NEW YORK · NAICS 812310
New York laundromat projects pencil against dense outer-borough and upstate urban submarkets with some of the strongest unit economics in the country. Studies translate machine count, turn rate, wash-dry-fold capture, and route economics into defensible projections, and resolve utility and equipment cost against the local rent structure.
FEASIBILITY TRIGGER
Cash-flow-underwritten deals where lenders require utilization analysis when operating history is thin.
Between FY2010 and FY2026, SBA lenders approved and disbursed 277 7(a) and 504 loans for laundromat projects in New York, totaling $157.3 million in approved financing at an average of $568,000 per loan. New York ranks #2 of 38 states tracked for laundromat SBA lending volume and accounts for 9.3% of national laundromat SBA dollar volume. 94.6% of these loans were made under the 7(a) program, the remainder under 504. 29 loans have been approved since FY2024.
| Disbursed loans (FY2010–FY2026) | 277 |
| Approved volume | $157.3 million |
| Average loan size | $568,000 |
| 7(a) share | 94.6% |
| Approvals since FY2024 | 29 |
| State rank by loan count | #2 of 38 |
Among the 229 seasoned loans in this segment (approvals FY2010–FY2021), 5.2% 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 above the national benchmark for this asset class, which is a factor lenders weigh in their credit decision.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
A 5.2% adverse-resolution rate against the national laundromat benchmark of 4.0% tells credit committees to scrutinize revenue projections and coverage assumptions closely on New York deals in this class. A rigorous third-party feasibility study — built on documented demand, defensible pricing, and stressed coverage — carries meaningful weight in that underwriting conversation, particularly at an average loan size of $568,000 across 277 loans.
Every New York 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.
New York projects often fit SBA 504 where owner-occupied real estate anchors the deal, with the 50/40/10 structure delivering up to 90 percent financing at a fixed debenture rate, while 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.
Dense outer-borough and upstate urban submarkets carry some of the strongest laundromat economics in the country.
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: New Mexico, North Carolina, Texas.
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