Luna Laundry Co., Inc.
Luna Laundry Co., Inc. is located in Santa Fe, NM, and the SBA lists its industry as Drycleaning and Laundry Services (except Coin-Operated). It was approved for an SBA 7(a) loan of $1,575,000 for a change of ownership on March 24, 2025.
SBA 7(a) loan, change of ownership, approved Mar 24, 2025
- Gross approval
- $1,575,000
- SBA-guaranteed amount
- $1,181,250 (75% of the approval)
- Lender
- Tradition Capital Bank, Wayzata, MN
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 24, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $20,596 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 10, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 812320, Drycleaning and Laundry Services (except Coin-Operated)
- Project location
- Santa Fe County, NM
- SBA district office
- New Mexico District Office
- Congressional district
- NM-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 71% 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 New Mexico: $1,985,089.
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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