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Coin-Operated Laundries and Drycleaners: SBA acquisition loans in California
20 SBA-financed business acquisitions in California classified as Coin-Operated Laundries and Drycleaners, FY2024–FY2026. Median loan $1.1M. See which lenders did them.
- Acquisitions financed
- 20
- Total approved
- $32.1M
- Median loan
- $1.1M
- Middle half of loans
- $430K to $2.8M
- Median starting rate
- 9.25%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Open Bank | 4 | 20% | $2.9M | $9.5M |
| 2 | Metro City Bank | 2 | 10% | $4.2M | $8.4M |
| 3 | American Continental Bank | 2 | 10% | $372K | $745K |
| 4 | The Huntington National Bank | 2 | 10% | $285K | $570K |
| 5 | Hana Bank USA National Association | 1 | 5% | $3.7M | $3.7M |
| 6 | Hanmi Bank | 1 | 5% | $1.8M | $1.8M |
| 7 | US Metro Bank | 1 | 5% | $1.6M | $1.6M |
| 8 | East West Bank | 1 | 5% | $1.3M | $1.3M |
| 9 | Zions Bancorporation, National Association | 1 | 5% | $1.3M | $1.3M |
| 10 | Mission Valley Bank | 1 | 5% | $1.0M | $1.0M |
| 11 | Celtic Bank Corporation | 1 | 5% | $945K | $945K |
| 12 | TowneBank | 1 | 5% | $655K | $655K |
| 13 | Cathay Bank | 1 | 5% | $315K | $315K |
| 14 | VelocitySBA, LLC | 1 | 5% | $285K | $285K |
For comparison, the same industry nationwide: 128 loans, median $621K, median starting rate 9.00%. See Coin-Operated Laundries and Drycleaners in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.