Main Street Registry

Wishy Washy Laundromat

Los Angeles, CA · Coin-Operated Laundries and Drycleaners · NAICS 812310

Wishy Washy Laundromat in Los Angeles, California operates in the coin-operated laundries and drycleaners industry (NAICS 812310). The business was financed with an SBA 7(a) loan for a change of ownership of $1,648,000 from US Metro Bank, with approval dated May 4, 2026.

SBA 7(a) loan, change of ownership, approved May 4, 2026

$1,648,000 approvedLender: US Metro Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,648,000
SBA-guaranteed amount
$1,236,000 (75% of the approval)
Lender
US Metro Bank, Garden Grove, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
May 4, 2051 (estimated, approval date plus term)
Estimated monthly payment
$12,448 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 13, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
812310, Coin-Operated Laundries and Drycleaners
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-37
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 77% 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 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