Lapels, by the numbers
Every figure below comes from real financed deals — what buyers paid, where, and how the loans performed.
SBA Franchise Directory: listed ✓ (identifier S0985)
10 deals since 2020 · typical deal $266K
10
Deals since 2020
$266K
Typical deal
4
Deals since FY2025
—
Too few deals to score risk
What buyers pay for Lapels
Most Lapels deals financed between $50K and $347K. Above $347K, you're paying more than 75% of buyers did — make the seller earn it.
- Monthly payment (10-yr)
- $3,702
- Down payment (10%)
- $30K
- Cash to close (all-in)
- $40K
Estimates at today's rates and standard 7(a) terms. Not a loan offer.
Could you get the loan?
Three answers. No documents, no credit pull.
Credit score
Available cash (you'll need ~$40K)
Experience
Recent financings
- Batt Cleaning Management Inc. in Gretna, NE — $500K (2026) · American National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 7.75% variable
- Term
- 126 months
- SBA guaranteed
- $375K (75%)
- Approved
- 3/2/2026
- Loan status
- Committed
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Drycleaning and Laundry Services (except Coin-Operated)
Funded by American National Bank
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- Mpamah Inc in College Station, TX — $949K (2025) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 10.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $712K (75%)
- Approval → funding
- 43 days
- Approved
- 5/15/2025
- First disbursed
- 6/27/2025
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Drycleaning and Laundry Services (except Coin-Operated)
Funded by The Huntington National Bank · Lender record →
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- LML Green Dry Cleaning, LLC in Wilmington, MA — $125K (2025) · Manufacturers and Traders Trust Company
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 10.5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $63K (50%)
- Approval → funding
- 39 days
- Approved
- 2/20/2025
- First disbursed
- 3/31/2025
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Not required
- Business type
- Corporation
- Jobs supported
- 10
- Business age
- Existing or more than 2 years old
- Industry
- Coin-Operated Laundries and Drycleaners
Funded by Manufacturers and Traders Trust Company · Lender record →
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- Mpamah Inc in College Station, TX — $50K (2025) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 10.25% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $25K (50%)
- Approved
- 5/15/2025
- Loan status
- Committed
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 7
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Drycleaning and Laundry Services (except Coin-Operated)
Funded by The Huntington National Bank · Lender record →
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- Oxen Properties, LLC in Houma, LA — $258K (2024) · South Louisiana Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 9.75% variable
- Term
- 90 months
- SBA guaranteed
- $129K (50%)
- Approval → funding
- 35 days
- Approved
- 7/30/2024
- First disbursed
- 9/3/2024
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Drycleaning and Laundry Services (except Coin-Operated)
Funded by South Louisiana Bank
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- Oxen Properties, LLC in Houma, LA — $30K (2024) · South Louisiana Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 10.25% variable
- Term
- 84 mo (7 yrs)
- SBA guaranteed
- $15K (50%)
- Approval → funding
- 21 days
- Approved
- 8/13/2024
- First disbursed
- 9/3/2024
- Loan status
- Current
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 5
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Drycleaning and Laundry Services (except Coin-Operated)
Funded by South Louisiana Bank
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- Bridge Equities LLC in Brick, NJ — $273K (2022) · purchase · BayFirst National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6.25% variable
- Term
- 239 months
- SBA guaranteed
- $205K (75%)
- Approval → funding
- 9 days
- Approved
- 5/18/2022
- First disbursed
- 5/27/2022
- Loan status
- In workout — SBA bought the guarantee
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Secondary market
- Loan sold to investors
- Jobs supported
- 1
- Business age
- Change of Ownership
- Industry
- Drycleaning and Laundry Services (except Coin-Operated)
If you were the buyer here
- Est. deal size
- $303K
- Est. down payment (10%)
- $30K
- Est. cash at closing
- $41K
- Monthly payment
- $2,000
- Annual debt service
- $24K
- Cash flow needed (1.25×)
- $30K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by BayFirst National Bank · Lender record →
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- JTBJ HOLDINGS INC. in Frisco, TX — $347K (2021) · purchase · PlainsCapital Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 5% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $260K (75%)
- Approval → funding
- 1 days
- Approved
- 11/23/2020
- First disbursed
- 11/24/2020
- Loan status
- Current
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 2
- Business age
- Change of Ownership
- Industry
- Drycleaning and Laundry Services (except Coin-Operated)
If you were the buyer here
- Est. deal size
- $385K
- Est. down payment (10%)
- $39K
- Est. cash at closing
- $51K
- Monthly payment
- $3,675
- Annual debt service
- $44K
- Cash flow needed (1.25×)
- $55K
Estimates only — not guaranteed accurate. The loan amount, rate,and term come from the public record; the rest assumes the standard 10% buyer injection plus typical guaranty and closing costs. The actual deal's terms and costs likely differed.
Funded by PlainsCapital Bank · Lender record →
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- J&S ENTERPRISE LLC in Wilkes-Barre, PA — $266K (2021) · The Huntington National Bank
- Program
- Preferred Lenders Program
- Rate at approval
- 6% variable
- Term
- 120 mo (10 yrs)
- SBA guaranteed
- $239K (90%)
- Approval → funding
- 6 days
- Approved
- 4/23/2021
- First disbursed
- 4/29/2021
- Loan status
- In liquidation
- Loan type
- Term loan
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Drycleaning and Laundry Services (except Coin-Operated)
Funded by The Huntington National Bank · Lender record →
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- J&S ENTERPRISE LLC in Wilkes-Barre, PA — $15K (2021) · The Huntington National Bank
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Rate at approval
- 6% variable
- Term
- 60 mo (5 yrs)
- SBA guaranteed
- $11K (75%)
- Approval → funding
- 7 days
- Approved
- 4/23/2021
- First disbursed
- 4/30/2021
- Loan status
- In liquidation
- Loan type
- Revolving line
- Collateral
- Required
- Business type
- Corporation
- Jobs supported
- 12
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Drycleaning and Laundry Services (except Coin-Operated)
Funded by The Huntington National Bank · Lender record →
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Who funds Lapels — and where
Every dot is a financed Lapels — 9 mapped.
Financed Lapels locations — list all 9 as text
- J&S ENTERPRISE LLC — Wilkes-Barre · $15K · FY2021 · Drycleaning and Laundry Services (except Coin-Operated)
- J&S ENTERPRISE LLC — Wilkes-Barre · $266K · FY2021 · Drycleaning and Laundry Services (except Coin-Operated)
- Oxen Properties, LLC — Houma · $258K · FY2024 · Drycleaning and Laundry Services (except Coin-Operated)
- Oxen Properties, LLC — Houma · $30K · FY2024 · Drycleaning and Laundry Services (except Coin-Operated)
- Batt Cleaning Management Inc. — Gretna · $500K · FY2026 · Drycleaning and Laundry Services (except Coin-Operated)
- Mpamah Inc — College Station · $949K · FY2025 · Drycleaning and Laundry Services (except Coin-Operated)
- Mpamah Inc — College Station · $50K · FY2025 · Drycleaning and Laundry Services (except Coin-Operated)
- JTBJ HOLDINGS INC. — Frisco · $347K · FY2021 · Drycleaning and Laundry Services (except Coin-Operated)
- LML Green Dry Cleaning, LLC — Wilmington · $125K · FY2025 · Coin-Operated Laundries and Drycleaners
Top lenders for this brand
1.The Huntington National Bank(4)
- 2.South Louisiana Bank (2)
- 3.American National Bank (1)
4.PlainsCapital Bank(1)
5.BayFirst National Bank(1)
Most active states
- 1.Texas (3 loans)
- 2.Pennsylvania (2 loans)
- 3.Louisiana (2 loans)
- 4.Nebraska (1 loans)
- 5.New Jersey (1 loans)
- 6.Massachusetts (1 loans)
Represent Lapels?
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Common questions
How much does a Lapels cost to buy or open?
The typical deal for Lapels is $266K across 10 transactions since 2020. With the SBA's 10% minimum down payment, that points to roughly $29K of buyer cash on a typical deal.
How risky is Lapels?
Lapels has 10 SBA loans on record since 2020 — too few to score a reliable failure rate. Judge the unit economics and the franchisor's disclosure document, not a small sample.
Can I finance a Lapels with an SBA loan?
Yes — Lapels has been SBA-financed 4 times since FY2025, which means it clears the SBA Franchise Directory requirement regularly. Confirm current listing before signing an LOI.
Buying a Lapels franchise
Most Lapels buyers finance the purchase or build-out with an SBA 7(a) loan — up to 90% of the cost with roughly 10% down. The typical Lapels deal financed for $266K, which points to about $29K of buyer cash on a typical purchase. Lapels is listed in the SBA Franchise Directory (identifier S0985), so it's eligible to finance today — confirm current listing with your lender before the LOI. See the lenders that already fund Lapels — a bank that knows the brand approves faster — or pre-qualify for financing to see your likely loan size first.
AI summary
This profile summarizes public SBA financing activity for Lapels — lender activity, typical loan sizes, financing history, and risk and failure signals where available — via CapBench SBA Intelligence. CapBench is not a lender.
Source: CapBench SBA Intelligence, based on public SBA, lender, franchise, FDIC, and related records. CapBench is not a lender and does not guarantee financing.
Agent summary
This page summarizes public SBA 7(a) financing for Lapels — typical deal size, the lenders that fund the brand, geography, and failure-rate context — from CapBench SBA Intelligence. Lapels is confirmed in the SBA Franchise Directory here; CapBench is not a lender and does not sell franchises.
- 10 SBA 7(a) deals since 2020
- $266K typical deal
- 4 deals since FY2025
- Too few deals to score a reliable failure rate
- SBA Franchise Directory: listed (identifier S0985)
- Top lenders: The Huntington National Bank, South Louisiana Bank, American National Bank
- 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 SBA loan records, not a current offer or franchise availability. Confirm SBA Franchise Directory listing with your lender before an LOI.
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CapBench analysis of public lending records, FY2020–present. Charge-off rate measured on the FY2020–23 cohort. Not affiliated with Lapels.