SBA lending record

North End Laundry

1675 Rice St, St. Paul, MN 55117 · Coin-Operated Laundries and Drycleaners. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$1.8M

Total SBA financing

Loan on record

FY2025

On record

Jobs supported

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

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The loan

$1,775,100 — FY2025

Gross approval: $1,775,100
SBA guaranteed: $1,331,325 (75%)
Status: Current
Rate at approval: 9.75% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 6/17/2025
First disbursement: 6/20/2025
Days to fund: 3 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 7
Business type: Corporation
Business age: New Business or 2 years or less
Industry: Coin-Operated Laundries and Drycleaners
NAICS code: 812310
Lender: Frandsen Bank and Trust
Address: 1675 Rice St
City: St. Paul, 55117
County: Ramsey
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 4

The lender

Frandsen Bank and Trust

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

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.

Farmtown Ventures LLC

St. Paul, MN· ~0 mi

Coin-Operated Laundries and Drycleaners

$2.3M
SBA financing: ≈ $4.5M–$7.5M
Est. revenue (rough)

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1681 Rice Laundromat, LLC

Saint Paul, MN· ~0 mi

Coin-Operated Laundries and Drycleaners

$1.3M
SBA financing: ≈ $2.6M–$4.3M
Est. revenue (rough)

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Cedarcrest Capital, LLC

Saint Paul, MN· ~6 mi

Coin-Operated Laundries and Drycleaners

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

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Midwest Laundry LLC

St. Paul, MN· ~3 mi

WaveMAX Laundry

$520K
SBA financing: ≈ $1.0M–$1.7M
Est. revenue (rough)

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MWI Laundromats, Inc.

Saint Paul, MN· ~3 mi

WaveMAX Laundry

$650K
SBA financing: ≈ $1.3M–$2.1M
Est. revenue (rough)

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Bee Lor Companies Inc

Minneapolis, MN· ~9 mi

Coin-Operated Laundries and Drycleaners

$783K
SBA financing: ≈ $1.5M–$2.6M
Est. revenue (rough)

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Agent summary

This page summarizes the public SBA 7(a) lending record for North End Laundry in St. Paul, MN (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 $1.8M
On record FY2025
7 jobs supported
Industry: Coin-Operated Laundries and Drycleaners
Location: St. Paul, MN
Lender: Frandsen Bank and Trust

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 MN for ~$1.8M 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 2026-08-01.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/north-end-laundry-mn
API:: https://www.capbench.com/api/public/businesses/north-end-laundry-mn
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 North End Laundry.