Best Laundromats SBA Lenders of 2026

Compare the top 105 SBA lenders for Laundromats businesses. $148.3M funded in 2025. Average rate 9.33%. Get matched free.

Table of Contents

Best Laundromats SBA Lenders of 2026

$148.3M
Total Funded

183
Loans Approved

$811K
Avg Loan Size

9.33%
Avg Interest Rate

105
Active Lenders

SBA Loans for Laundromats Businesses

The Laundromats industry received $148.3M in SBA 7(a) loans across 183 businesses in 2025. With 105 lenders actively funding this industry, finding the right bank can make a significant difference in your rates and approval odds.

Working with an experienced SBA loan broker who understands the Laundromats industry can help you access lenders that specialize in your business type.

💡 Key Insight: The average SBA loan for Laundromats businesses is $811K with an average rate of 9.33%. Lenders who specialize in this industry often offer better terms and faster approvals.

SBA Loans by Business Type

Here’s how SBA 7(a) loans break down for Laundromats businesses by business stage:

🚀 Startups
50%
$69.0M • 92 loans

🏢 Existing Businesses
30%
$45.3M • 54 loans

🔄 Business Acquisitions
20%
$34.0M • 37 loans

Top 50 SBA Lenders for Laundromats (2025)

These are the banks that funded the most SBA 7(a) loan volume to Laundromats businesses, ranked by total volume:

RankLenderVolumeLoansAvg Rate
1 Hanmi Bank$10.1M89.00%
2 Bank of Hope$9.0M78.64%
3 Port 51 Lending LLC$7.7M38.50%
4 US Metro Bank$6.8M28.75%
5 Readycap Lending, LLC$6.5M710.57%
6 New Millennium Bank$6.5M28.25%
7 Global One Bank$4.8M28.63%
8 Milestone Bank$4.2M110.25%
9 U.S. Bank, National Association$4.0M69.49%
10 Centerstone SBA Lending, Inc.$4.0M29.13%
11 Newtek Bank, National Association$3.8M610.50%
12 NewBank$3.5M39.25%
13 Merchants Bank of Indiana$3.3M29.25%
14 Citizens Bank$3.2M210.25%
15 First Bank of the Lake$3.1M19.75%
16 Wilmington Savings Fund Society FSB$3.1M49.81%
17 Byline Bank$2.7M39.92%
18 CenTrust Bank, A Division of SmartBiz Bank National Associat$2.6M110.50%
19 One World Bank$2.4M18.50%
20 Frandsen Bank and Trust$2.4M29.75%
21 The Huntington National Bank$2.3M79.67%
22 Woori America Bank$2.2M29.00%
23 Metro City Bank$2.0M18.50%
24 First Bank & Trust$1.6M28.95%
25 PCB Bank$1.5M39.08%
26 Hancock Whitney Bank$1.4M29.88%
27 Truist Bank$1.4M18.00%
28 All Capital Bank$1.4M19.50%
29 Manufacturers and Traders Trust Company$1.4M710.64%
30 Columbia Bank$1.3M28.25%
31 North State Bank$1.3M19.75%
32 Gesa CU$1.1M29.00%
33 KeyBank National Association$1.1M29.75%
34 Western Alliance Bank$1.1M18.50%
35 City Bank$1.1M18.50%
36 Cathay Bank$1.1M18.25%
37 Commonwealth Business Bank$1.1M19.00%
38 First National Bank of Pennsylvania$992K29.13%
39 Citizens Community Federal National Association$948K110.00%
40 Zions Bank, A Division of$920K38.83%
41 Paragon Bank$909K19.50%
42 Salem Five Cents Savings Bank$900K17.50%
43 First Commonwealth Bank$886K19.00%
44 Bank First, N.A.$880K17.75%
45 First Community Bank$874K17.00%
46 United Community Bank$850K19.50%
47 United FCU$774K19.25%
48 National Exchange Bank and Trust$765K17.50%
49 Union Bank and Trust Company$760K18.50%
50 Midwest Regional Bank$706K210.25%

🚀 Best Lenders for Laundromats Startups

Starting a new coin-operated laundries and drycleaners business? These lenders funded the most startup loans in this industry:

RankLenderStartup VolumeLoansAvg Rate
1 Bank of Hope$9.0M78.64%
2 Centerstone SBA Lending, Inc.$4.0M29.13%
3 Merchants Bank of Indiana$3.3M29.25%
4 Citizens Bank$3.2M210.25%
5 Wilmington Savings Fund Society FSB$3.1M49.81%
6 NewBank$3.0M29.50%
7 CenTrust Bank, A Division of SmartBiz Bank National Associat$2.6M110.50%
8 One World Bank$2.4M18.50%
9 Frandsen Bank and Trust$2.4M29.75%
10 The Huntington National Bank$2.2M510.05%

🔄 Best Lenders for Laundromats Acquisitions

Looking to buy an existing coin-operated laundries and drycleaners business? These lenders specialize in acquisition financing:

RankLenderAcquisition VolumeLoansAvg Rate
1 Hanmi Bank$8.8M59.10%
2 First Bank of the Lake$3.1M19.75%
3 New Millennium Bank$3.0M18.50%
4 Metro City Bank$2.0M18.50%
5 Byline Bank$1.8M210.00%
6 Gesa CU$1.1M29.00%
7 First Bank & Trust$1.1M18.95%
8 Western Alliance Bank$1.1M18.50%
9 Cathay Bank$1.1M18.25%
10 PCB Bank$915K29.38%

🏢 Best Lenders for Existing Laundromats Businesses

Already running an established coin-operated laundries and drycleaners business? These lenders have funded the most loans to existing businesses in your industry:

RankLenderVolumeLoansAvg Rate
1 Port 51 Lending LLC$6.2M28.63%
2 US Metro Bank$4.9M18.75%
3 Milestone Bank$4.2M110.25%
4 Readycap Lending, LLC$4.0M510.75%
5 Global One Bank$4.0M18.50%
6 U.S. Bank, National Association$4.0M48.11%
7 New Millennium Bank$3.5M18.00%
8 Newtek Bank, National Association$1.9M310.50%
9 Truist Bank$1.4M18.00%
10 City Bank$1.1M18.50%

Top States for Laundromats SBA Loans

Here are the states with the highest SBA lending volume for Laundromats businesses:

RankStateVolumeLoans
1 California$34.3M24
2 New York$15.4M18
3 Texas$15.4M17
4 Maryland$10.7M6
5 Washington$7.9M5
6 Georgia$5.9M9
7 Virginia$5.5M5
8 Illinois$4.6M7
9 New Jersey$4.6M8
10 Florida$4.4M9
11 Ohio$4.4M8
12 Colorado$4.3M5
13 Pennsylvania$3.9M9
14 Wisconsin$2.6M3
15 North Carolina$2.5M2
16 Minnesota$2.4M3
17 Oregon$2.3M4
18 Massachusetts$1.9M6
19 Alabama$1.5M2
20 Oklahoma$1.4M1
21 Nebraska$1.2M2
22 Michigan$1.2M5
23 South Dakota$1.1M1
24 Indiana$1.1M3
25 Arizona$1.1M1
26 Louisiana$795K2
27 Rhode Island$737K3
28 Iowa$674K1
29 New Mexico$670K1
30 Delaware$649K1
31 North Dakota$636K1
32 Connecticut$500K2
33 Missouri$467K2
34 Utah$450K1
35 Mississippi$384K2
36 New Hampshire$350K1
37 Maine$230K1
38 Hawaii$50K1
39 Kentucky$25K1

Top Cities for Laundromats SBA Loans

Los Angeles, Ca

$10.7M
Volume

6
Loans

Houston, Tx

$7.7M
Volume

5
Loans

Silver Spring, Md

$5.0M
Volume

1
Loans

Des Moines, Wa

$4.2M
Volume

1
Loans

Santa Maria, Ca

$4.2M
Volume

2
Loans

Hermosa Beach, Ca

$4.0M
Volume

2
Loans

Compton, Ca

$3.8M
Volume

2
Loans

Chicago, Il

$3.6M
Volume

3
Loans

Monticello, Ny

$3.5M
Volume

1
Loans

Harrisonburg, Va

$3.1M
Volume

1
Loans

Flushing, Ny

$3.0M
Volume

2
Loans

Hyattsville, Md

$3.0M
Volume

2
Loans

South Gate, Ca

$3.0M
Volume

1
Loans

Bay Shore, Ny

$3.0M
Volume

1
Loans

San Fernando, Ca

$2.8M
Volume

1
Loans

Colton, Ca

$2.6M
Volume

1
Loans

🤝 Why Use an SBA Broker for Laundromats Loans?

GoSBA Loans has extensive experience financing Laundromats businesses:

  • Industry expertise — we know which lenders specialize in Laundromats
  • Access to 105+ lenders — including banks that don’t accept direct applications
  • Better rates — our relationships help secure competitive terms
  • Faster approvals — proper preparation leads to quicker decisions
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Laundromats SBA Loan

Our team specializes in SBA financing for Laundromats businesses. Let us match you with the right lender for your specific needs.

Need SBA financing for your Laundromats business? GoSBA Loans specializes in SBA loans for Laundromats businesses. Contact our industry specialists today for a free consultation.

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Ishan Jetley

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.
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