Business funding for laundromats and dry cleaners
Laundromats and dry cleaners run on a mix of coin, card-loaded payment systems and, for cleaners, counter transactions. Machines are expensive and wear out on a predictable schedule, and lenders can usually see revenue clearly through card and machine-loading deposits.
- One application, several lenders
- No credit pull to see your options
- No fee to you, ever
Common funding needs
- Replacing washers, dryers or dry cleaning machines as they age out
- Buying card-loading or app-payment systems for a laundromat
- Renovating or expanding the storefront
- Covering rent and utilities through a slow month
What usually fits
Products that usually fit
- Equipment financing for washers, dryers and dry cleaning machines; often the cheapest way to buy them.
- Term loan for a renovation or a second location.
- Line of credit for utilities and rent through slow stretches.
- Merchant cash advance only for urgent needs, sized so daily payments leave room to operate.
Compare term loans, lines of credit, cash advances and equipment financing side by side →
Separately, our sister company CELER Merchants offers card processing.
Illustrative example
A worked example
A laundromat replaces $50,000 of aging washers and dryers over 5 years at an illustrative 8–18% a year. Payments come to about $1,014–$1,270 per month, or $60,829–$76,180 in total.
The same $50,000 as a merchant cash advance at an illustrative factor rate of 1.20–1.40 means paying back $60,000–$70,000, usually within 6 to 12 months, debited daily from card and loading-system deposits.
Illustrative example only, not an offer or a quote. Rates, fees and terms are set by each lender and depend on your business. Fees are not included unless stated.
Underwriting
What lenders look at
- Monthly card, app-loading and counter deposits
- Age and condition of existing machines
- Lease length and utility costs at the current location
- Existing cash advances or daily debits on the account
- Owner credit
Honestly
Who this is not for
- A laundromat that is not yet open: most lenders need deposit history
- Stacking a second cash advance on top of one you are still repaying
- Buying machines the location's utility hookups cannot actually support
If borrowing does not make sense, we will say so.
Are you a match?
Lender network minimums
Close but not quite there? Apply anyway and we will tell you honestly what is possible.
*Best available terms from lenders in our network. Every lender sets its own criteria; approval, amount and funding time are decided by the lender and not guaranteed.
| Time in business | 1 year+ |
|---|---|
| Monthly bank deposits | $20,000+ |
| Credit score | 500+ |
| Bank account | Business |
| Fee to you | $0 |
| Credit pull to start | None |
FAQ
Laundromats & dry cleaners funding questions
Can I finance both washers and dryers together?
Yes, most equipment lenders will finance a full machine package in one loan, sometimes bundled with installation.
Do lenders count coin revenue if it's mostly cash?
It is harder to verify than card or app-based revenue. Bank deposits from armored pickup or regular cash deposits can help show the pattern.
Is a cash advance a good idea for a laundromat?
Sometimes, for a short, urgent need. It is also one of the most expensive options, especially in a slow month when daily debits still come out. We show you the total payback before you sign.
Can dry cleaners finance pressing and cleaning equipment the same way?
Yes, dry cleaning equipment financing works the same way as laundromat machine financing, with the equipment securing the loan.
Guides
Guides for laundromats & dry cleaners
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Where we work: all US states · all Canadian provinces
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