Parks Fabricare Center DC
Parks Fabricare Center DC is a drycleaning and laundry services business (except coin-operated) located in Washington, DC. It was financed with an SBA 7(a) loan for a change of ownership of $590,000, approved on September 10, 2026, by lender Centerstone SBA Lending, Inc.
SBA 7(a) loan, change of ownership, approved Sep 10, 2026
$590,000 approvedLender: Centerstone SBA Lending, Inc.10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $590,000
- SBA-guaranteed amount
- $442,500 (75% of the approval)
- Lender
- Centerstone SBA Lending, Inc., Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 10, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $7,394 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
- 812320, Drycleaning and Laundry Services (except Coin-Operated)
- Project location
- District of Columbia County, DC
- SBA district office
- Washington District Office
- Congressional district
- DC-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 24% 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 District of Columbia: $1,591,564.
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 District of Columbia
- Anthony's Inc, Washington
- JD Cleaners Inc., Washington