BG Laundry Room
BG Laundry Room is located in Bowling Green, OH, and the SBA lists its industry as Coin-Operated Laundries and Drycleaners. It was approved for an SBA 7(a) loan of $774,000 for a change of ownership on July 23, 2025.
SBA 7(a) loan, change of ownership, approved Jul 23, 2025
- Gross approval
- $774,000
- SBA-guaranteed amount
- $580,500 (75% of the approval)
- Lender
- United FCU, Saint Joseph, MI
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 23, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $9,910 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 9, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Wood County, OH
- SBA district office
- Columbus District Office
- Congressional district
- OH-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 34% 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 Ohio: $1,840,340.
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.
Is this your company? Claim or correct this listing. See Corrections.