Kumo Fresh NY Inc.
Kumo Fresh NY Inc. is a coin-operated laundry and drycleaner located in West Hempstead, New York. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $550,000, approved on June 22, 2026 by New Millennium Bank.
SBA 7(a) loan, change of ownership, approved Jun 22, 2026
$550,000 approvedLender: New Millennium Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $550,000
- SBA-guaranteed amount
- $412,500 (75% of the approval)
- Lender
- New Millennium Bank, Fort Lee, NJ
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 22, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $6,673 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Nassau County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-03
- 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 New York: $1,771,512.
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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