Belleville Laundromat LLC
Belleville Laundromat LLC is located in Belleville, New Jersey, and operates in the coin-operated laundries and drycleaners industry (NAICS 812310). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,531,000, approved by VelocitySBA, LLC on January 23, 2026.
SBA 7(a) loan, change of ownership, approved Jan 23, 2026
$1,531,000 approvedLender: VelocitySBA, LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,531,000
- SBA-guaranteed amount
- $1,148,250 (75% of the approval)
- Lender
- VelocitySBA, LLC, Irving, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 23, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $20,021 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Essex County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 74% of acquisition loans in Coin-Operated Laundries and Drycleaners on this site.
- Average acquisition loan in Coin-Operated Laundries and Drycleaners: $1,337,074.
- Average acquisition loan in New Jersey: $1,626,307.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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