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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 | Share |
|---|---|---|---|
| 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 |
An SBA 7(a) lender for loans this size
66% of the SBA loans approved in drycleaning and laundry services since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
Approvals by fiscal year
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K18%
- $50K - $150K22%
- $150K - $350K26%
- $350K - $1M25%
- $1M - $2M7%
- Over $2M2%
Franchise brands in Drycleaning and Laundry Services
| Franchise brand | Loans | Approved | Share |
|---|---|---|---|
| Tide Dry Cleaners | 32 | $21.7M | |
| Martinizing Cleaners | 30 | $12.6M | |
| CD One Price Cleaners | 25 | $18.0M | |
| Martinizing Dry Cleaning | 23 | $5.5M | |
| Lapels | 20 | $6.9M | |
| Crdn | 19 | $20.6M | |
| Zips Dry Cleaners | 14 | $6.8M | |
| ZIPS Cleaners | 14 | $13.4M | |
| Lapels Dry Cleaning | 13 | $5.9M | |
| WaveMAX Laundry | 4 | $3.0M |
Brands with the most SBA loans recorded under this NAICS code, among brands with at least 10 loans in the file.
Nearby
Other other services industries
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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