Main Street Registry

Palm Press Cleaners, Inc.

Pensacola, FL · Drycleaning and Laundry Services (except Coin-Operated) · NAICS 812320

Palm Press Cleaners, Inc. is a drycleaning and laundry services business in Pensacola, Florida, classified under NAICS 812320 (Drycleaning and Laundry Services, except Coin-Operated). The company was financed with an SBA 7(a) loan for a change of ownership of $2.31 million, approved on November 13, 2025 by Hancock Whitney Bank.

SBA 7(a) loan, change of ownership, approved Nov 13, 2025

$2,310,000 approvedLender: Hancock Whitney Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,310,000
SBA-guaranteed amount
$1,732,500 (75% of the approval)
Lender
Hancock Whitney Bank, Gulfport, MS
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
November 13, 2050 (estimated, approval date plus term)
Estimated monthly payment
$19,385 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 16, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
60
Business type
Corporation
NAICS
812320, Drycleaning and Laundry Services (except Coin-Operated)
Project location
Escambia County, FL
SBA district office
North Florida District Office
Congressional district
FL-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 88% 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 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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Same industry in Florida