Coin-Operated Laundries and Drycleaners: SBA acquisition lenders
128 SBA 7(a) loans financed acquisitions classified as Coin-Operated Laundries and Drycleaners nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 128
- Total approved
- $118.8M
- Median loan
- $621K
- Middle half of loans
- $327K to $1.1M
- Median starting rate
- 9.00%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Metro City Bank | 9 | 7% | $2.0M | $19.7M |
| 2 | Hanmi Bank | 9 | 7% | $825K | $11.9M |
| 3 | The Huntington National Bank | 7 | 5% | $423K | $2.6M |
| 4 | Open Bank | 5 | 4% | $2.8M | $10.3M |
| 5 | VelocitySBA, LLC | 4 | 3% | $1.1M | $4.0M |
| 6 | New Millennium Bank | 3 | 2% | $1.1M | $4.7M |
| 7 | Byline Bank | 3 | 2% | $1.2M | $2.9M |
| 8 | PCB Bank | 3 | 2% | $597K | $2.4M |
| 9 | East West Bank | 3 | 2% | $620K | $2.2M |
| 10 | Maine Community Bank | 3 | 2% | $538K | $1.4M |
| 11 | Arcadian Bank | 3 | 2% | $213K | $585K |
| 12 | Mission Valley Bank | 2 | 2% | $1.0M | $2.1M |
| 13 | Hinsdale Bank & Trust Company, National Association | 2 | 2% | $790K | $1.6M |
| 14 | Bank of Hope | 2 | 2% | $790K | $1.6M |
| 15 | First Bank & Trust | 2 | 2% | $705K | $1.4M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| California | 20 | $1.1M | $32.1M |
| Texas | 18 | $787K | $15.4M |
| Illinois | 12 | $462K | $7.6M |
| New York | 8 | $814K | $9.1M |
| Pennsylvania | 6 | $599K | $4.2M |
| Georgia | 5 | $750K | $4.4M |
| New Jersey | 5 | $620K | $3.9M |
| Florida | 5 | $388K | $3.0M |
| Massachusetts | 5 | $380K | $2.3M |
| Minnesota | 5 | $260K | $2.1M |
| Maryland | 4 | $1.2M | $7.6M |
| Virginia | 4 | $824K | $5.3M |
| Indiana | 3 | $1.2M | $3.9M |
| Missouri | 3 | $828K | $2.7M |
| Arizona | 3 | $378K | $1.8M |
| Maine | 3 | $538K | $1.4M |
| Colorado | 2 | $626K | $1.3M |
| Louisiana | 2 | $398K | $795K |
| Tennessee | 1 | $2.4M | $2.4M |
| South Dakota | 1 | $1.1M | $1.1M |
| North Carolina | 1 | $810K | $810K |
| Ohio | 1 | $774K | $774K |
| Nevada | 1 | $707K | $707K |
| Michigan | 1 | $622K | $622K |
| South Carolina | 1 | $619K | $619K |
| Oregon | 1 | $580K | $580K |
| Washington | 1 | $563K | $563K |
| Wisconsin | 1 | $445K | $445K |
| Nebraska | 1 | $282K | $282K |
| Oklahoma | 1 | $270K | $270K |
| Arkansas | 1 | $225K | $225K |
| New Hampshire | 1 | $168K | $168K |
| Mississippi | 1 | $72K | $72K |