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Namo Yuvabhyo Dry Cleaners LLC

Wylie, TX · Drycleaning and Laundry Services (except Coin-Operated) · NAICS 812320

Namo Yuvabhyo Dry Cleaners LLC is a drycleaning and laundry services business (except coin-operated) located in Wylie, TX. The company was financed with an SBA 7(a) loan for a change of ownership totaling $1.71 million, approved on July 23, 2024 by VelocitySBA, LLC.

SBA 7(a) loan, change of ownership, approved Jul 23, 2024

$1,710,000 approvedLender: VelocitySBA, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,710,000
SBA-guaranteed amount
$1,282,500 (75% of the approval)
Lender
VelocitySBA, LLC, Irving, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
25 years (300 months)
Estimated maturity
July 23, 2049 (estimated, approval date plus term)
Estimated monthly payment
$16,760 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
812320, Drycleaning and Laundry Services (except Coin-Operated)
Project location
Collin County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 72% 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 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