SBA lending record
NOREAST CLEANERS
10 Desoto Road, Essex, MA · Drycleaning and Laundry Services (except Coin-Operated). The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.8M
Total SBA financing
1
Loan on record
FY2025
On record
20
Jobs supported
Is NOREAST CLEANERS your business?
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The loan
$1,834,000 — FY2025
- Gross approval
- $1,834,000
- SBA guaranteed
- $1,375,500 (75%)
- Status
- Current
- Rate at approval
- 10% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 5/14/2025
- First disbursement
- 6/6/2025
- Days to fund
- 23 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 20
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Drycleaning and Laundry Services (except Coin-Operated)
- NAICS code
- 812320
- Lender
- Readycap Lending, LLC
- Address
- 10 Desoto Road
- City
- Essex
- County
- Essex
- SBA district office
- MASSACHUSETTS DISTRICT OFFICE
- Congressional district
- 6
The lender
Find SBA lenders for businesses like this
The banks most active funding drycleaning and laundry services (except coin-operated) — by location, industry.
Similar businesses
Comparable drycleaning and laundry services (except coin-operated) in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Sal's Clothing and Fabric Restoration, Inc.
Everett, MA· ~21 mi
Drycleaning and Laundry Services (except Coin-Operated)
- $500K
- SBA financing
- ≈ $980K–$1.6M
- Est. revenue (rough)
EMK Cleaners Inc
Stoughton, MA· ~38 mi
Drycleaning and Laundry Services (except Coin-Operated)
- $698K
- SBA financing
- ≈ $1.4M–$2.3M
- Est. revenue (rough)
Sweet Cleaning Solutions Inc
Somerville, MA· ~24 mi
Drycleaning and Laundry Services (except Coin-Operated)
- $410K
- SBA financing
- ≈ $804K–$1.3M
- Est. revenue (rough)
THE BETTER LAUNDROMAT LLC
Saugus, MA
Drycleaning and Laundry Services (except Coin-Operated)
- $465K
- SBA financing
- ≈ $912K–$1.5M
- Est. revenue (rough)
ECO URBAN SOLUTIONS (EUS), LLC
Boston, MA· ~25 mi
Drycleaning and Laundry Services (except Coin-Operated)
- $100K
- SBA financing
- ≈ $196K–$327K
- Est. revenue (rough)
MAGREB INC
Scituate, MA· ~31 mi
Drycleaning and Laundry Services (except Coin-Operated)
- $50K
- SBA financing
- ≈ $98K–$163K
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for NOREAST CLEANERS in Essex, MA (Drycleaning and Laundry Services (except Coin-Operated)). 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 $1.8M
- On record FY2025
- 20 jobs supported
- Industry: Drycleaning and Laundry Services (except Coin-Operated)
- Location: Essex, MA
- Lender: Readycap Lending, LLC
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Drycleaning and Laundry Services (except Coin-Operated) businesses in MA for ~$1.8M 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 NOREAST CLEANERS.