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LAUNDROMAT BUSINESS FINANCING WITH CELTIC BANK
Buy or Expand Your Laundromat
Looking to buy an existing laundromat or open a second location? Work with a lender that understands the unique financing needs of your business.
To remain competitive, laundromat owners need to keep up with changing trends — and that requires affordable business capital. An example, a trend that is sweeping the industry is replacement of coin-operated washers and dryers with digital, cashless machines.
Our team is experienced at helping owners get the cash they need to upgrade washers and dryers, purchase commercial real estate or refinance business debt — all at a price they can afford. Because we routinely work with laundromat owners, you can expect a lending experience that is fast and frictionless.
Partner with a lender that knows your business today.
Laundromat Financing Details
With low rates and longer repayment terms, our SBA financing is one of the best ways to expand your laundromat business. And as a preferred SBA lender, we can approve loan applications in house, accelerating your time to funding.
With SBA 7(a) Financing Get:
- Competitive Rates
- Up to 90% loan-to cost (LTC)
- Up to $5M in funding
- Terms of up to 25 years
- No balloon payments
USES OF LAUNDROMAT BUSINESS FINANCING
Get What You Need—and When You Need It
Not only are the SBA 7(a) loan terms competitive, you can also use the loan to cover so many different types of expenses. With an SBA 7(a) loan you can:
Buy an existing laundromat business
Purchase commercial real estate
Buy out a partner
Upgrade washer and dryers
Refinance business debt
RECENTLY FINANCED LAUNDROMATS
Let Celtic Bank Fund Your Laundromat Business
CASESTUDY
Don’t Just Take Our Word for It
