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FRANCHISE BRAND· Coin-Operated Laundries and Drycleaners

SBA loans for Speed Queen

2 SBA loans have financed Speed Queen locations since 2023, written by 2 different lenders across 2 states. Half were approved for $1.7M or less, the mix is almost entirely 7(a), and 50% went to owners whose business was under two years old.

Rank lenders for my deal
SBA loans
2
2 in last 5 yrs
Median approval
$1.7M
90th pct $2.4M
Total approved
$3.4M
all years
To new owners
50%
1 loans
Lenders
2
2 states

The lenders that fund Speed Queen

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
Northbrook, IL
Speed Queen loans
1
In last 5 yrs
1
Typical loan
$2.6M
To new owners
100%
Last approval
Feb 2025
2
Clayton, MO
Speed Queen loans
1
In last 5 yrs
1
Typical loan
$855K
To new owners
0%
Last approval
Mar 2023