SBA lending record

Spin City Laundry LLC

111 2nd Street NW, Waseca, MN 56093 · Coin-Operated Laundries and Drycleaners. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$288K

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

$288,200 — FY2020

Gross approval: $288,200
SBA guaranteed: $216,150 (75%)
Status: Paid in full
Rate at approval: 6% v
Term: 180 mo (15 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Business purchase
Approved: 1/30/2020
First disbursement: 2/29/2020
Days to fund: 30 days
Paid in full: 12/31/2023
Collateral: Required
Jobs supported: 1
Business type: Corporation
Business age: Change of Ownership
Industry: Coin-Operated Laundries and Drycleaners
NAICS code: 812310
Lender: BANKWEST
Address: 111 2nd Street NW
City: Waseca, 56093
County: Waseca
SBA district office: MINNESOTA DISTRICT OFFICE
Congressional district: 1

The lender

BANKWEST

1 loan to this business

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.

LINDA'S LAUNDRY LLC

Waseca, MN· ~0 mi

Coin-Operated Laundries and Drycleaners

$325K
SBA financing: ≈ $637K–$1.1M
Est. revenue (rough)

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DK Enterprises LLC

Eagan, MN· ~57 mi

Certified Restoration DryCleaning Network/CRD

$250K
SBA financing: ≈ $490K–$817K
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The Laundry Lounge

Oakdale, MN· ~67 mi

Coin-Operated Laundries and Drycleaners

$205K
SBA financing: ≈ $402K–$670K
Est. revenue (rough)

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Midwest Laundry LLC

St. Paul, MN· ~66 mi

WaveMAX Laundry

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

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GCrew, LLC

Saint Paul, MN· ~67 mi

Coin-Operated Laundries and Drycleaners

$392K
SBA financing: ≈ $769K–$1.3M
Est. revenue (rough)

View record

NKC Coin Laundry LLC

Rochester, MN· ~49 mi

Coin-Operated Laundries and Drycleaners

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

View record

Agent summary

This page summarizes the public SBA 7(a) lending record for Spin City Laundry LLC in Waseca, 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 $288K
On record FY2020
1 jobs supported
Industry: Coin-Operated Laundries and Drycleaners
Location: Waseca, MN
Lender: BANKWEST

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 ~$288k 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/spin-city-laundry-llc-mn
API:: https://www.capbench.com/api/public/businesses/spin-city-laundry-llc-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 Spin City Laundry LLC.