Main Street Registry

The Laundry Depot - Rockport

Rockport, TX · Coin-Operated Laundries and Drycleaners · NAICS 812310

The Laundry Depot - Rockport is a coin-operated laundry and drycleaner located in Rockport, Texas. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,078,200, approved by Mission Valley Bank with an approval date of May 13, 2026.

SBA 7(a) loan, change of ownership, approved May 13, 2026

$1,078,200 approvedLender: Mission Valley Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,078,200
SBA-guaranteed amount
$808,650 (75% of the approval)
Lender
Mission Valley Bank, Sun Valley, 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
May 13, 2051 (estimated, approval date plus term)
Estimated monthly payment
$8,144 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 22, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
812310, Coin-Operated Laundries and Drycleaners
Project location
Aransas County, TX
SBA district office
Lower Rio Grande Valley District Office
Congressional district
TX-27
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 53% 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 Texas: $1,944,682.

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 Texas