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Pomona Car Wash
Pomona, CA

Problem

In June 2008, our borrower purchased Pomona Car Wash in Pomona, CA, a tunnel car wash site with very old car wash equipment that needed to be replaced. His bank loaned him the money to purchase the business, real estate and building but not to replace the equipment.

After consulting with several car wash equipment distributors, our borrower decided he would upgrade the equipment, reconfigure the site and add more vacuums. But he would need additional financing to accomplish this. The bank had enough exposure with the borrower and was not interested in financing the new equipment.

Solution

A car wash equipment distributor suggested that the new owner contact Butler Capital to finance the equipment package. Butler Capital is well-known in the car wash equipment industry as a lender offering fast, affordable financing for up to 100% of car wash equipment costs, including installation and freight, even plumbing and electric.

The owner was able to finance the new equipment successfully with Butler Capital and his car wash will soon re-open for business.

"Butler Capital made the loan process experience relatively low stress and smooth," said the borrower. "The Butler director of the Car Wash Division, Anita Baron's calm and thorough nature made all of the difference in the world, especially since the current state of the loan environment made it stressful to try to obtain financing. Plus, Butler has a great reputation in the industry, everyone seemed to know this."