WASHINGTON · NAICS 812310
Washington laundromat projects pencil across the renter-dense Seattle urban submarkets and the south Sound 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.
From FY2010 through FY2026, Washington recorded 25 SBA-disbursed laundromat loans across the 7(a) and 504 programs, representing $16.5 million in approved financing at an average loan size of $661,000. The state sits at rank #21 of 38 for laundromat SBA lending volume and holds 1.0% of the national laundromat dollar pool. 7(a) accounts for 88.0% of the count, 504 for the rest, with 4 fresh approvals dated FY2024 or later.
| Disbursed loans (FY2010–FY2026) | 25 |
| Approved volume | $16.5 million |
| Average loan size | $661,000 |
| 7(a) share | 88.0% |
| Approvals since FY2024 | 4 |
| State rank by loan count | #21 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 Washington deals in this class on ordinary SBA credit footing. Across 25 loans averaging $661,000, the underwriting question is deal-specific: a rigorous third-party feasibility study is where documented demand and stressed coverage decide the credit outcome.
Every Washington 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.
Washington 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, decisive in a Puget Sound market where land costs run high. 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.
Seattle's renter-dense urban submarkets carry some of the strongest laundromat economics on the West Coast.
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: Virginia, West Virginia, Texas.
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