Main Street Registry

Prestige Worldwide Laundry LLC

Pittsburgh, PA · Coin-Operated Laundries and Drycleaners · NAICS 812310

Prestige Worldwide Laundry LLC is a coin-operated laundry and drycleaner located in Pittsburgh, Pennsylvania, in the NAICS 812310 industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $500,000, approved on September 27, 2024, through Enterprise Bank.

SBA 7(a) loan, change of ownership, approved Sep 27, 2024

$500,000 approvedLender: Enterprise Bank20 years termStatus not reported (SBA exemption)Loan details
Gross approval
$500,000
SBA-guaranteed amount
$375,000 (75% of the approval)
Lender
Enterprise Bank, Allison Park, PA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
20 years (240 months)
Estimated maturity
September 27, 2044 (estimated, approval date plus term)
Estimated monthly payment
$4,339 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 22, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
812310, Coin-Operated Laundries and Drycleaners
Project location
Allegheny County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-14
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Average acquisition loan in Coin-Operated Laundries and Drycleaners: $1,337,074.
  • Average acquisition loan in Pennsylvania: $1,636,965.

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 Pennsylvania