Enter loan amount, interest rate, and term — get monthly payment, total interest paid, total cost, and an amortization schedule. For laundromat-specific scenarios, also enter your projected monthly NOI and the calculator returns the Debt Service Coverage Ratio (DSCR) — the single most important metric SBA 7a lenders use to qualify a deal. Below 1.25x DSCR is typically a denial; above 1.40x is comfortable.
Five Loan Types Modeled
(1) SBA 7a — 10–25 year terms, 10% down typical, prime + 2.75–4.75% rate. (2) SBA 504 — for real estate + equipment, 10% down + lender financing structure, fixed rate. (3) Equipment Financing — 5–7 year terms, $0–10% down, asset-secured rates 7–12%. (4) Conventional Commercial — typically requires 25–30% down, 5–10 year balloon, faster close. (5) Seller Financing — terms negotiable, often 5–10 year amortization with shorter balloon.
Why DSCR Matters Most
Most first-time laundromat buyers focus on monthly payment. Lenders focus on DSCR. A deal with low monthly payment but DSCR of 1.10x will be denied or require additional collateral; a deal with higher payment and DSCR of 1.40x will sail through underwriting. The calculator surfaces DSCR prominently so you can structure your offer to land in the comfortable zone before submitting.
Frequently Asked Questions
What rate should I use for SBA 7a?
As of late 2025, SBA 7a rates are typically prime + 2.75% to prime + 4.75% depending on loan size and lender. Prime is currently around 7.25%. Use 10–11% as a planning rate. Your actual rate is set by the lender based on your credit, deal quality, and SBA SOP guidelines.
Should I model 10 or 25 year SBA?
Maximum SBA 7a term is 10 years for equipment-only deals and 25 years if real estate is included. Most laundromat acquisitions structure as 10 years (no real estate) — longer terms reduce monthly payment but increase total interest paid significantly.
What does it cost?
Free. Save and export by signing in with a free WashBizHub account. For an introduction to SBA-fluent laundromat lenders, run the Funding Matcher.