Magic Laundry Services Inc.
Magic Laundry Services Inc. is located in Montebello, CA, and the SBA lists its industry as Drycleaning and Laundry Services (except Coin-Operated). It was approved for an SBA 504 loan ($1,938,000 SBA portion) on May 1, 2025 to finance real estate or equipment.
- Business type
- Corporation
- Business age reported
- Existing or more than 2 years old
SBA 504 loans
| Approved | SBA portion | Bank portion | Project size | Lender | CDC | Term | Jobs supported | Status |
|---|---|---|---|---|---|---|---|---|
| May 1, 2025 | $1,938,000 | $3,150,500 | $5,653,889 (estimated) | U.S. Bank, National Association | Business Finance Capital | 20 years | 100 | Status not reported (SBA exemption) |
Estimated project size is (SBA portion + bank portion) divided by 0.9, since the owner typically contributes about 10 percent. It is not an SBA-published figure.
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Same industry in California
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- Newport Beach Dry Cleaners, Corona Del Mar
- Fresh Cleaners, El Dorado Hills
- 3rd St. Cleaners, Inc., Los Angeles