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Drycleaning and Laundry Services (except Coin-Operated): SBA acquisition loans in California
18 SBA-financed business acquisitions in California classified as Drycleaning and Laundry Services (except Coin-Operated), FY2024–FY2026. Median loan $428K. See which lenders did them.
- Acquisitions financed
- 18
- Total approved
- $7.4M
- Median loan
- $428K
- Middle half of loans
- $240K to $500K
- Median starting rate
- 9.75%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | East West Bank | 4 | 22% | $324K | $1.3M |
| 2 | Woori America Bank | 2 | 11% | $500K | $1.0M |
| 3 | VelocitySBA, LLC | 2 | 11% | $341K | $682K |
| 4 | Open Bank | 2 | 11% | $275K | $550K |
| 5 | Commonwealth Business Bank | 2 | 11% | $222K | $444K |
| 6 | Exchange Bank | 1 | 6% | $1.1M | $1.1M |
| 7 | Preferred Bank | 1 | 6% | $676K | $676K |
| 8 | Merchants Bank of Indiana | 1 | 6% | $550K | $550K |
| 9 | Hanmi Bank | 1 | 6% | $500K | $500K |
| 10 | American Continental Bank | 1 | 6% | $455K | $455K |
| 11 | Bank of Hope | 1 | 6% | $150K | $150K |
For comparison, the same industry nationwide: 173 loans, median $407K, median starting rate 9.75%. See Drycleaning and Laundry Services (except Coin-Operated) 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.