How much do SBA lenders typically lend to a coin-operated laundries and drycleaners business?

The median SBA approval in NAICS 812310 is $350,000, with the middle 80% of loans between $50,000 and $1,433,700. Across all industries the median is $180,000.

Which lenders are most active in coin-operated laundries and drycleaners?

By dollars approved: Bank of Hope, Open Bank, Hanmi Bank, Commonwealth Business Bank, United Business Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is coin-operated laundries and drycleaners considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.6% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

NAICS 812310 · Other Services

SBA loans for coin-operated laundries and drycleaners

3,508 SBA loans worth $2.09B have been approved in this industry since FY2010 - the #69 most-financed NAICS code in the country.

Median loan

$350,000

+94% vs all industries

Typical range

$50K-$1.4M

Middle 80%

Median rate

6.00%

7(a) initial note rate

Median term

10 yr

Charge-off rate

4.6%

vs 7.6% all industries

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

Most active in this industry

Lender	Loans	Approved
Bank of Hope	305	$217.1M
Open Bank	64	$80.4M
Hanmi Bank	86	$70.6M
Commonwealth Business Bank	57	$68.6M
United Business Bank	46	$67.5M
PCB Bank	99	$67.1M
New Millennium Bank	69	$60.2M
Readycap Lending, LLC	35	$59.4M
Metro City Bank	45	$53.1M
Wells Fargo Bank	112	$42.9M

Geography

Where these loans were made

State	Loans	Share
California	850
New York	358
Texas	336
New Jersey	182
Illinois	173
Florida	114
Ohio	110
Massachusetts	105

Approvals by fiscal year

’10

’11

’12

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’14

’15

’16

’17

’18

’19

’20

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’23

’24

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
9%
$50K - $150K
16%
$150K - $350K
25%
$350K - $1M
33%
$1M - $2M
12%
Over $2M
5%

Nearby

Other other services industries

See the sector

General Automotive Repair16,083 · $190,000 Beauty Salons14,068 · $85,000 Other Personal Care Services7,830 · $175,000 All Other Personal Services7,488 · $144,000 Pet Care (except Veterinary) Services6,530 · $195,850 Car Washes5,876 · $773,000 Automotive Body, Paint, and Interior Repair and Maintenance5,872 · $240,000 Drycleaning and Laundry Services3,976 · $200,000

Common questions

How much do SBA lenders typically lend to a coin-operated laundries and drycleaners business?: The median SBA approval in NAICS 812310 is $350,000, with the middle 80% of loans between $50,000 and $1,433,700. Across all industries the median is $180,000.
Which lenders are most active in coin-operated laundries and drycleaners?: By dollars approved: Bank of Hope, Open Bank, Hanmi Bank, Commonwealth Business Bank, United Business Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is coin-operated laundries and drycleaners considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 4.6% were charged off, versus 7.6% across all SBA lending. That is below average, which generally makes lenders more comfortable with the sector.

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