SBA lending record
FRESCO LAUNDROMAT
707 Wilshire Blvd, Los Angeles, CA 90017 · Coin-Operated Laundries and Drycleaners. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$315K
Total SBA financing
1
Loan on record
FY2023
On record
19
Jobs supported
● business · ● lender — business location is the ZIP-area centroid from the public record
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The loan
$315,000 — FY2023
- Gross approval
- $315,000
- SBA guaranteed
- $236,250 (75%)
- Status
- In workout — SBA bought the guarantee
- Rate at approval
- 11.25% v
- Term
- 108 mo (9 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 6/21/2023
- First disbursement
- 6/26/2023
- Days to fund
- 5 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
Newtek Bank, National Association
1 loan to this business- Total assets
- $2162.1B
- Deposits
- $1936.2B
- Loans outstanding
- $1642.2B
- Net income
- $20.2B
- Return on assets
- 4.152200415970278%
- Return on equity
- 46.2%
- Total equity
- $182.5B
- Offices
- 1
- Founded
- 04/0
- Headquarters
- 1111 Brickell Ave, Miami, FL, 33131
- FDIC cert
- 18734
- Website
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with FRESCO LAUNDROMAT.