Mr. Fresh - West Boca LLC
Mr. Fresh - West Boca LLC is a business in Boca Raton, Florida, in the coin-operated laundries and drycleaners industry. It was financed with an SBA 7(a) loan for a change of ownership of $1.66 million, approved on May 8, 2025, by Byline Bank.
SBA 7(a) loan, change of ownership, approved May 8, 2025
$1,660,000 approvedLender: Byline Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,660,000
- SBA-guaranteed amount
- $1,245,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 8, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $21,937 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Palm Beach County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-21
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 78% 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 Florida: $1,808,559.
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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