How much do SBA lenders typically lend to a drycleaning and laundry services business?

The median SBA approval in NAICS 812320 is $200,000, with the middle 80% of loans between $25,000 and $931,000. Across all industries the median is $180,000.

Which lenders are most active in drycleaning and laundry services?

By dollars approved: Bank of Hope, Wells Fargo Bank, Hanmi Bank, Metro City Bank, The Huntington National 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 drycleaning and laundry services considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.9% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

NAICS 812320 · Other Services

SBA loans for drycleaning and laundry services

3,976 SBA loans worth $1.53B have been approved in this industry since FY2010 - the #61 most-financed NAICS code in the country.

Median loan

$200,000

+11% vs all industries

Typical range

$25K-$931K

Middle 80%

Median rate

6.25%

7(a) initial note rate

Median term

10 yr

Charge-off rate

10.9%

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	361	$94.8M
Wells Fargo Bank	150	$55.8M
Hanmi Bank	89	$46.3M
Metro City Bank	76	$43.5M
The Huntington National Bank	190	$42.0M
PCB Bank	88	$35.9M
U.S. Bank	194	$35.9M
Byline Bank	52	$27.3M
Pinnacle Bank	19	$22.1M
The Bank of Princeton	67	$20.2M

Geography

Where these loans were made

State	Loans	Share
California	590
Texas	410
New York	407
Illinois	273
New Jersey	248
Georgia	206
Florida	165
Pennsylvania	156

Approvals by fiscal year

’10

’11

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’14

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’16

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’18

’19

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
18%
$50K - $150K
22%
$150K - $350K
26%
$350K - $1M
25%
$1M - $2M
7%
Over $2M
2%

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 Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance3,531 · $150,000

Common questions

How much do SBA lenders typically lend to a drycleaning and laundry services business?: The median SBA approval in NAICS 812320 is $200,000, with the middle 80% of loans between $25,000 and $931,000. Across all industries the median is $180,000.
Which lenders are most active in drycleaning and laundry services?: By dollars approved: Bank of Hope, Wells Fargo Bank, Hanmi Bank, Metro City Bank, The Huntington National 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 drycleaning and laundry services considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.9% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

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