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SBA Lenders for Laundry & Dry Cleaning
Top lenders ranked by real SBA lending data for laundry & dry cleaning nationwide.
What Borrowers Should Know
Laundry and dry cleaning businesses are getting better loan terms than the national average. The median spread here is P+2.28%, which is 47 basis points lower than the national median of P+2.75%. This suggests lenders view this industry as relatively stable and lower-risk, meaning you'll pay less interest if you qualify for an SBA 7(a) loan in this sector.
California dominates this industry's SBA lending landscape with 1,521 deals—that's 57% of all laundry SBA loans. This concentration means lenders in CA have deep expertise in laundry operations, which could work in your favor if you're based there, but it also signals intense competition and potentially saturated markets in that state.
Bank of Hope has originated 353 SBA loans to laundry businesses—more than double the next lender—suggesting they've built specialized lending machinery for this industry. If you're seeking an SBA loan, Bank of Hope's deep track record here means they understand your business model, but also that they have clear underwriting standards you'll need to meet.
Total SBA Loans
8,183
Active Lenders
958
Avg Deal Size
$504K
Total Volume
$4.1B
Laundry & Dry Cleaning SBA loans average $504K in deal size across 8,183 total loans. The median 7(a) spread in this segment is P + 2.26%.
Top Lenders for Laundry & Dry Cleaning
Ranked by total deal count nationwide.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | Bank of Hope | Bank | 658 | $482K | P + 2.30%AVERAGE | |
| 2 | The Huntington National Bank | Bank | 321 | $223K | P + 2.28%AVERAGE | |
| 3 | Wells Fargo Bank National Association | Bank | 284 | $370K | P + 2.97%ABOVE AVG | |
| 4 | U.S. Bank, National Association | Bank | 268 | $281K | P + 2.33%AVERAGE | |
| 5 | JPMorgan Chase Bank, National Association | Bank | 210 | $221K | P + 2.96%ABOVE AVG | |
| 6 | TD Bank, National Association | Bank | 199 | $154K | P + 2.97%ABOVE AVG | |
| 7 | PCB Bank | Bank | 182 | $557K | P + 1.86%GOOD | |
| 8 | Hanmi Bank | Bank | 171 | $663K | P + 1.91%GOOD | |
| 9 | Manufacturers and Traders Trust Company | Bank | 131 | $188K | P + 2.92%ABOVE AVG | |
| 10 | New Millennium Bank | Bank | 128 | $600K | P + 1.60%GOOD | |
| 11 | PNC Bank, National Association | Bank | 114 | $276K | P + 2.63%AVERAGE | |
| 12 | Metro City Bank | Bank | 114 | $738K | P + 1.72%GOOD | |
| 13 | Open Bank | Bank | 100 | $923K | P + 2.06%GOOD | |
| 14 | The Bank of Princeton | Bank | 93 | $428K | P + 2.45%AVERAGE | |
| 15 | NewBank | Bank | 92 | $590K | P + 2.23%GOOD |
Top States for Laundry & Dry Cleaning
Where laundry & dry cleaning SBA lending is most active.