Main Street Registry

Hertel Village Laundry Inc

Buffalo, NY · Coin-Operated Laundries and Drycleaners · NAICS 812310

Hertel Village Laundry Inc is a coin-operated laundry and drycleaner located in Buffalo, New York. The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2.2 million, approved by Metro City Bank on March 20, 2026.

SBA 7(a) loan, change of ownership, approved Mar 20, 2026

$2,200,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,200,000
SBA-guaranteed amount
$1,650,000 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
March 20, 2051 (estimated, approval date plus term)
Estimated monthly payment
$17,346 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 7, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
812310, Coin-Operated Laundries and Drycleaners
Project location
Erie County, NY
SBA district office
Buffalo District Office
Congressional district
NY-26
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 83% 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 New York: $1,771,512.

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 New York