Main Street Registry

Cozy Laundry Lounge Allegany Inc

Philadelphia, PA · Coin-Operated Laundries and Drycleaners · NAICS 812310

Cozy Laundry Lounge Allegany Inc is a coin-operated laundry and drycleaner located in Philadelphia, PA, classified under NAICS 812310. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $550,000, approved by PromiseOne Bank on August 28, 2025.

SBA 7(a) loan, change of ownership, approved Aug 28, 2025

$550,000 approvedLender: PromiseOne Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$550,000
SBA-guaranteed amount
$412,500 (75% of the approval)
Lender
PromiseOne Bank, Duluth, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
August 28, 2035 (estimated, approval date plus term)
Estimated monthly payment
$6,967 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 26, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
812310, Coin-Operated Laundries and Drycleaners
Project location
Philadelphia County, PA
SBA district office
Philadelphia District Office
Congressional district
PA-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 12% 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 Pennsylvania: $1,636,965.

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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Same industry in Pennsylvania