Main Street Registry

Free Dry Coin Laundry

Lynwood, CA · Coin-Operated Laundries and Drycleaners · NAICS 812310

Free Dry Coin Laundry, located in Lynwood, California, operates in the coin-operated laundries and drycleaners industry (NAICS 812310). The business was financed with an SBA 7(a) loan for a change of ownership of $3.36 million, approved by Metro City Bank on March 18, 2026.

SBA 7(a) loan, change of ownership, approved Mar 18, 2026

Gross approval
$3,360,000
SBA-guaranteed amount
$2,520,000 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
March 18, 2051 (estimated, approval date plus term)
Estimated monthly payment
$25,379 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 2, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
812310, Coin-Operated Laundries and Drycleaners
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-44
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 California