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Laundromat financing

Funding for laundromat owners and buyers.

Buy a store, replace aging machines, or add a wash-and-fold or pickup service. We match you with lenders who know how coin and card laundries make money.

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Acquisition

SBA 7(a) for buying an existing laundromat, with or without the real estate.

Equipment

New washers, dryers, card systems and water heaters.

Expansion

Second locations, remodels and pickup and delivery.

Underwriting

What lenders look at

Have these ready and your file moves faster.

  • ✓Machine age and the replacement plan
  • ✓Utility costs and revenue per machine
  • ✓Lease length: most lenders want it to cover the loan term
  • ✓Verified revenue, since many stores still take cash

Common questions

Can I get a loan to buy a laundromat?+

Yes. SBA 7(a) is the most common route. Lenders will want to see documented revenue and a lease that runs long enough to cover the loan.

How do lenders handle cash revenue?+

They rely on what can be verified: tax returns, bank deposits and utility usage. Revenue that isn't documented usually doesn't count toward the loan.

Can I finance only the machines?+

Yes. Equipment loans and leases cover washers, dryers and payment systems, with the machines as collateral.

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