PENNSYLVANIA · NAICS 812310
Pennsylvania laundromat projects pencil across the dense urban cores of Philadelphia and Pittsburgh and the mid-state corridor towns. Studies translate utilization, equipment mix, vend pricing, and route economics into projections, and reconcile build-out and utility costs against coverage where the cash-flow profile is the underwriting anchor.
FEASIBILITY TRIGGER
Laundromats are cash-flow-underwritten deals where lenders require utilization analysis when history is thin.
Between FY2010 and FY2026, SBA lenders approved and disbursed 76 7(a) and 504 loans for laundromat projects in Pennsylvania, totaling $31.4 million in approved financing at an average of $414,000 per loan. Pennsylvania ranks #11 of 38 states tracked for laundromat SBA lending volume and accounts for 1.8% of national laundromat SBA dollar volume. 92.1% of these loans were made under the 7(a) program, the remainder under 504. 20 loans have been approved since FY2024.
| Disbursed loans (FY2010–FY2026) | 76 |
| Approved volume | $31.4 million |
| Average loan size | $414,000 |
| 7(a) share | 92.1% |
| Approvals since FY2024 | 20 |
| State rank by loan count | #11 of 38 |
Among the 48 seasoned loans in this segment (approvals FY2010–FY2021), 6.2% 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 6.2% adverse-resolution rate against the national laundromat benchmark of 4.0% tells credit committees to scrutinize revenue projections and coverage assumptions closely on Pennsylvania 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 $414,000 across 76 loans.
Every Pennsylvania 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.
Pennsylvania 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, and PIDA's low-interest second-mortgage loans stack directly behind the 504. 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.
State-level program evidence runs through PIDA, where Classic Drycleaners and Laundromats in Carlisle drew a $200,000 energy-efficiency loan from the state second-mortgage program that stacks alongside SBA structures; the financing itself is a Pennsylvania state loan, not an SBA loan.
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: Oregon, Rhode Island, Texas.
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