SBA lending record
AB Simmons Incorporated
20980 LIBBY RD, Maple Heights, OH 44137 · Coin-Operated Laundries and Drycleaners. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$710K
Total SBA financing
1
Loan on record
FY2024
On record
2
Jobs supported
Franchise brand
WaveMAX Laundry
See WaveMAX Laundry's SBA financing data — typical deal, failure rate, and how its loans perform →
● business — business location is the ZIP-area centroid from the public record
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The loan
$710,000 — FY2024
- Gross approval
- $710,000
- SBA guaranteed
- $532,500 (75%)
- Status
- Current
- Rate at approval
- 8.57% f
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 4/10/2024
- First disbursement
- 4/24/2024
- Days to fund
- 14 days
- Collateral
- Required
- Jobs supported
- 2
- Business type
- Corporation
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Coin-Operated Laundries and Drycleaners
- NAICS code
- 812310
- Franchise
- WaveMAX Laundry
- Franchise code
- S2407
- Lender
- Fifth Third Bank
- Address
- 20980 LIBBY RD
- City
- Maple Heights, 44137
- County
- Cuyahoga
- SBA district office
- CLEVELAND DISTRICT OFFICE
- Congressional district
- 11
The lender
Find SBA lenders for businesses like this
The banks most active funding coin-operated laundries and drycleaners — by location, industry, and brand.
Other WaveMAX Laundry locations
Other WaveMAX Laundry businesses in the public SBA record — closest first, by location and deal size.
Ekdanta Holding Corporation
Cincinnati, OH· ~221 mi
WaveMAX Laundry
- $883K
- SBA financing
- ≈ $1.7M–$2.9M
- Est. revenue (rough)
JT LAUNDRY SERVICES, LLC
Wyoming, MI· ~237 mi
WaveMAX Laundry
- $978K
- SBA financing
- ≈ $1.9M–$3.2M
- Est. revenue (rough)
Midwest Laundry LLC
St. Paul, MN· ~629 mi
WaveMAX Laundry
- $520K
- SBA financing
- ≈ $1.0M–$1.7M
- Est. revenue (rough)
Maui Sunshine Inc
Chicago, IL· ~323 mi
WaveMAX Laundry
- $963K
- SBA financing
- ≈ $1.9M–$3.1M
- Est. revenue (rough)
KJS Clean Enterprises LLC
Arlington, TX· ~1047 mi
WaveMAX Laundry
- $846K
- SBA financing
- ≈ $1.7M–$2.8M
- Est. revenue (rough)
MWI Laundromats, Inc.
Saint Paul, MN· ~629 mi
WaveMAX Laundry
- $650K
- SBA financing
- ≈ $1.3M–$2.1M
- Est. revenue (rough)
Similar businesses
Comparable coin-operated laundries and drycleaners in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
SOUTH EUCLID LAUNDROMAT LLC
Cleveland, OH· ~7 mi
Coin-Operated Laundries and Drycleaners
- $1.1M
- SBA financing
- ≈ $2.1M–$3.5M
- Est. revenue (rough)
GSE Laundry LLC
South Euclid, OH· ~7 mi
Coin-Operated Laundries and Drycleaners
- $968K
- SBA financing
- ≈ $1.9M–$3.2M
- Est. revenue (rough)
BELVOIR LAUNDROMAT LLC
Brunswick, OH· ~19 mi
Coin-Operated Laundries and Drycleaners
- $1.1M
- SBA financing
- ≈ $2.2M–$3.6M
- Est. revenue (rough)
RC Noni Enterprises Inc.
Canton, OH· ~41 mi
Coin-Operated Laundries and Drycleaners
- $836K
- SBA financing
- ≈ $1.6M–$2.7M
- Est. revenue (rough)
The Laundry Spot LLC
Youngstown, OH· ~48 mi
Coin-Operated Laundries and Drycleaners
- $628K
- SBA financing
- ≈ $1.2M–$2.1M
- Est. revenue (rough)
AURORA ROAD LAUNDROMAT LLC
Bedford, OH· ~2 mi
Coin-Operated Laundries and Drycleaners
- $119K
- SBA financing
- ≈ $234K–$390K
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for AB Simmons Incorporated in Maple Heights, OH (Coin-Operated Laundries and Drycleaners). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $710K
- On record FY2024
- 2 jobs supported
- Industry: Coin-Operated Laundries and Drycleaners
- Location: Maple Heights, OH
- Lender: Fifth Third Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Coin-Operated Laundries and Drycleaners businesses in OH for ~$710k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with AB Simmons Incorporated.