Wash World
Wash World is located in New Orleans, LA, and the SBA lists its industry as Coin-Operated Laundries and Drycleaners. It was approved for an SBA 504 loan ($1,076,000 SBA portion) on May 8, 2025 to finance real estate or equipment.
SBA 504 loan, approved May 8, 2025
- SBA (CDC) portion
- $1,076,000
- Bank portion
- $1,500,000
- Estimated project size
- $2,862,222 (estimated)
- Estimated owner equity
- $286,222 (estimated, about 10% of the project)
- Bank lender
- Planters Bank and Trust Company, Indianola, MS
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- May 8, 2050 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 32
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Orleans County, LA
- SBA district office
- Louisiana District Office
- Congressional district
- LA-1
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 21% 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 Louisiana: $2,537,130.
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 Louisiana
- Driftwood Laundry LLC, Houma