Drycleaning and Laundry Services (except Coin-Operated): SBA acquisition lenders
173 SBA 7(a) loans financed acquisitions classified as Drycleaning and Laundry Services (except Coin-Operated) nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 173
- Total approved
- $115.9M
- Median loan
- $407K
- Middle half of loans
- $266K to $664K
- Median starting rate
- 9.75%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Hanmi Bank | 15 | 9% | $380K | $11.4M |
| 2 | The Huntington National Bank | 11 | 6% | $236K | $2.1M |
| 3 | The Bancorp Bank National Association | 10 | 6% | $464K | $6.3M |
| 4 | Live Oak Banking Company | 7 | 4% | $350K | $5.2M |
| 5 | Merchants Bank of Indiana | 6 | 3% | $376K | $2.4M |
| 6 | Lendistry SBLC, LLC | 5 | 3% | $1.1M | $6.9M |
| 7 | VelocitySBA, LLC | 5 | 3% | $468K | $4.4M |
| 8 | Newtek Bank, National Association | 5 | 3% | $375K | $1.9M |
| 9 | Woori America Bank | 5 | 3% | $350K | $1.9M |
| 10 | East West Bank | 5 | 3% | $320K | $1.6M |
| 11 | Bank of Hope | 5 | 3% | $150K | $1.2M |
| 12 | New Millennium Bank | 4 | 2% | $310K | $1.1M |
| 13 | Readycap Lending, LLC | 3 | 2% | $474K | $2.7M |
| 14 | Celtic Bank Corporation | 3 | 2% | $412K | $1.4M |
| 15 | Loyal Trust Bank | 3 | 2% | $264K | $1.2M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Texas | 25 | $506K | $25.6M |
| California | 18 | $428K | $7.4M |
| Florida | 15 | $835K | $21.0M |
| Georgia | 15 | $368K | $7.3M |
| Illinois | 13 | $312K | $4.2M |
| Pennsylvania | 11 | $450K | $7.4M |
| New York | 10 | $350K | $4.8M |
| Maryland | 7 | $543K | $6.3M |
| Arizona | 7 | $405K | $2.9M |
| New Jersey | 7 | $180K | $2.0M |
| District of Columbia | 6 | $575K | $2.8M |
| Colorado | 6 | $368K | $2.3M |
| Nevada | 4 | $339K | $1.2M |
| Wisconsin | 4 | $243K | $1.0M |
| North Carolina | 3 | $883K | $4.0M |
| Washington | 3 | $276K | $823K |
| Massachusetts | 2 | $1.0M | $2.0M |
| Michigan | 2 | $931K | $1.9M |
| New Mexico | 2 | $862K | $1.7M |
| Virginia | 2 | $845K | $1.7M |
| Delaware | 2 | $644K | $1.3M |
| Idaho | 2 | $460K | $919K |
| South Carolina | 1 | $1.9M | $1.9M |
| Connecticut | 1 | $1.0M | $1.0M |
| Ohio | 1 | $990K | $990K |
| Indiana | 1 | $485K | $485K |
| Tennessee | 1 | $450K | $450K |
| Louisiana | 1 | $306K | $306K |
| Missouri | 1 | $187K | $187K |