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What equipment can be financed?We can arrange financing for commercial laundry equipment, as well as all ancillary equipment. We work closely with you to ensure that your business has everything that it needs to be successful.
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Can I obtain a Pre-Approval for a loan?Finance companies generally do not give pre-approvals. More than the potential borrower's credit history is taken into account. They are equally interested in the location of the business, the current or projected financial performance, the size of the project and the equipment to be financed. Because of those determining factors, we recommend discussing the needs of your business prior to submitting a request for commercial financing.
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Will you do 100% financing?In most cases, a minimum personal investment towards the purchase is required. But in some instances, you may able to finance a small portion of the construction/soft costs for an established borrower. We may also be able to accommodate requests for full invoice financing to established operators seeking less than $150,000 to replace equipment.
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What can you finance?Financing is available for new equipment purchases, store acquisitions and in certain cases commercial real estate.
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Do you provide financing for start-ups?Yes, we can connect you with commercial financing for start-up businesses. Keep in mind that most finance companies ususally require the business owner or investor who is seeking start-up capital to have adequate experience running a small business, a minimum credit score of 640 and a sufficient investment in the project.
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What are the finance rates?While most companies do not publish rates, we do offer competitive financing options and can usually match terms for special financing promotions offered by other equipment manufacturers. The finance rate depends on applicant's credit score and information based from the finance package.
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How long is the process to receive an approval?For smaller transactions (below $150,000), you will generally receive a credit decision within 24 hours of the finance company receiving all required information. For larger, more complex transactions, approval depends on how long it takes to obtain all of the required information.
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