Lender intelligence
Financing a coin-operated laundries and drycleaners acquisition in Minnesota
The SBA 7(a) lenders funding the most coin-operated laundries and drycleaners acquisitions in Minnesota, 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 · Minnesota
Ranked by funded coin-operated laundries and drycleaners acquisitions in Minnesota. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.34 loans · $19M · Arden Hills, MNFull record →
- 2.5 loans · $2M · Hager City, WIFull record →
- 3.2 loans · $0M · Saint Paul, MNFull record →
14+ funded Coin-Operated Laundries and Drycleaners in Minnesota 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.
- NKC Coin Laundry LLC in Rochester, MN — $260K (2024) · purchase · Arcadian Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 8.25% variable
- Term
- 119 months
- SBA guaranteed
- $130K (50%)
- Approval → funding
- 3 days
- Approved
- 12/4/2023
- First disbursed
- 12/7/2023
- 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
- $289K
- Est. down payment (10%)
- $29K
- Est. cash at closing
- $39K
- Monthly payment
- $3,206
- Annual debt service
- $38K
- Cash flow needed (1.25×)
- $48K
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 Arcadian Bank
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- LINDA'S LAUNDRY LLC in Waseca, MN — $213K (2024) · purchase · Arcadian Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 8.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $107K (50%)
- Approval → funding
- 6 days
- Approved
- 12/1/2023
- First disbursed
- 12/7/2023
- 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
- $237K
- Est. down payment (10%)
- $24K
- Est. cash at closing
- $32K
- Monthly payment
- $2,613
- Annual debt service
- $31K
- Cash flow needed (1.25×)
- $39K
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 Arcadian Bank
Your business? Claim this record · Request removal
- LINDA'S LAUNDRY LLC in Waseca, MN — $112K (2024) · purchase · Arcadian Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 7.375% variable
- Term
- 179 months
- SBA guaranteed
- $56K (50%)
- Approval → funding
- 0 days
- Approved
- 12/7/2023
- First disbursed
- 12/7/2023
- Loan status
- Paid in full (1/31/2026)
- 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
- $124K
- Est. down payment (10%)
- $12K
- Est. cash at closing
- $16K
- Monthly payment
- $1,033
- Annual debt service
- $12K
- Cash flow needed (1.25×)
- $16K
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 Arcadian Bank
Your business? Claim this record · Request removal
- Royal Wash House L.L.C. in Hutchinson, MN — $1.8M (2022) · purchase · BANKWEST
- Program
- 7a General
- Rate at approval
- 6% fixed
- Term
- 300 mo (25 yrs)
- SBA guaranteed
- $1.3M (75%)
- Approval → funding
- 8 days
- Approved
- 9/26/2022
- First disbursed
- 10/4/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 14
- Business age
- Change of Ownership
- Industry
- Coin-Operated Laundries and Drycleaners
If you were the buyer here
- Est. deal size
- $1.9M
- Est. down payment (10%)
- $195K
- Est. cash at closing
- $268K
- Monthly payment
- $11,307
- Annual debt service
- $136K
- Cash flow needed (1.25×)
- $170K
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 BANKWEST
Your business? Claim this record · Request removal
- 1681 Rice Laundromat, LLC in Saint Paul, MN — $1.3M (2022) · purchase · Hiawatha National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 4.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $979K (75%)
- Approval → funding
- 11 days
- Approved
- 4/18/2022
- First disbursed
- 4/29/2022
- 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
- $1.4M
- Est. down payment (10%)
- $145K
- Est. cash at closing
- $199K
- Monthly payment
- $13,368
- Annual debt service
- $160K
- Cash flow needed (1.25×)
- $201K
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 Hiawatha National Bank · Lender record →
Your business? Claim this record · Request removal
- Bee Lor Companies Inc in Minneapolis, MN — $783K (2022) · purchase · Frandsen Bank and Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $587K (75%)
- Approval → funding
- 12 days
- Approved
- 2/4/2022
- First disbursed
- 2/16/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 4
- Business age
- Change of Ownership
- Industry
- Coin-Operated Laundries and Drycleaners
If you were the buyer here
- Est. deal size
- $870K
- Est. down payment (10%)
- $87K
- Est. cash at closing
- $119K
- Monthly payment
- $8,498
- Annual debt service
- $102K
- Cash flow needed (1.25×)
- $127K
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 Frandsen Bank and Trust · Lender record →
Your business? Claim this record · Request removal
- Mans Enterprises LLC in New Hope, MN — $612K (2022) · purchase · Frandsen Bank and Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 5.5% variable
- Term
- 240 mo (20 yrs)
- SBA guaranteed
- $459K (75%)
- Approval → funding
- 2 days
- Approved
- 5/31/2022
- First disbursed
- 6/2/2022
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Coin-Operated Laundries and Drycleaners
If you were the buyer here
- Est. deal size
- $680K
- Est. down payment (10%)
- $68K
- Est. cash at closing
- $91K
- Monthly payment
- $4,210
- Annual debt service
- $51K
- Cash flow needed (1.25×)
- $63K
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 Frandsen Bank and Trust · Lender record →
Your business? Claim this record · Request removal
- Bartelt Investments LLC in Eagan, MN — $720K (2021) · purchase · Frandsen Bank and Trust
- Program
- Preferred Lenders Program
- Rate at approval
- 4.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $648K (90%)
- Approval → funding
- 3 days
- Approved
- 7/26/2021
- First disbursed
- 7/29/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Coin-Operated Laundries and Drycleaners
If you were the buyer here
- Est. deal size
- $800K
- Est. down payment (10%)
- $80K
- Est. cash at closing
- $110K
- Monthly payment
- $7,376
- Annual debt service
- $89K
- Cash flow needed (1.25×)
- $111K
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 Frandsen Bank and Trust · Lender record →
Your business? Claim this record · Request removal
- NKC Coin Laundry LLC in Rochester, MN — $450K (2021) · purchase · Arcadian Bank
- Program
- 7a General
- Rate at approval
- 5.75% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $405K (90%)
- Approval → funding
- 33 days
- Approved
- 6/6/2021
- First disbursed
- 7/9/2021
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Coin-Operated Laundries and Drycleaners
If you were the buyer here
- Est. deal size
- $500K
- Est. down payment (10%)
- $50K
- Est. cash at closing
- $67K
- Monthly payment
- $4,940
- Annual debt service
- $59K
- Cash flow needed (1.25×)
- $74K
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 Arcadian Bank
Your business? Claim this record · Request removal
- Robert Garcia in Cannon Falls, MN — $79K (2021) · purchase · Affinity Plus FCU
- Program
- 7a General
- Rate at approval
- 5.25% variable
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $67K (85%)
- Approval → funding
- 12 days
- Approved
- 12/4/2020
- First disbursed
- 12/16/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Individual
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Coin-Operated Laundries and Drycleaners
If you were the buyer here
- Est. deal size
- $88K
- Est. down payment (10%)
- $9K
- Est. cash at closing
- $11K
- Monthly payment
- $1,123
- Annual debt service
- $13K
- Cash flow needed (1.25×)
- $17K
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 Affinity Plus FCU · Lender record →
Your business? Claim this record · Request removal
- Arcade Family Laundry LLC in Minneapolis, MN — $739K (2020) · purchase · Coulee Bank
- Program
- 7a General
- Rate at approval
- 5% variable
- Term
- 69 months
- SBA guaranteed
- $554K (75%)
- Approval → funding
- 34 days
- Approved
- 5/27/2020
- First disbursed
- 6/30/2020
- Loan status
- Failed — $726K charged off (10/21/2024)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Coin-Operated Laundries and Drycleaners
If you were the buyer here
- Est. deal size
- $821K
- Est. down payment (10%)
- $82K
- Est. cash at closing
- $113K
- Monthly payment
- $12,346
- Annual debt service
- $148K
- Cash flow needed (1.25×)
- $185K
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 Coulee Bank
Your business? Claim this record · Request removal
- HD Laundry of Lake Street, LLC in Minneapolis, MN — $608K (2020) · purchase · Highland Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $456K (75%)
- Approval → funding
- 40 days
- Approved
- 11/21/2019
- First disbursed
- 12/31/2019
- Loan status
- Paid in full (12/31/2021)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 5
- Business age
- Change of Ownership
- Industry
- Coin-Operated Laundries and Drycleaners
If you were the buyer here
- Est. deal size
- $675K
- Est. down payment (10%)
- $68K
- Est. cash at closing
- $90K
- Monthly payment
- $6,898
- Annual debt service
- $83K
- Cash flow needed (1.25×)
- $103K
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 Highland Bank · Lender record →
Your business? Claim this record · Request removal
- Bluestream Ventures LLC in New Hope, MN — $599K (2020) · purchase · Village Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $449K (75%)
- Approval → funding
- 9 days
- Approved
- 9/21/2020
- First disbursed
- 9/30/2020
- Loan status
- Paid in full (1/31/2021)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Business age
- Change of Ownership
- Industry
- Coin-Operated Laundries and Drycleaners
If you were the buyer here
- Est. deal size
- $665K
- Est. down payment (10%)
- $67K
- Est. cash at closing
- $89K
- Monthly payment
- $6,352
- Annual debt service
- $76K
- Cash flow needed (1.25×)
- $95K
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 Village Bank · Lender record →
Your business? Claim this record · Request removal
- Spin City Laundry LLC in Waseca, MN — $288K (2020) · purchase · BANKWEST
- Program
- 7a General
- Rate at approval
- 6% variable
- Term
- 180 mo (15 yrs)
- SBA guaranteed
- $216K (75%)
- Approval → funding
- 30 days
- Approved
- 1/30/2020
- First disbursed
- 2/29/2020
- Loan status
- Paid in full (12/31/2023)
- 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
- $320K
- Est. down payment (10%)
- $32K
- Est. cash at closing
- $43K
- Monthly payment
- $2,432
- Annual debt service
- $29K
- Cash flow needed (1.25×)
- $36K
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 BANKWEST
Your business? Claim this record · Request removal
Financing a coin-operated laundries and drycleaners deal in Minnesota? 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 Minnesota project address.
Agent summary
How to finance a coin-operated laundries and drycleaners acquisition in Minnesota with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Minnesota deals. Frandsen Bank and Trust funds the most here. DealRoom is not a lender.
- $886K typical loan
- 8 lenders active in Minnesota
- 14+ funded Minnesota deals
- 11 days typical to fund
Buyers buying a coin-operated laundries and drycleaners in Minnesota 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 2026-06-16.