Question 1

What equipment can be financed?

Accepted Answer

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.

Question 2

Can I obtain a Pre-Approval for a loan?

Accepted Answer

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.

Question 3

Will you do 100% financing?

Accepted Answer

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.

Question 4

What can you finance?

Accepted Answer

Financing is available for new equipment purchases, store acquisitions and in certain cases commercial real estate.

Question 5

Do you provide financing for start-ups?

Accepted Answer

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.

Question 6

What are the finance rates?

Accepted Answer

While most companies do not publish rates, we do offer competitive  financing options and can usually match terms for special financing  promotions offered by other equipment manufacturers.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.

Question 7

How long is the process to receive an approval?

Accepted Answer

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.

Frequently asked questions