Wash Zone Laundromat
Wash Zone Laundromat in Alexandria, Virginia operates in the Coin-Operated Laundries and Drycleaners industry. The business was financed with an SBA 7(a) loan for a change of ownership of $825,000, approved on September 6, 2025 by Hanmi Bank.
SBA 7(a) loan, change of ownership, approved Sep 6, 2025
$825,000 approvedLender: Hanmi Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $825,000
- SBA-guaranteed amount
- $618,750 (75% of the approval)
- Lender
- Hanmi Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 6, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $10,675 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 23, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Alexandria City County, VA
- SBA district office
- Washington District Office
- Congressional district
- VA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 39% 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
- O'Geen & Hew Holdings 1 LLC, Harrisonburg
- Hailey's Laundromat, Fairfax