O'Geen & Hew Holdings 1 LLC
O'Geen & Hew Holdings 1 LLC is a coin-operated laundry and drycleaning business in Harrisonburg, Virginia, classified under NAICS 812310. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3.13 million, approved on September 15, 2025, through First Bank of the Lake.
SBA 7(a) loan, change of ownership, approved Sep 15, 2025
$3,133,000 approvedLender: First Bank of the Lake10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,133,000
- SBA-guaranteed amount
- $2,349,750 (75% of the approval)
- Lender
- First Bank of the Lake, Osage Beach, MO
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 15, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $40,970 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Franchise
- FRSTeam
- Project location
- Harrisonburg City County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 92% 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 Virginia: $1,860,760.
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 Virginia
- Wash Zone Laundromat, Alexandria
- Hailey's Laundromat, Fairfax