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Drycleaning and Laundry Services (except Coin-Operated): SBA acquisition loans in Illinois
13 SBA-financed business acquisitions in Illinois classified as Drycleaning and Laundry Services (except Coin-Operated), FY2024–FY2026. Median loan $312K. See which lenders did them.
- Acquisitions financed
- 13
- Total approved
- $4.2M
- Median loan
- $312K
- Middle half of loans
- $206K to $390K
- Median starting rate
- 10.25%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 6 | 46% | $160K | $1.1M |
| 2 | Merchants Bank of Indiana | 4 | 31% | $376K | $1.5M |
| 3 | Beacon Bank and Trust | 1 | 8% | $1.1M | $1.1M |
| 4 | Byline Bank | 1 | 8% | $298K | $298K |
| 5 | U.S. Bank, National Association | 1 | 8% | $206K | $206K |
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.