $2.1M | 7 | 200 |
| FY2023 | 2 | — | — | 1 | 33 |
| FY2022 | 9 | $21.6M | $2.4M | 8 | 119 |
| FY2021 | 6 | $17.5M | $2.9M | 2 | 61 |
| FY2020 | 5 | $17.2M | $3.4M | 2 | 78 |
| FY2019 | 11 | $29.4M | $2.7M | 5 | 99 |
| FY2018 | 8 | $28.7M | $3.6M | 2 | 88 |
| FY2017 | 0 | — | — | 0 | 0 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "Tommy's Express Car Wash". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Tommy's Express Car Wash | All SBA loans |
|---|---|---|
| Approvals in these years | 30 | 725,496 |
| Cancelled or never disbursed | 3 | 91,827 |
| Disbursed loans | 27 | 633,669 |
| Paid in full | 17 | 471,304 |
| Charged off | 0 | 37,796 |
| Still outstanding (status exempt from disclosure) | 10 | 124,569 |
| Charged off, share of disbursed loans | too few loans | 6.0% |
| Dollars charged off, share of disbursed dollars | too few loans | 2.2% |
| Dollars charged off | — | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Capital Certified Development CorporationAustin, TX · CDC | 3 | $7.2M | 8.8% | |
| 2 | Florida First Capital Finance Corporation, Inc.Tallahassee, FL · CDC | 3 | $5.9M | 8.8% | |
| 3 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 5.9% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 2 | — | 5.9% | |
| 5 | SomerCor 504, Inc.Chicago, IL · CDC | 2 | — | 5.9% | |
| 6 | Great Lakes Commercial FinanceGrandville, MI · CDC | 2 | — | 5.9% | |
| 7 | WBD, Inc.Madison, WI · CDC | 2 | — | 5.9% | |
| 8 | Mortgage Capital Development CorporationOakland, CA · CDC | 2 | — | 5.9% | |
| 9 | Nebraska Economic Development CorporationLincoln, NE · CDC | 2 | — | 5.9% | |
| 10 | North Texas Certified Development CorporationPlano, TX · CDC | 2 | — | 5.9% | |
| 11 | The Bank of Elk RiverElk River, MN | 2 | — | 5.9% | |
| 12 | United Business BankWalnut Creek, CA | 1 | — | 2.9% | |
| 13 | First Bank of the LakeOsage Beach, MO | 1 | — | 2.9% | |
| 14 | Old National BankEvansville, IN | 1 | — | 2.9% | |
| 15 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 1 | — | 2.9% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 6 | 17.6% | |
| 2 | Michigan | 4 | 11.8% | |
| 3 | Florida | 3 | 8.8% | |
| 4 | Wisconsin | 3 | 8.8% | |
| 5 | Minnesota | 3 | 8.8% | |
| 6 | California | 2 | 5.9% | |
| 7 | Illinois | 2 | 5.9% | |
| 8 | Ohio | 2 | 5.9% | |
| 9 | Arizona | 2 | 5.9% | |
| 10 | Nebraska | 2 | 5.9% | |
| 11 | Alabama | 1 | 2.9% | |
| 12 | Colorado | 1 | 2.9% | |
| 13 | Nevada | 1 | 2.9% | |
| 14 | Georgia | 1 | 2.9% | |
| 15 | Oregon | 1 | 2.9% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 34 | 100.0% |
Approval sizes
- $50,001 to $150,0002.9%1
- $150,001 to $350,0005.9%2
- $350,001 to $1 million5.9%2
- $1 million to $2 million29.4%10
- Over $2 million55.9%19
Age of the businesses
- Existing, more than 2 years old14.7%5
- New business, 2 years or less17.6%6
- Startup, loan funds will open the business67.6%23
Questions and answers
How many SBA loans go to Tommy's Express Car Wash franchises?
58 approvals since FY2018, worth $156M; 34 in FY2021 to FY2025.
Which lenders make SBA loans for Tommy's Express Car Wash franchises?
By approvals in FY2021 to FY2025: Capital Certified Development Corporation (3), Florida First Capital Finance Corporation, Inc. (3), Celtic Bank Corporation (2), Live Oak Banking Company (2), SomerCor 504, Inc. (2).
How large is a typical SBA loan for a Tommy's Express Car Wash franchise?
The average approval in FY2021 to FY2025 was $2.4M.
What share of Tommy's Express Car Wash SBA loans are charged off?
There are fewer than 30 disbursed loans from the matured approval years, too few for a rate.
Are SBA loans to Tommy's Express Car Wash franchises rising?
Approvals in the three latest complete fiscal years total 19, against 20 in the three before: broadly level (-5%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error