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E&L LAUNDROMAT INC — SBA Loan Record (Plainfield, NJ) | DealRoom

Intelligence/Coin-Operated Laundries and Drycleaners/NJ

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SBA lending record

E&L LAUNDROMAT INC

252 E 2nd Street, Plainfield, NJ · Coin-Operated Laundries and Drycleaners. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$800K

Total SBA financing

1

Loan on record

FY2025

On record

7

Jobs supported

Is E&L LAUNDROMAT INC your business?

This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.

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The loan

$800,000 — FY2025

Gross approval: $800,000
SBA guaranteed: $600,000 (75%)
Status: Current
Rate at approval: 9% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 11/21/2024
First disbursement: 12/6/2024
Days to fund: 15 days
Collateral: Required
Jobs supported: 7
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Coin-Operated Laundries and Drycleaners
NAICS code: 812310
Lender: New Millennium Bank
Address: 252 E 2nd Street
City: Plainfield
County: Union
SBA district office: NEW JERSEY DISTRICT OFFICE
Congressional district: 6

The lender

New Millennium Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding coin-operated laundries and drycleaners — by location, industry.

SBA lenders in New Jersey Lenders for coin-operated laundries and drycleaners Coin-Operated Laundries and Drycleaners lenders in New Jersey

Similar businesses

Comparable coin-operated laundries and drycleaners in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Legacy Laundry LLC

Plainfield, NJ· ~0 mi

Coin-Operated Laundries and Drycleaners

$700K
SBA financing: ≈ $1.4M–$2.3M
Est. revenue (rough)

LAUNDROMAT 4 LESS LLC

Belleville, NJ· ~17 mi

Coin-Operated Laundries and Drycleaners

$1.2M
SBA financing: ≈ $2.4M–$4.0M
Est. revenue (rough)

BELLEVILLE LAUNDROMAT LLC

Belleville, NJ· ~18 mi

Coin-Operated Laundries and Drycleaners

$1.5M
SBA financing: ≈ $3.0M–$5.0M
Est. revenue (rough)

MK Hydrotech Inc

Paterson, NJ· ~25 mi

Coin-Operated Laundries and Drycleaners

$1.2M
SBA financing: ≈ $2.4M–$3.9M
Est. revenue (rough)

LavoLaundry Inc.

Montclair, NJ· ~17 mi

Coin-Operated Laundries and Drycleaners

$400K
SBA financing: ≈ $784K–$1.3M
Est. revenue (rough)

MMSR Holdings LLC

Jersey City, NJ· ~19 mi

Coin-Operated Laundries and Drycleaners

$2.2M
SBA financing: ≈ $4.3M–$7.2M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for E&L LAUNDROMAT INC in Plainfield, NJ (Coin-Operated Laundries and Drycleaners). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $800K
On record FY2025
7 jobs supported
Industry: Coin-Operated Laundries and Drycleaners
Location: Plainfield, NJ
Lender: New Millennium Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Coin-Operated Laundries and Drycleaners businesses in NJ for ~$800k deals, then pre-qualify for 7(a) financing before making an offer. DealRoom can arrange a lender introduction — free for buyers.

Next steps

Pre-qualify this deal→Talk to a loan broker→Find SBA lenders→Compare similar deals→

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/e-l-laundromat-inc-nj
API:: https://dealroom.so/api/public/businesses/e-l-laundromat-inc-nj
Methodology:: Sources & methodology

Informational only — DealRoom does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and DealRoom methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. DealRoom is not a lender.

Is E&L LAUNDROMAT INC your business?

This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with E&L LAUNDROMAT INC.