Self-service/Coin Laundries

Many competitive solutions are available for financing self-service coin laundries. Western State Design (WSD) will meet with you and customize the best solution for your needs. Financing is available for clients new to the industry and experienced laundry owners.

The following are some typical programs:

Equipment Finance:
Many WSD equipment vendors offer attractive Variable and Fixed Promissory Note programs. The Payment Terms and Conditions can vary considerably to meet the requirements of each customer. The financing programs will include equipment costs, hook-up, laundry tenant improvements and equipment installation including start–up.

More details: Dexter Financial Services (link to http://www.dexter.com/financial/)

Leasing:
Leasing programs are available to finance self–service coin laundries, which require no initial down payments. Leasing programs may offer additional tax incentives for the individual investor. Some leases are fixed payment, fixed term and others are structured with lower payments that ramp up as the laundry revenue increases. Both capital and operating leases are available.

Traditional bank financing:
WSD can assist you with your bank to help facilitate your loan to expand or purchase a new laundry.

Small Business Administration (SBA) Loans:
WSD has pre-approved Lenders who know our industry. Generally, the Terms and Conditions of an SBA loan are fixed. However, there are many options available that may be more suitable for your project.

More details: SBA loan programs (link to http://www.sba.gov/financialassistance/borrowers/index.html)

Currently, there are many financing solutions based upon your operating proforma and the infusion of capital for acquiring or re-equipping your self-service coin laundry. All options should be considered by any potential investor and operator.