Tap to get financing
SBA 504 Loans
SBA 504 Loans
Loan usesRequirementsDown paymentsRates and costsCalculatorApplication processCompare SBA loansSBA 504 RefinancingApplication ChecklistClosing ChecklistLoan AssumptionFrequently Asked Questions
Requirements Application process
Resources
Commercial Property InsuranceBlogLoan Calculator
For Brokers
About
About usContact us
(561) 559-5535
Get financing →
Close sba504.loans is an independently owned and operated website and has no government affiliation. We are not the Small Business Administration and are not a lender. If you are trying to reach the SBA click here to be redirected.
Newly Published
Sep 29 at SBA 504 Loans
SBA 504 Loans for Preschools and Daycare Centers
May 11 at SBA 504 Loans
The Top 5 Business Types Taking SBA 504 Loans in 2023
Aug 26 at SBA 504 Loans
What Is SBA Form 159?
Explore the Janover Network
May 26 at HUD Loans
Construction Lender Red Flags: When to Walk Away
May 23 at HUD Loans
Top Questions to Ask Your Construction Lender Early On
May 21 at HUD Loans
How Construction Draw Processes Vary by Lender
Was This Article Helpful?
SBA 504 Loan Guide
1 min read

SBA 504 Loans for Laundromats and Dry Cleaners

Dry cleaners and laundromats, while less in demand today than in previous decades, are still vital parts of the economy. The laundromat segment is expected to generate $5 billion in revenue in 2018, and dry cleaners are expected to earn around $9 billion during the same period.

Start Your Application and Unlock the Power of Choice Experience expert guidance, competitive options, and unparalleled industry expertise.
Click Here to Get Quotes →
$5.6M offered by a Bank$1.2M offered by a Bank$2M offered by an Agency$1.4M offered by a Credit UnionClick Here to Get Quotes!

Can Dry Cleaners and Laundromats Benefit from SBA 504 Loans?

Dry cleaners and laundromats, while less in demand today than in previous decades, are still vital parts of the economy. The laundromat segment is expected to generate $5 billion in revenue in 2018, and dry cleaners are expected to earn around $9 billion during the same period.

Both of these represent savvy business opportunities in the right market. For business owners seeking to get started, an SBA 504 loan might be a great solution. With this type of loan, you can purchase the real estate to construct a new facility and even build the facility itself. You can also renovate, improve, or retrofit and existing facility, and use the funds to pay for equipment.

For both dry cleaners and laundromats, equipment represents one of the most significant costs. Washers and dryers can cost over $1,000 each depending on the quality. Dry cleaning equipment, such as press machines and steam boilers can cost tens of thousands of dollars each.

We’re here to help you get the commercial financing you need. Simply fill out the form below for a risk-free consultation and a free SBA loan quote!

Related Questions

What are the eligibility requirements for SBA 504 loans for laundromats and dry cleaners?

The eligibility requirements for SBA 504 loans for laundromats and dry cleaners are as follows:

  • The business must be a for-profit, operating small business.
  • The business must occupy at least 51% of the project’s total square footage.
  • The business must have a tangible net worth of less than $15 million and an average net income of less than $5 million after taxes for the preceding two years.
  • The business must be able to demonstrate the ability to repay the loan.

For more information on SBA 504 loans, please visit https://sba504.loans.

What are the benefits of SBA 504 loans for laundromats and dry cleaners?

SBA 504 loans offer a number of benefits for laundromats and dry cleaners. These loans can be used to purchase the real estate to construct a new facility, build the facility itself, renovate, improve, or retrofit an existing facility, and pay for equipment. Equipment is one of the most significant costs for both dry cleaners and laundromats, and SBA 504 loans can help cover these costs.

SBA 7(a) loans can also be great for laundry delivery services. These loans can help you start a laundry delivery service or expand your current laundry company into the laundry delivery business.

What are the maximum loan amounts for SBA 504 loans for laundromats and dry cleaners?

The maximum loan amount for SBA 504 loans for laundromats and dry cleaners is $5 million. This loan can be used to purchase the real estate to construct a new facility, build the facility itself, renovate, improve, or retrofit an existing facility, and pay for equipment. Source

What are the interest rates for SBA 504 loans for laundromats and dry cleaners?

The interest rate for SBA 504 loans for laundromats and dry cleaners is typically fixed for the life of the loan and ranges from 4.5% to 5.5%. The rate is determined by the market and is based on the 5- and 10-year U.S. Treasury rates at the time of loan closing. The rate is also affected by the size of the loan and the term of the loan.

For more information, please visit SBA 504 Loans for Laundromats and Dry Cleaners.

What documents are required to apply for SBA 504 loans for laundromats and dry cleaners?

To apply for an SBA 504 loan for laundromats and dry cleaners, you will need to provide the following documents:

  • Business plan
  • Personal financial statement
  • Business tax returns
  • Business financial statements
  • Business licenses and permits
  • Lease or purchase agreement for the property
  • Cost estimates for the project
  • Resumes of key personnel

For more information, please visit SBA 504 Loans for Laundromats and Dry Cleaners.

In this article:
  1. Can Dry Cleaners and Laundromats Benefit from SBA 504 Loans?
  2. Related Questions
  3. Get Financing
Tags
  • SBA 504 Loan
  • SBA 504 Loans
  • SBA 504 Loans for Laundromats and Dry Cleaners

Getting a small business loan should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

Get financing →

Janover: Your Partner in Growth

At Janover, we offer a wide range of services tailored to your unique needs. From commercial property loans and LP management to business loans and services for lenders, we're here to help you succeed.

Learn more about Janover →
Commercial Property Loans

Get the best CRE financing on the market.

Explore Financing Options →
LP Management

Syndicate deals on autopilot with Janover Connect.

Discover LP Management →
Business Loans

Match with the right kind of loan, in record time.

Find Business Loans →
For Lenders

Supercharge your loan pipeline. Unlock more deals.

Boost Your Loan Pipeline →
SBA 504 Loans

SBA 504 Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Commercial Real Estate Loans, SBA7a Loans, HUD Loans, Janover Insurance, Janover Pro, Janover Connect, and Janover Engage.

Janover Tech Inc.

6401 Congress Ave
Ste 250
Boca Raton FL 33487
(561) 559-5535 
[email protected]

Site Information

Privacy Policy
Terms of Use


For Commercial Mortgage Brokers

This website is owned by a company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We are a technology company that uses software and experience to bring lenders and borrowers together.

All users should perform their own due diligence and research. Nothing on this website is an offer or a solicitation for a loan. This website does not endorse or charge you for any service or product. None of the information on this site constitutes legal advice. We are not affiliated with the Small Business Administration (SBA). If you need to visit the SBA directly please click here: sba.gov

Click here for our Advertiser Disclosure.

This website utilizes artificial intelligence technologies to auto-generate responses, which have limitations in accuracy and appropriateness. Users should not rely upon AI-generated content for definitive advice and instead should confirm facts or consult professionals regarding any personal, legal, financial or other matters. The website owner is not responsible for damages allegedly arising from use of this website's AI.

Copyright © 2025 Janover Tech Inc. All rights reserved.

+

Fill out the form below and get the pricing and terms banks can't compete with.