J.J. Cleaners Group, Inc.
J.J. Cleaners Group, Inc. is a drycleaning and laundry services business (except coin-operated) located in Lexington, NC. The company was financed with an SBA 7(a) loan for a change of ownership totaling $883,300, with First Bank as the lender and an approval date of September 30, 2026.
SBA 7(a) loan, change of ownership, approved Sep 30, 2026
$883,300 approvedLender: First Bank17 years termCommitted, not fully disbursedLoan details
- Gross approval
- $883,300
- SBA-guaranteed amount
- $662,475 (75% of the approval)
- Lender
- First Bank, Southern Pines, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 17 years (204 months)
- Estimated maturity
- September 30, 2043 (estimated, approval date plus term)
- Estimated monthly payment
- $8,469 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 17
- Business type
- Corporation
- NAICS
- 812320, Drycleaning and Laundry Services (except Coin-Operated)
- Project location
- Davidson County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in Drycleaning and Laundry Services (except Coin-Operated) on this site.
- Average acquisition loan in Drycleaning and Laundry Services (except Coin-Operated): $1,281,569.
- Average acquisition loan in North Carolina: $1,952,444.
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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