Best SBA 7(a) lenders for coin-operated laundries and drycleaners
NAICS 812310 — Coin-Operated Laundries and Drycleaners.
1,040 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $798.6M.
Loans
1,040
Total $
$798.6M
Avg loan
$768K
Avg rate
7.81%
Avg term
167 mo
Industry chg-off rate
1.09%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 44 | $13.3M | $302K | 8.18% | 0.00% |
| 2 | Bank of Hope | 42 | $39.2M | $935K | 6.45% | 0.00% |
| 3 | Readycap Lending, LLC | 33 | $59.0M | $1.8M | 8.48% | 0.00% |
| 4 | Hanmi Bank | 30 | $28.7M | $955K | 7.22% | 0.00% |
| 5 | Manufacturers and Traders Trust Company | 30 | $7.5M | $250K | 10.52% | 0.00% |
| 6 | TD Bank, National Association | 28 | $4.5M | $159K | 10.20% | 6.67% |
| 7 | New Millennium Bank | 20 | $22.1M | $1.1M | 5.89% | 0.00% |
| 8 | Wells Fargo Bank National Association | 20 | $11.7M | $587K | 8.00% | 13.33% |
| 9 | Metro City Bank | 20 | $28.6M | $1.4M | 6.44% | 0.00% |
| 10 | Newtek Bank, National Association | 19 | $11.0M | $578K | 11.08% | 0.00% |
| 11 | Commonwealth Business Bank | 19 | $23.5M | $1.2M | 5.80% | 0.00% |
| 12 | U.S. Bank, National Association | 17 | $8.8M | $517K | 7.76% | 0.00% |
| 13 | Citizens Bank | 16 | $15.3M | $957K | 7.39% | 0.00% |
| 14 | KeyBank National Association | 14 | $4.4M | $313K | 8.48% | 0.00% |
| 15 | PCB Bank | 14 | $16.0M | $1.1M | 7.07% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 812310. Charge-off rates are calculated on the FY2020–FY2023 cohort only.