Lender intelligence
Financing a coin-operated laundries and drycleaners acquisition in Rhode Island
The SBA 7(a) lenders funding the most coin-operated laundries and drycleaners acquisitions in Rhode Island, 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 · Rhode Island
Ranked by funded coin-operated laundries and drycleaners acquisitions in Rhode Island. Tap a lender for its full record, or hit Get in touch for an introduction.
- 1.4 loans · $1M · Hamden, CTFull record →
- 2.35 loans · $33M · Providence, RIFull record →
2+ funded Coin-Operated Laundries and Drycleaners in Rhode Island 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.
- New Star Laundromat LLC in Coventry, RI — $165K (2021) · purchase · Community Investment Corporation
- Program
- Community Advantage Initiative
- Subprogram
- Community Advantage Initiative
- Rate at approval
- 7% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $149K (90%)
- Approval → funding
- 21 days
- Approved
- 4/9/2021
- First disbursed
- 4/30/2021
- 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
- $183K
- Est. down payment (10%)
- $18K
- Est. cash at closing
- $25K
- Monthly payment
- $1,916
- Annual debt service
- $23K
- Cash flow needed (1.25×)
- $29K
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 Community Investment Corporation · Lender record →
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- Liu's Laundromat LLC in Cranston, RI — $185K (2020) · purchase · Citizens Bank, National Association
- Program
- Preferred Lenders Program
- Rate at approval
- 7.25% fixed
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $139K (75%)
- Approval → funding
- 155 days
- Approved
- 2/27/2020
- First disbursed
- 7/31/2020
- Loan status
- Paid in full (9/30/2025)
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 3
- Business age
- Change of Ownership
- Industry
- Coin-Operated Laundries and Drycleaners
If you were the buyer here
- Est. deal size
- $206K
- Est. down payment (10%)
- $21K
- Est. cash at closing
- $27K
- Monthly payment
- $2,172
- Annual debt service
- $26K
- Cash flow needed (1.25×)
- $33K
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 Citizens Bank, National Association · Lender record →
Your business? Claim this record · Request removal
Financing a coin-operated laundries and drycleaners deal in Rhode Island? 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 Rhode Island project address.
Agent summary
How to finance a coin-operated laundries and drycleaners acquisition in Rhode Island with an SBA 7(a) loan: the lenders that fund the most of them here (from public records), with the real funded Rhode Island deals. Community Investment Corporation funds the most here. DealRoom is not a lender.
- $886K typical loan
- 2 lenders active in Rhode Island
- 2+ funded Rhode Island deals
- 155 days typical to fund
Buyers buying a coin-operated laundries and drycleaners in Rhode Island 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.