SBA loans for laundromat businesses
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
Coin-Operated Laundries and Drycleaners (NAICS 812310)
484loans approved
$490,000median loan
$151K–$1.0Mmiddle half of loans
$367.6Mtotal approved
9%median initial rate
10 yrsmedian term
Borrowers reported 2,373 jobs created or retained.
4.1% of these loans went to franchise locations.
Loan sizes
States with the most loans
| State | Loans | Median |
|---|---|---|
| California | 78 | $557,500 |
| Texas | 56 | $818,150 |
| New York | 46 | $239,000 |
| Illinois | 24 | $417,500 |
| Pennsylvania | 23 | $431,000 |
| New Jersey | 22 | $370,000 |
| Georgia | 21 | $490,000 |
| Massachusetts | 16 | $271,750 |
| Florida | 16 | $349,000 |
| Ohio | 13 | $543,300 |
Most active lenders
| Lender | Loans | Median | Total |
|---|---|---|---|
| The Huntington National Bank | 25 | $156,400 | $9.6M |
| Manufacturers and Traders Trust Company | 21 | $50,000 | $3.1M |
| Readycap Lending, LLC | 15 | $493,500 | $15.1M |
| U.S. Bank, National Association | 14 | $175,000 | $6.9M |
| Bank of Hope | 14 | $786,000 | $16.7M |
| Hanmi Bank | 14 | $617,500 | $13.9M |
| Metro City Bank | 10 | $1,762,500 | $19.9M |
Planning one? Read how to start a laundromat business and model payments with the loan calculator.
What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.