Main Street Registry

600 East Chelten Assoc LLC

Philadelphia, PA · Coin-Operated Laundries and Drycleaners · NAICS 812310

600 East Chelten Assoc LLC is a coin-operated laundry and drycleaner located in Philadelphia, PA, in the NAICS 812310 industry. The company financed real estate or equipment through an SBA 504 loan of $1,610,000 (the SBA portion), with Wilmington Savings Fund Society FSB as the lender, and the loan was approved with a date of July 28, 2026.

SBA 504 loan, approved Jul 28, 2026

$1,610,000 SBA portionCDC: South Eastern Economic Development Company of Pennsylvania20 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,610,000
Bank portion
$1,952,000
Estimated project size
$3,957,778 (estimated)
Estimated owner equity
$395,778 (estimated, about 10% of the project)
Bank lender
Wilmington Savings Fund Society FSB, Wilmington, DE
CDC
South Eastern Economic Development Company of Pennsylvania
Processing method
504 Basic: standard SBA processing through a CDC
Term
20 years (240 months)
Estimated maturity
July 28, 2046 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
10
Business type
Corporation
NAICS
812310, Coin-Operated Laundries and Drycleaners
Project location
Philadelphia County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-3
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 86% of expansion loans in Coin-Operated Laundries and Drycleaners on this site.
  • Average expansion loan in Coin-Operated Laundries and Drycleaners: $1,323,429.
  • Average expansion loan in Pennsylvania: $2,212,724.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Pennsylvania