Main Street Registry

Newport Beach Dry Cleaners

Corona Del Mar, CA · Drycleaning and Laundry Services (except Coin-Operated) · NAICS 812320

Newport Beach Dry Cleaners is a drycleaning and laundry services business (except coin-operated) located in Corona Del Mar, California. It was financed with an SBA 7(a) loan for a change of ownership of $676,000, approved by Preferred Bank on April 23, 2025.

SBA 7(a) loan, change of ownership, approved Apr 23, 2025

$676,000 approvedLender: Preferred Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$676,000
SBA-guaranteed amount
$507,000 (75% of the approval)
Lender
Preferred Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
10 years (120 months)
Estimated maturity
April 23, 2035 (estimated, approval date plus term)
Estimated monthly payment
$8,563 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 2, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
812320, Drycleaning and Laundry Services (except Coin-Operated)
Project location
Orange County, CA
SBA district office
Santa Ana District Office
Congressional district
CA-48
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 38% 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 California: $1,688,228.

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 California