BlogRankingIndustryBest Laundromats SBA Lenders of 2026

Best Laundromats SBA Lenders of 2026

February 2, 2026
Industry, Ranking
4 min read

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:

Rank Lender Volume Loans Avg Rate
1 Hanmi Bank $10.1M 8 9.00%
2 Bank of Hope $9.0M 7 8.64%
3 Port 51 Lending LLC $7.7M 3 8.50%
4 US Metro Bank $6.8M 2 8.75%
5 Readycap Lending, LLC $6.5M 7 10.57%
6 New Millennium Bank $6.5M 2 8.25%
7 Global One Bank $4.8M 2 8.63%
8 Milestone Bank $4.2M 1 10.25%
9 U.S. Bank, National Association $4.0M 6 9.49%
10 Centerstone SBA Lending, Inc. $4.0M 2 9.13%
11 Newtek Bank, National Association $3.8M 6 10.50%
12 NewBank $3.5M 3 9.25%
13 Merchants Bank of Indiana $3.3M 2 9.25%
14 Citizens Bank $3.2M 2 10.25%
15 First Bank of the Lake $3.1M 1 9.75%
16 Wilmington Savings Fund Society FSB $3.1M 4 9.81%
17 Byline Bank $2.7M 3 9.92%
18 CenTrust Bank, A Division of SmartBiz Bank National Associat $2.6M 1 10.50%
19 One World Bank $2.4M 1 8.50%
20 Frandsen Bank and Trust $2.4M 2 9.75%
21 The Huntington National Bank $2.3M 7 9.67%
22 Woori America Bank $2.2M 2 9.00%
23 Metro City Bank $2.0M 1 8.50%
24 First Bank & Trust $1.6M 2 8.95%
25 PCB Bank $1.5M 3 9.08%
26 Hancock Whitney Bank $1.4M 2 9.88%
27 Truist Bank $1.4M 1 8.00%
28 All Capital Bank $1.4M 1 9.50%
29 Manufacturers and Traders Trust Company $1.4M 7 10.64%
30 Columbia Bank $1.3M 2 8.25%
31 North State Bank $1.3M 1 9.75%
32 Gesa CU $1.1M 2 9.00%
33 KeyBank National Association $1.1M 2 9.75%
34 Western Alliance Bank $1.1M 1 8.50%
35 City Bank $1.1M 1 8.50%
36 Cathay Bank $1.1M 1 8.25%
37 Commonwealth Business Bank $1.1M 1 9.00%
38 First National Bank of Pennsylvania $992K 2 9.13%
39 Citizens Community Federal National Association $948K 1 10.00%
40 Zions Bank, A Division of $920K 3 8.83%
41 Paragon Bank $909K 1 9.50%
42 Salem Five Cents Savings Bank $900K 1 7.50%
43 First Commonwealth Bank $886K 1 9.00%
44 Bank First, N.A. $880K 1 7.75%
45 First Community Bank $874K 1 7.00%
46 United Community Bank $850K 1 9.50%
47 United FCU $774K 1 9.25%
48 National Exchange Bank and Trust $765K 1 7.50%
49 Union Bank and Trust Company $760K 1 8.50%
50 Midwest Regional Bank $706K 2 10.25%

🚀 Best Lenders for Laundromats Startups

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

Rank Lender Startup Volume Loans Avg Rate
1 Bank of Hope $9.0M 7 8.64%
2 Centerstone SBA Lending, Inc. $4.0M 2 9.13%
3 Merchants Bank of Indiana $3.3M 2 9.25%
4 Citizens Bank $3.2M 2 10.25%
5 Wilmington Savings Fund Society FSB $3.1M 4 9.81%
6 NewBank $3.0M 2 9.50%
7 CenTrust Bank, A Division of SmartBiz Bank National Associat $2.6M 1 10.50%
8 One World Bank $2.4M 1 8.50%
9 Frandsen Bank and Trust $2.4M 2 9.75%
10 The Huntington National Bank $2.2M 5 10.05%

🔄 Best Lenders for Laundromats Acquisitions

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

Rank Lender Acquisition Volume Loans Avg Rate
1 Hanmi Bank $8.8M 5 9.10%
2 First Bank of the Lake $3.1M 1 9.75%
3 New Millennium Bank $3.0M 1 8.50%
4 Metro City Bank $2.0M 1 8.50%
5 Byline Bank $1.8M 2 10.00%
6 Gesa CU $1.1M 2 9.00%
7 First Bank & Trust $1.1M 1 8.95%
8 Western Alliance Bank $1.1M 1 8.50%
9 Cathay Bank $1.1M 1 8.25%
10 PCB Bank $915K 2 9.38%

🏢 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:

Rank Lender Volume Loans Avg Rate
1 Port 51 Lending LLC $6.2M 2 8.63%
2 US Metro Bank $4.9M 1 8.75%
3 Milestone Bank $4.2M 1 10.25%
4 Readycap Lending, LLC $4.0M 5 10.75%
5 Global One Bank $4.0M 1 8.50%
6 U.S. Bank, National Association $4.0M 4 8.11%
7 New Millennium Bank $3.5M 1 8.00%
8 Newtek Bank, National Association $1.9M 3 10.50%
9 Truist Bank $1.4M 1 8.00%
10 City Bank $1.1M 1 8.50%

Top States for Laundromats SBA Loans

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

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

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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http://gosbaloans.com

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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