Lender intelligence
Financing a coin-operated laundries and drycleaners acquisition in Michigan
The SBA 7(a) lenders funding the most coin-operated laundries and drycleaners acquisitions in Michigan, from public loan records. A lender doing your industry in your state every week underwrites faster and prices sharper.
Most active in coin-operated laundries and drycleaners · Michigan
Ranked by funded coin-operated laundries and drycleaners acquisitions in Michigan. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.15 loans · $4M · Waverly, NEFull record →
3+ funded Coin-Operated Laundries and Drycleaners in Michigan deals
Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.
- 2BACLOP, LLC in Cadillac, MI — $622K (2025) · purchase · Horizon Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 8.5% variable
- Term
- 198 months
- SBA guaranteed
- $467K (75%)
- Approval → funding
- 42 days
- Approved
- 3/19/2025
- First disbursed
- 4/30/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 8
- Business age
- Change of Ownership
- Industry
- Coin-Operated Laundries and Drycleaners
If you were the buyer here
- Est. deal size
- $692K
- Est. down payment (10%)
- $69K
- Est. cash at closing
- $92K
- Monthly payment
- $5,856
- Annual debt service
- $70K
- Cash flow needed (1.25×)
- $88K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by Horizon Bank · Lender record →
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- Log Cabin Laundromat, LLC in Dundee, MI — $140K (2021) · purchase · The State Bank and Trust Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $126K (90%)
- Approval → funding
- 4 days
- Approved
- 5/24/2021
- First disbursed
- 5/28/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Change of Ownership
- Industry
- Coin-Operated Laundries and Drycleaners
If you were the buyer here
- Est. deal size
- $156K
- Est. down payment (10%)
- $16K
- Est. cash at closing
- $20K
- Monthly payment
- $1,537
- Annual debt service
- $18K
- Cash flow needed (1.25×)
- $23K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by The State Bank and Trust Company · Lender record →
Your business? Claim this record · Request removal
- Log Cabin Laundromat, LLC in Dundee, MI — $76K (2021) · purchase · The State Bank and Trust Company
- Program
- Preferred Lenders Program
- Rate at approval
- 5.75% variable
- Term
- 240 mo (20 yrs)
- SBA guaranteed
- $68K (90%)
- Approval → funding
- 4 days
- Approved
- 5/24/2021
- First disbursed
- 5/28/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 1
- Business age
- Change of Ownership
- Industry
- Coin-Operated Laundries and Drycleaners
If you were the buyer here
- Est. deal size
- $84K
- Est. down payment (10%)
- $8K
- Est. cash at closing
- $11K
- Monthly payment
- $530
- Annual debt service
- $6K
- Cash flow needed (1.25×)
- $8K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by The State Bank and Trust Company · Lender record →
Your business? Claim this record · Request removal
Financing a coin-operated laundries and drycleaners deal in Michigan? Start with the right lender
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DealRoom analysis of public SBA 7(a) lending records; ranked by funded acquisition loans to coin-operated laundries and drycleaners businesses with a Michigan project address.
Agent summary
How to finance a coin-operated laundries and drycleaners acquisition in Michigan with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Michigan deals. Horizon Bank funds the most here. DealRoom is not a lender.
- $886K typical loan
- 2 lenders active in Michigan
- 3+ funded Michigan deals
- 4 days typical to fund
Buyers buying a coin-operated laundries and drycleaners in Michigan typically pre-qualify, then ask DealRoom to introduce a lender active here — free for buyers; agents submit a consented lead via the DealRoom MCP.
Next steps
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.