Main Street Registry

G & N Laundromat LLC

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

G & N Laundromat LLC is a coin-operated laundry and drycleaner in Fresno, California, classified under NAICS code 812310. The business was financed with an SBA 7(a) loan for a change of ownership of $655,000, approved on January 9, 2026 by lender TowneBank.

SBA 7(a) loan, change of ownership, approved Jan 9, 2026

$655,000 approvedLender: TowneBank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$655,000
SBA-guaranteed amount
$491,250 (75% of the approval)
Lender
TowneBank, Portsmouth, VA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
January 9, 2036 (estimated, approval date plus term)
Estimated monthly payment
$8,565 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 30, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
812310, Coin-Operated Laundries and Drycleaners
Project location
Fresno County, CA
SBA district office
Fresno District Office
Congressional district
CA-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 25% 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 California: $1,688,228.

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