Drycleaning and Laundry Services acquisitions in Arizona: SBA loan data
Since FY2018, SBA lenders have approved 13 7(a) loans to buy an existing business classified as Drycleaning and Laundry Services in Arizona, totaling $5.9M. The median loan was $363,000. That is 1.2% of the 1,095 acquisition loans in Arizona.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median Drycleaning and Laundry Services loan in Arizona is 53% lower than the $770,000 median for all Arizona acquisitions, and in line with the $374,000 median for Drycleaning and Laundry Services acquisitions nationwide (368 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 8.3% of seasoned Drycleaning and Laundry Services acquisition loans were charged off, and 3.5% of seasoned Arizona acquisition loans of any type.
Drycleaning and Laundry Services acquisition loans in Arizona by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $388K | $388,000 | |
| FY2019 | 5 | $2.4M | $363,000 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 2 | $1.5M | $770,500 | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 2 | $447K | $223,500 | |
| FY2025 | 1 | $474K | $473,600 | |
| FY2026 | 2 | $639K | $319,500 |
How often do these acquisition loans fail?
Fewer than 20 Drycleaning and Laundry Services in Arizona acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Midwest Regional Bank | 4 | 30.8% | $1.6M | |
| 2 | St. Louis Bank | 1 | 7.7% | $1.2M | |
| 3 | First Merchants Bank | 1 | 7.7% | $807K | |
| 4 | Readycap Lending, LLC | 1 | 7.7% | $474K | |
| 5 | The Bancorp Bank National Association | 1 | 7.7% | $405K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | CRDN | 1 | 7.7% | $1.2M | |
| 2 | Martinizing Cleaners | 1 | 7.7% | $388K |
The purchase agreement decides what you bought, not the loan approval.
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Questions buyers ask
How much do SBA loans for Drycleaning and Laundry Services acquisitions in Arizona run?
The median SBA 7(a) loan was $363,000 across 13 loans (FY2018 to FY2026). The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Drycleaning and Laundry Services acquisitions in Arizona?
Midwest Regional Bank (4), St. Louis Bank (1), First Merchants Bank (1), Readycap Lending, LLC (1), The Bancorp Bank National Association (1).
How often do Drycleaning and Laundry Services acquisition loans fail in Arizona?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Drycleaning and Laundry Services acquisitions in Arizona?
2 of the 13 loans (15%) involved a franchise brand, most often CRDN (1).
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All Arizona acquisitions
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Small samples move a lot: each loan in this combination is 8% of the count. Industry is the NAICS code the lender recorded. See the methodology.