Coinlucky27, Inc
Coinlucky27, Inc, located in Riverdale, Georgia, operates in the coin-operated laundries and drycleaners industry (NAICS 812310). The company was financed with an SBA 7(a) loan for a change of ownership of $1,525,000 from Metro City Bank, with approval dated May 13, 2024.
SBA 7(a) loan, change of ownership, approved May 13, 2024
$1,525,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,525,000
- SBA-guaranteed amount
- $1,143,750 (75% of the approval)
- Lender
- Metro City Bank, Doraville, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- May 13, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $14,399 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 24, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Clayton County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 73% of acquisition loans in Coin-Operated Laundries and Drycleaners on this site.
- Average acquisition loan in Coin-Operated Laundries and Drycleaners: $1,337,074.
- Average acquisition loan in Georgia: $2,017,638.
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 Georgia
- Laundry Clean Ltd. Co., Fayetteville
- Jalil and Salah Investment LLC, Decatur
- Swift Street Laundry and Auto Spa LLC, Perry