How much do lenders finance for a Zips Dry Cleaners franchise?

The median SBA loan approved for a Zips Dry Cleaners franchise is $472,500, with the middle 80% of loans between $110,000 and $754,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.

Which lenders finance Zips Dry Cleaners franchises?

By dollars approved, the most active SBA lenders for Zips Dry Cleaners have been Atlantic Union Bank, Truist Bank, The Pennsylvania Community Development and Finance Corporation, Wells Fargo Bank. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.

How long are Zips Dry Cleaners SBA loans?

The median term is 10 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Franchise financing

Financing a Zips Dry Cleaners franchise

SBA lenders have approved 14 loans against the Zips Dry Cleaners brand since FY2010, totalling $6.8M. The median approval was $472,500. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1233

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$472,500

Typical range

$110K-$754K

Middle 80% of loans

Median term

10 yr

Charge-off rate

Cohort too small

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Who financed Zips Dry Cleaners

Lender	Loans	Approved
Atlantic Union Bank	4	$2.8M
Truist Bank	4	$1.7M
The Pennsylvania Community Development and Finance Corporation	1	$754K
Wells Fargo Bank	1	$604K
Hanmi Bank	1	$495K
SEDA-COG Local Development Corporation	1	$195K
The Bancorp Bank	1	$183K
Celtic Bank Corporation	1	$110K

Geography

Where Zips Dry Cleaners units were financed

State	Loans	Share
Virginia	7
Pennsylvania	4
Maryland	3

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

Loan count by fiscal year - a rough proxy for how fast the brand was opening units. Final bar is a partial year.

Loan sizes

$50K - $150K
21%
$150K - $350K
21%
$350K - $1M
50%
$1M - $2M
7%

Financing a Zips Dry Cleaners: common questions

How much do lenders finance for a Zips Dry Cleaners franchise?: The median SBA loan approved for a Zips Dry Cleaners franchise is $472,500, with the middle 80% of loans between $110,000 and $754,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.
Which lenders finance Zips Dry Cleaners franchises?: By dollars approved, the most active SBA lenders for Zips Dry Cleaners have been Atlantic Union Bank, Truist Bank, The Pennsylvania Community Development and Finance Corporation, Wells Fargo Bank. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.
How long are Zips Dry Cleaners SBA loans?: The median term is 10 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Compare other brands

Median loan size and charge-off rate across every franchise in the SBA record.

How SBA 7(a) works

The programme most franchise buyers use, explained end to end.

Buying a franchise with an SBA loan

Equity injection, the franchise directory, and what lenders check.

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