OHIO · NAICS 812310
Ohio laundromat projects pencil on neighborhood trade-area demand, utilization, equipment counts, and utility costs across the Three-C metros and the smaller industrial cities. Studies translate household density, renter share, and operating hours into projections that lenders can stress-test against ramp.
FEASIBILITY TRIGGER
Cash-flow-underwritten deals where lenders require utilization analysis when history is thin.
SBA 7(a) and 504 lenders funded 95 laundromat projects across Ohio between FY2010 and FY2026, moving $29.8 million in approved capital at an average ticket of $314,000. That volume places Ohio at #6 of 38 states measured for laundromat SBA activity, or 1.8% of national laundromat dollars. The 7(a) program carried 88.4% of the loan count, with 504 taking the balance, and 11 approvals have hit the pipeline since FY2024.
| Disbursed loans (FY2010–FY2026) | 95 |
| Approved volume | $29.8 million |
| Average loan size | $314,000 |
| 7(a) share | 88.4% |
| Approvals since FY2024 | 11 |
| State rank by loan count | #6 of 38 |
Among the 70 seasoned loans in this segment (approvals FY2010–FY2021), 2.9% 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 2.9% adverse-resolution rate below the national laundromat benchmark of 4.0% supports the credit story for well-underwritten Ohio projects in this class. Across 95 SBA loans averaging $314,000, 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 Ohio 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.
Ohio projects most 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. SBA 7(a) covers acquisitions, working capital, and equipment, and from July 4, 2026 eligible borrowers can combine 7(a) and 504 for up to $10 million in total program credit.
Renter-heavy neighborhoods in Cleveland, Toledo, Akron, and Youngstown anchor demand, with equipment-led packages routine in the program record.
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: North Carolina, Oregon, Texas.
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