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Coin-Operated Laundries and Drycleaners: SBA acquisition loans in Minnesota
5 SBA-financed business acquisitions in Minnesota classified as Coin-Operated Laundries and Drycleaners, FY2024–FY2026. Median loan $260K. See which lenders did them.
- Acquisitions financed
- 5
- Total approved
- $2.1M
- Median loan
- $260K
- Middle half of loans
- $213K to $310K
- Median starting rate
- 7.38%
- Median term
- 10 yrs
How to interpret this profile and build a shortlist →
Small sample. This local profile has 5 recorded approvals in FY2024–FY2026. For a broader comparison, open the Minnesota state profile or the national industry profile.
Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Arcadian Bank | 3 | 60% | $213K | $585K |
| 2 | BANKWEST | 1 | 20% | $1.2M | $1.2M |
| 3 | Frandsen Bank and Trust | 1 | 20% | $310K | $310K |
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.