Happy Wash LLC
Happy Wash LLC is a coin-operated laundries and drycleaners business located in Haverhill, MA, classified under NAICS code 812310. The company was financed with an SBA 7(a) loan for a change of ownership of $900,000, approved by Salem Five Cents Savings Bank on December 10, 2025.
SBA 7(a) loan, change of ownership, approved Dec 10, 2025
$900,000 approvedLender: Salem Five Cents Savings Bank7 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $900,000
- SBA-guaranteed amount
- $675,000 (75% of the approval)
- Lender
- Salem Five Cents Savings Bank, Salem, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, fixed
- Term
- 7 years (84 months)
- Estimated maturity
- December 10, 2032 (estimated, approval date plus term)
- Estimated monthly payment
- $13,804 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 19, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Essex County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 45% 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 Massachusetts: $1,643,977.
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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