MARYLAND · NAICS 812310
Maryland laundromat deals run through Baltimore's renter-dense urban submarkets, which carry some of the strongest laundromat economics in the mid-Atlantic. Lenders require utilization analysis when operating history is thin, with study work centered on trade-area demand and competitive density.
FEASIBILITY TRIGGER
Cash-flow-underwritten deals where lenders require utilization analysis when history is thin.
Between FY2010 and FY2026, SBA lenders approved and disbursed 46 7(a) and 504 loans for laundromat projects in Maryland, totaling $39.2 million in approved financing at an average of $852,000 per loan. Maryland ranks #15 of 38 states tracked for laundromat SBA lending volume and accounts for 2.3% of national laundromat SBA dollar volume. 80.4% of these loans were made under the 7(a) program, the remainder under 504. 6 loans have been approved since FY2024.
| Disbursed loans (FY2010–FY2026) | 46 |
| Approved volume | $39.2 million |
| Average loan size | $852,000 |
| 7(a) share | 80.4% |
| Approvals since FY2024 | 6 |
| State rank by loan count | #15 of 38 |
Among the 36 seasoned loans in this segment (approvals FY2010–FY2021), 2.8% reached adverse resolution — purchased, liquidated, or charged off. The national benchmark for laundromat is 4.0%, against 7.3% across all industries. That performance runs below the national benchmark for this asset class, a credit-positive signal for lenders.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 2.8% adverse-resolution rate below the national laundromat benchmark of 4.0% supports the credit story for well-underwritten Maryland projects in this class. Across 46 SBA loans averaging $852,000, that track record does not eliminate the need for a third-party feasibility study, but it means a rigorous study reinforces rather than defends the projections.
Every Maryland laundromats project we underwrite follows the same lender ready process: independent market analysis, site and technical review, and financial projections tested against SBA SOP 50 10 8 standards. Our SBA feasibility study consultants guide explains scope, timing, deliverables, and what lenders and CDCs expect in the report.
Maryland projects often pencil under SBA 504 because the 50/40/10 structure delivers up to 90 percent financing on owner-occupied real estate at a fixed debenture rate, and SBA 7(a) covers acquisitions, working capital, and equipment. From July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
Baltimore's renter-dense urban submarkets carry some of the strongest laundromat economics in the mid-Atlantic.
For a national view of this asset class, see our laundromat SBA feasibility overview, and read our related analysis in the laundromat lending research on our blog.
Compare neighboring markets: Maine, Massachusetts, Texas.
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