Sun-Ray Laundromat LLC
Sun-Ray Laundromat LLC is located in Saint Paul, MN, and the SBA lists its industry as Coin-Operated Laundries and Drycleaners. It was approved for an SBA 504 loan ($1,075,000 SBA portion) on December 22, 2025 to finance real estate or equipment.
SBA 504 loan, approved Dec 22, 2025
- SBA (CDC) portion
- $1,075,000
- Bank portion
- $1,300,000
- Estimated project size
- $2,638,889 (estimated)
- Estimated owner equity
- $263,889 (estimated, about 10% of the project)
- Bank lender
- Platinum Bancorp, Inc., Oakdale, MN
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 22, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Ramsey County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-4
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 14% of expansion loans in Coin-Operated Laundries and Drycleaners on this site.
- Average expansion loan in Coin-Operated Laundries and Drycleaners: $1,323,429.
- Average expansion loan in Minnesota: $2,136,981.
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 Minnesota
- Royal Wash House L.L.C., Minneapolis