Main Street Registry

Family Wash Day

Baltimore, MD · Drycleaning and Laundry Services (except Coin-Operated) · NAICS 812320

Family Wash Day is a drycleaning and laundry services business (except coin-operated) located in Baltimore, Maryland. The company was financed with an SBA 7(a) loan for a change of ownership of $2.78 million, approved on January 27, 2026 by Hanmi Bank.

SBA 7(a) loan, change of ownership, approved Jan 27, 2026

$2,780,000 approvedLender: Hanmi Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,780,000
SBA-guaranteed amount
$2,085,000 (75% of the approval)
Lender
Hanmi Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
January 27, 2051 (estimated, approval date plus term)
Estimated monthly payment
$20,998 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 18, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
812320, Drycleaning and Laundry Services (except Coin-Operated)
Project location
Baltimore County, MD
SBA district office
Baltimore District Office
Congressional district
MD-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 90% of acquisition loans in Drycleaning and Laundry Services (except Coin-Operated) on this site.
  • Average acquisition loan in Drycleaning and Laundry Services (except Coin-Operated): $1,281,569.
  • Average acquisition loan in Maryland: $1,627,337.

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 Maryland