SBA lending record
The Laundry Lounge LLC
206 East 16th Street, Gulf Shores, AL 36542 · Coin-Operated Laundries and Drycleaners. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.8M
Total SBA financing
1
Loan on record
FY2024
On record
6
Jobs supported
● business · ● lender — business location is the ZIP-area centroid from the public record
Is The Laundry Lounge LLC your business?
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The loan
$1,758,500 — FY2024
- Gross approval
- $1,758,500
- SBA guaranteed
- $1,318,875 (75%)
- Status
- Current
- Rate at approval
- 9.25% v
- Term
- 312 mo (26 yr)
- Program
- 7a General
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 7/9/2024
- First disbursement
- 8/23/2024
- Days to fund
- 45 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
The lender
American Bank
1 loan to this business- Total assets
- $359.3B
- Deposits
- $317.3B
- Loans outstanding
- $235.3B
- Net income
- $157.0M
- Return on assets
- 0.1801974999031582%
- Return on equity
- 1.61%
- Total equity
- $39.0B
- Offices
- 5
- Founded
- 09/1
- Headquarters
- 1819 N Columbia St, Covington, LA, 70433
- FDIC cert
- 19234
- Website
- www.americanbankusa.com
Is The Laundry Lounge LLC your business?
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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 The Laundry Lounge LLC.