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Modern American Cleaners Inc. — SBA Loan Record (Verona, NJ) | DealRoom

Intelligence/Drycleaning and Laundry Services (except Coin-Operated)/NJ

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SBA lending record

Modern American Cleaners Inc.

404 Bloomfied Ave, Verona, NJ · Drycleaning and Laundry Services (except Coin-Operated). The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$616K

Total SBA financing

1

Loan on record

FY2025

On record

8

Jobs supported

Is Modern American Cleaners 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

$616,000 — FY2025

Gross approval: $616,000
SBA guaranteed: $462,000 (75%)
Status: Current
Rate at approval: 9.75% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 1/10/2025
First disbursement: 1/17/2025
Days to fund: 7 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 8
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Drycleaning and Laundry Services (except Coin-Operated)
NAICS code: 812320
Lender: Woori America Bank
Address: 404 Bloomfied Ave
City: Verona
County: Essex
SBA district office: NEW JERSEY DISTRICT OFFICE
Congressional district: 10

The lender

Woori America 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 drycleaning and laundry services (except coin-operated) — by location, industry.

SBA lenders in New Jersey Lenders for drycleaning and laundry services (except coin-operated)Drycleaning and Laundry Services (except Coin-Operated) lenders in New Jersey

Similar businesses

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

Ridgewood Spotless LLC

Ridgewood, NJ· ~12 mi

Drycleaning and Laundry Services (except Coin-Operated)

$500K
SBA financing: ≈ $980K–$1.6M
Est. revenue (rough)

TKS LAUNDROMAT LLC

Newark, NJ· ~7 mi

Drycleaning and Laundry Services (except Coin-Operated)

$350K
SBA financing: ≈ $686K–$1.1M
Est. revenue (rough)

Watchung Drycleaners LLC

Montclair, NJ· ~2 mi

Drycleaning and Laundry Services (except Coin-Operated)

$300K
SBA financing: ≈ $588K–$980K
Est. revenue (rough)

Byung Koh Inc

Haledon, NJ· ~8 mi

Drycleaning and Laundry Services (except Coin-Operated)

$330K
SBA financing: ≈ $647K–$1.1M
Est. revenue (rough)

VM Cleaners Inc.

Glen Rock, NJ· ~11 mi

Drycleaning and Laundry Services (except Coin-Operated)

$313K
SBA financing: ≈ $614K–$1.0M
Est. revenue (rough)

B Linen Service Inc.

Paterson, NJ· ~8 mi

Drycleaning and Laundry Services (except Coin-Operated)

$2.0M
SBA financing: ≈ $3.9M–$6.5M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for Modern American Cleaners Inc. in Verona, NJ (Drycleaning and Laundry Services (except Coin-Operated)). 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 $616K
On record FY2025
8 jobs supported
Industry: Drycleaning and Laundry Services (except Coin-Operated)
Location: Verona, NJ
Lender: Woori America Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Drycleaning and Laundry Services (except Coin-Operated) businesses in NJ for ~$616k 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/modern-american-cleaners-inc-nj
API:: https://dealroom.so/api/public/businesses/modern-american-cleaners-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 Modern American Cleaners 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 Modern American Cleaners Inc..