Main Street Registry

Squeaky Klean & Konvenient Laundromat LLC

Baltimore, MD · Drycleaning and Laundry Services (except Coin-Operated) · NAICS 812320

Squeaky Klean & Konvenient Laundromat LLC is a drycleaning and laundry services business in Baltimore, Maryland, classified under NAICS 812320 (Drycleaning and Laundry Services, except Coin-Operated). The company was financed with an SBA 7(a) loan for a change of ownership, totaling $1,326,600, approved by Citizens Bank on May 10, 2024.

SBA 7(a) loan, change of ownership, approved May 10, 2024

$1,326,600 approvedLender: Citizens Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,326,600
SBA-guaranteed amount
$994,950 (75% of the approval)
Lender
Citizens Bank, Elizabethton, TN
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
May 10, 2049 (estimated, approval date plus term)
Estimated monthly payment
$12,526 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 10, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
812320, Drycleaning and Laundry Services (except Coin-Operated)
Project location
Baltimore City County, MD
SBA district office
Baltimore District Office
Congressional district
MD-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 69% 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 Maryland: $1,627,337.

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 Maryland