Your Comprehensive Guide to Laundromat Equipment Financing
Your Comprehensive Guide to Laundromat Equipment Financing
Understand costs, compare financing paths (SBA, bank, equipment financing, lines of credit, CRE), prepare a lender-ready business plan, and navigate the application like a pro.
Initial Costs: What It Takes to Open
Startup Budget Items
- Purchase or Lease: Property or unit costs
- Renovation & Setup: Plumbing, electrical, build-out
- Equipment: Commercial washers/dryers, payment systems, vending, folding stations
- Licenses & Permits: Business, environmental, health
- Initial Inventory: Detergents, cleaning supplies, consumables
Pro Tip
Build a 10–15% contingency into capex to absorb utility upgrades, drainage surprises, and permitting delays.
Ongoing Costs: Operating the Store
- Rent or mortgage
- Utilities: water, power, gas, waste
- Maintenance: machines & facility
- Staffing (if attended)
- Insurance: property, liability, workers’ comp
Cash-flow fit: Choose a financing structure with payments that mirror seasonality and local demand patterns.
Exploring Financing Options
Traditional Bank Loans
- Term Loans: Fixed/variable rates; set amortization
- SBA Loans (7(a), 504): Lower rates, longer terms; great fit for acquisitions + build-outs
Alternative Financing
- Equipment Financing: Machines secure the loan
- Line of Credit: Flexible working capital
- Commercial Real Estate Loans: Finance the building/land if you’re buying
- Franchise Financing: If purchasing a brand-backed store
Other Paths
- Personal savings or friends & family
- Angel/VC (rare, but possible for tech-enabled concepts)
- Crowdfunding for community-backed launches
We help you evaluate tradeoffs (rate, term, collateral, speed) and package your file for the right program.
Preparing Your Business Plan
| Section | What Lenders Expect |
|---|---|
| Executive Summary | Mission, concept, site snapshot, funding ask, key numbers |
| Market Analysis | Trade area data, competitors, pricing, demand drivers |
| Business Structure | Entity, owners, org chart, roles, experience |
| Products & Services | Self-serve, wash-dry-fold, pickup/delivery, vending, value-adds |
| Marketing & Sales | Branding, digital, partnerships, promos, retention levers |
| Financial Projections | 3–5 year P&L, cash flow, balance sheet, capex & ramp assumptions |
| Funding Request | Exact amount, uses of funds, repayment strategy, collateral |
Clarity wins. Lenders back operators who understand costs, throughput, and neighborhood demand.
Navigating the Loan Application Process
- Prepare Documentation: Business plan, credit reports, tax returns, financials, licenses & leases
- Choose the Right Lender: Compare rates, terms, laundromat experience
- Submit Application: Provide full package to avoid stalls
- Review Terms: Rate, amortization, fees, covenants—ask questions
- Close & Fund: Satisfy conditions precedent and disburse
Post-Financing Considerations
- Effective Management: Tight bookkeeping & POS reporting
- Regular Maintenance: Proactive service schedules reduce downtime
- Customer Service: Clean, safe, reliable, card options, Wi-Fi
- Marketing: Local SEO, reviews, loyalty, community outreach
- Growth: Add services, delivery routes, or expand locations
Operator edge: High-uptime, smart pricing, and great CX compound returns more than most “rate shopping.”
Online Application — Laundromat Financing
Prefer to price it first? Get an instant quote.
Financing Programs Available from Liberty Capital
Liberty Capital offers a variety of financing programs to suit different needs, including:
- Lease-to-Own Programs: Allows businesses to eventually own the equipment after fulfilling lease terms.
- EQUIPMENT FINANCE AGREEMENT or EQUIPMENT LOAN: Traditional financing with fixed monthly payments and terms up to several years.
- Working Capital Loans: Short-term loans to cover operational costs or down payments on equipment.
- Seasonal Payment Plans: Customized payment schedules to match the seasonal revenue patterns of your business.
- Term Loans: Term loans allows you to have a predictable loan term to 3-5 years.
- Factoring: Capital upfront from your account receivable to cover operational costs or down payments on equipment.
- Commercial Loan: Including SBA 504, we are a commercial loan broker for 4+ unit commercial property needing commercial loans purchase, refi, ground up funding or condo conversation, bridge loans on commercial property, condos and apartments.
- Merchant Cash Advance: Most for unbankable type of borrowers. Pure based on purchase of future revenue. Revenue based loan. Revenue purchase agreement funding.
- Dry Cleaning Financing: As long as your business operates some form of dry cleaning, washer, dryers, they can be considered equipment. We can finance Commercial dryers and commercial washers to dry cleaning equipment, owner and operators can rest assured that you have access to funding across various equipment in the industry.
What we need to get an approval?
- ONLINE APPLICATION
- Bank Statements
- Invoice or Quotes
*financials and tax returns maybe needed depending on the credit score, time in business and amount of funding request.
Are you buying an existing one? Are you opening a new start up laundromat? Whatever you decide Liberty Capital will assure the process to be quick and simple. Call us today 888-511-6223 or APPLY TODAY.
