SBA lending record
MODERN WAY CLEANERS
5230 159TH ST, Oak Forest, IL 60452 · Coin-Operated Laundries and Drycleaners. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$972K
Total SBA financing
1
Loan on record
FY2025
On record
7
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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The loan
$972,000 — FY2025
- Gross approval
- $972,000
- SBA guaranteed
- $729,000 (75%)
- Status
- Current
- Rate at approval
- 10% v
- Term
- 300 mo (25 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/23/2024
- First disbursement
- 1/21/2025
- Days to fund
- 29 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
Agent summary
This page summarizes the public SBA 7(a) lending record for MODERN WAY CLEANERS in Oak Forest, IL (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 $972K
- On record FY2025
- 7 jobs supported
- Industry: Coin-Operated Laundries and Drycleaners
- Location: Oak Forest, IL
- Lender: Lendistry SBLC, LLC
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
- Sources & methodology
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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 WAY CLEANERS.