SBA Loans for Laundromats
Laundromats received $813.9M in SBA 7(a) loans across 1,050 approved loans from FY2021 through FY2026, with The Huntington National Bank leading at 60 deals. The sector's charge-off rate over this period is 0.8%.
Get matched with a lender →$813.9M
Total approved volume
1,050
Approved loans
$775K
Average loan size
0.8%
Charge-off rate
Most active SBA lenders for laundromats
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 60 | $21.1M | $351K |
| 2 | Bank of Hope | 40 | $39.5M | $986K |
| 3 | Manufacturers and Traders Trust Company | 37 | $8.5M | $231K |
Source: SBA FOIA 7(a) loan-level data, FY2021–FY2026, NAICS 81231*. Charge-off rate = SBA-charged-off loans divided by funded loans. Rankings are by total loan count.
SBA lending in other industries
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