Truman Washworks, LLC
Truman Washworks, LLC, located in Independence, Missouri, operates in the coin-operated laundries and drycleaners industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $828,000, approved on February 17, 2026, through VelocitySBA, LLC.
SBA 7(a) loan, change of ownership, approved Feb 17, 2026
$828,000 approvedLender: VelocitySBA, LLC25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $828,000
- SBA-guaranteed amount
- $621,000 (75% of the approval)
- Lender
- VelocitySBA, LLC, Irving, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- February 17, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $6,949 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 6, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 812310, Coin-Operated Laundries and Drycleaners
- Project location
- Jackson County, MO
- SBA district office
- Kansas City District Office
- Congressional district
- MO-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 40% of acquisition loans in Coin-Operated Laundries and Drycleaners on this site.
- Average acquisition loan in Coin-Operated Laundries and Drycleaners: $1,337,074.
- Average acquisition loan in Missouri: $1,584,414.
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 Missouri
- Ever Fresh Equity LLC, Kansas City