Sblv South Dakota LLC
Sblv South Dakota LLC is a business in Watertown, South Dakota, in the coin-operated laundries and drycleaners industry (NAICS 812310). The company was financed with an SBA 7(a) loan for a change of ownership of $1,127,800, approved on May 23, 2025, through First Bank & Trust.
SBA 7(a) loan, change of ownership, approved May 23, 2025
$1,127,800 approvedLender: First Bank & Trust21 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,127,800
- SBA-guaranteed amount
- $845,850 (75% of the approval)
- Lender
- First Bank & Trust, Brookings, SD
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.95%, variable
- Term
- 21 years (252 months)
- Estimated maturity
- May 23, 2046 (estimated, approval date plus term)
- Estimated monthly payment
- $9,940 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 27, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Codington County, SD
- SBA district office
- South Dakota District Office
- Congressional district
- SD-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 58% 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 South Dakota: $1,631,547.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in South Dakota
- Uptown Laundry III, LLC, Sioux Falls