SBA Loans for Laundromats
Laundromats received $761.9M in SBA 7(a) loans across 994 approved loans from FY2021 through FY2026, with The Huntington National Bank leading at 58 deals. The sector's charge-off rate over this period is 0.7%.
Get matched with a lender →$761.9M
Total approved volume
994
Approved loans
$767K
Average loan size
0.7%
Charge-off rate
Most active SBA lenders for laundromats
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 58 | $20.3M | $349K |
| 2 | Bank of Hope | 38 | $35.7M | $940K |
| 3 | Manufacturers and Traders Trust Company | 36 | $8.4M | $235K |
Source: SBA FOIA 7(a) loan-level data, FY2021–FY2026, NAICS 81231*. Charge-off rate = SBA-charged-off loans divided by funded loans. Rankings are by total loan count.
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