CRDN of Oklahoma and American Cleaners
CRDN of Oklahoma and American Cleaners is a drycleaning and laundry services business in Oklahoma City, OK, in the drycleaning and laundry services (except coin-operated) industry. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,223,000, approved on July 25, 2025, through Frontier State Bank and Rural Enterprises of Oklahoma, Inc.
SBA 504 loan, approved Jul 25, 2025
$1,223,000 SBA portionCDC: Rural Enterprises of Oklahoma, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,223,000
- Bank portion
- $1,487,500
- Estimated project size
- $3,011,667 (estimated)
- Estimated owner equity
- $301,167 (estimated, about 10% of the project)
- Bank lender
- Frontier State Bank, Oklahoma City, OK
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- July 25, 2050 (estimated, approval date plus term)
- First disbursement
- Feb 11, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 812320, Drycleaning and Laundry Services (except Coin-Operated)
- Franchise
- CRDN
- Project location
- Oklahoma County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-5
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 30% of expansion loans in Drycleaning and Laundry Services (except Coin-Operated) on this site.
- Average expansion loan in Drycleaning and Laundry Services (except Coin-Operated): $1,815,300.
- Average expansion loan in Oklahoma: $1,929,167.
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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