VIRGINIA · NAICS 812310
Virginia laundromat deals are cash-flow-underwritten, with lenders requiring utilization analysis where operating history is thin. Hampton Roads' renter-dense military submarkets carry some of the strongest laundromat economics in the mid-Atlantic, and studies model turns per machine, demographics, and competitor density in a one mile trade area.
FEASIBILITY TRIGGER
Cash-flow-underwritten deals where lenders require utilization analysis when history is thin.
Virginia generated 22 SBA-disbursed laundromat loans between FY2010 and FY2026, worth $17.3 million in approved 7(a) and 504 financing at an average of $786,000 per deal. Ranked #25 of 38 states for laundromat SBA volume, the state captures 1.0% of national laundromat dollars. 95.5% of the loans ran through 7(a) with 504 covering the remainder; 6 approvals have posted since FY2024.
| Disbursed loans (FY2010–FY2026) | 22 |
| Approved volume | $17.3 million |
| Average loan size | $786,000 |
| 7(a) share | 95.5% |
| Approvals since FY2024 | 6 |
| State rank by loan count | #25 of 38 |
The state-level seasoned cohort in this segment is below our publication threshold of 30 loans, so no state rate is shown. Nationally, seasoned laundromat loans (approvals FY2010–FY2021) show an adverse-resolution rate of 4.0%, against 7.3% across all industries.
Source: SBA 7(a) and 504 FOIA loan-level data, as of March 31, 2026. Disbursed loans only. See data methodology.
An adverse-resolution rate of 4.0%, close to the national laundromat benchmark of 4.0%, puts Virginia deals in this class on ordinary SBA credit footing. Across 22 loans averaging $786,000, the underwriting question is deal-specific: a rigorous third-party feasibility study is where documented demand and stressed coverage decide the credit outcome.
Every Virginia 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.
Virginia 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, decisive in Northern Virginia and Hampton Roads land markets. 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.
Hampton Roads' renter-dense military 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: Texas, Washington.
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