SBA lending record

GSE Laundry LLC

1604 Wrenford Rd, South Euclid, OH 44121 · Coin-Operated Laundries and Drycleaners. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$968K

Total SBA financing

Loan on record

FY2020

On record

—

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$967,500 — FY2020

Gross approval: $967,500
SBA guaranteed: $725,625 (75%)
Status: Charged off (failed)
Rate at approval: 5.75% v
Term: 72 mo (6 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/16/2020
First disbursement: 9/25/2020
Days to fund: 9 days
Charged off: 11/19/2024
Charge-off amount: $830,997
Collateral: Required
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Coin-Operated Laundries and Drycleaners
NAICS code: 812310
Lender: The Bancorp Bank National Association
Address: 1604 Wrenford Rd
City: South Euclid, 44121
County: Cuyahoga
SBA district office: CLEVELAND DISTRICT OFFICE
Congressional district: 11

The lender

The Bancorp Bank National Association

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding coin-operated laundries and drycleaners — by location, industry.

SBA lenders in Ohio Lenders for coin-operated laundries and drycleaners Coin-Operated Laundries and Drycleaners lenders in Ohio

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· ~0 mi

Coin-Operated Laundries and Drycleaners

$1.1M
SBA financing: ≈ $2.1M–$3.5M
Est. revenue (rough)

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AB Simmons Incorporated

Maple Heights, OH· ~7 mi

WaveMAX Laundry

$710K
SBA financing: ≈ $1.4M–$2.3M
Est. revenue (rough)

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BELVOIR LAUNDROMAT LLC

Brunswick, OH· ~24 mi

Coin-Operated Laundries and Drycleaners

$1.1M
SBA financing: ≈ $2.2M–$3.6M
Est. revenue (rough)

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RC Noni Enterprises Inc.

Canton, OH· ~48 mi

Coin-Operated Laundries and Drycleaners

$836K
SBA financing: ≈ $1.6M–$2.7M
Est. revenue (rough)

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The Laundry Spot LLC

Youngstown, OH· ~51 mi

Coin-Operated Laundries and Drycleaners

$628K
SBA financing: ≈ $1.2M–$2.1M
Est. revenue (rough)

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BG Laundry Room

Bowling Green, OH· ~110 mi

Coin-Operated Laundries and Drycleaners

$774K
SBA financing: ≈ $1.5M–$2.5M
Est. revenue (rough)

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for GSE Laundry LLC in South Euclid, 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 $968K
On record FY2020
Industry: Coin-Operated Laundries and Drycleaners
Location: South Euclid, OH
Lender: The Bancorp Bank National Association

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 ~$968k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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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.
Canonical:: https://www.capbench.com/businesses/gse-laundry-llc-oh
API:: https://www.capbench.com/api/public/businesses/gse-laundry-llc-oh
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 GSE Laundry LLC.