Main Street Registry

J&M Dry Cleaners

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

J&M Dry Cleaners is a drycleaning and laundry services business located in Baltimore, Maryland, classified under NAICS code 812320. The business was financed with an SBA 7(a) loan for a change of ownership totaling $542,700, approved by Pathward National Association with an approval date of July 2, 2026.

SBA 7(a) loan, change of ownership, approved Jul 2, 2026

$542,700 approvedLender: Pathward National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$542,700
SBA-guaranteed amount
$407,025 (75% of the approval)
Lender
Pathward National Association, Sioux Falls, SD
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
July 2, 2036 (estimated, approval date plus term)
Estimated monthly payment
$7,022 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 13, 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 City County, MD
SBA district office
Baltimore District Office
Congressional district
MD-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 17% 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