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FRANCHISE BRAND· Drycleaning and Laundry Services (except Coin-Operated)

SBA loans for Lapels

32 SBA loans have financed Lapels locations since 2002, written by 16 different lenders across 11 states. Half were approved for $230K or less, the mix is almost entirely 7(a), and 66% went to owners whose business was under two years old.

Rank lenders for my deal
SBA loans
32
11 in last 5 yrs
Median approval
$230K
90th pct $511K
Total approved
$8.5M
all years
To new owners
66%
21 loans
Lenders
16
11 states

The lenders that fund Lapels

A lender that has already underwritten this brand knows the unit economics, the build-out costs, and the franchisor. That is worth more to you than a bigger bank starting from scratch.

1
Columbus, OH
Lapels loans
5
In last 5 yrs
4
Typical loan
$340K
To new owners
100%
Last approval
May 2025
2
Waltham, MA
Lapels loans
2
In last 5 yrs
2
Typical loan
$451K
To new owners
100%
Last approval
Jan 2025
3
Houma, LA
Lapels loans
2
In last 5 yrs
2
Typical loan
$144K
To new owners
100%
Last approval
Aug 2024
4
Omaha, NE
Lapels loans
1
In last 5 yrs
1
Typical loan
$500K
To new owners
100%
Last approval
Mar 2026
5
Buffalo, NY
Lapels loans
1
In last 5 yrs
1
Typical loan
$125K
To new owners
0%
Last approval
Feb 2025
6
Saint Petersburg, FL
Lapels loans
1
In last 5 yrs
1
Typical loan
$273K
To new owners
0%
Last approval
May 2022
7
Providence, RI
Lapels loans
4
In last 5 yrs
0
Typical loan
$43K
To new owners
0%
Last approval
Feb 2005
No approval for this brand in the last five years. Historical expertise, but confirm they still lend on it before you invest time.
8
Indianapolis, IN
Lapels loans
3
In last 5 yrs
0
Typical loan
$528K
To new owners
67%
Last approval
Dec 2018
No approval for this brand in the last five years. Historical expertise, but confirm they still lend on it before you invest time.
9
Wilmington, DE
Lapels loans
3
In last 5 yrs
0
Typical loan
$220K
To new owners
67%
Last approval
Apr 2010
No approval for this brand in the last five years. Historical expertise, but confirm they still lend on it before you invest time.
10
Los Angeles, CA
Lapels loans
2
In last 5 yrs
0
Typical loan
$230K
To new owners
0%
Last approval
May 2019
No approval for this brand in the last five years. Historical expertise, but confirm they still lend on it before you invest time.
11
Nashville, TN
Lapels loans
2
In last 5 yrs
0
Typical loan
$412K
To new owners
100%
Last approval
Feb 2019
No approval for this brand in the last five years. Historical expertise, but confirm they still lend on it before you invest time.
12
Brookline, MA
Lapels loans
2
In last 5 yrs
0
Typical loan
$33K
To new owners
100%
Last approval
Sep 2003
No approval for this brand in the last five years. Historical expertise, but confirm they still lend on it before you invest time.