Financing simplified.
From cash flow support to upgrading dryers and washers. We help connect laundromat owners to their best financing options.
Your business is essential to us and to everyday people.
That’s why we go the extra mile to ensure you get the best laundromat financing option for your needs.
We secured over
$7.5 Million
In Laundromat Business Loans
Since 2019
299+
Laundromats funded through us
Minimum
550
Credit Score
We simplified the process on how to get financing for a laundromat.
Quick Approval Time
While there isn’t a list of laundromat lenders available. Through our extensive lending partnerships, we can offer a variety of funding programs. From laundromat equipment financing to lines of credit. You can secure a business loan for laundromat expenses or expansion in 24 hours.
High Speed Customer Service
Running a laundromat business can be lucrative but time consuming. We want to ensure you receive prompt and personalized attention to secure the right option for your business. We’re here to provide fast and reliable assistance to take your laundromat business to the next level.
Simple Application Process
The downside to traditional lending and small business administration loans (SBA) is the stringent requirements. On top of needing excellent credit, revenue must be consistent and financials in order. With Valid Financing, minimal documents are required along with a simple application that can completed in 5 minutes.
We Work Together
We take the time to listen to you and understand your goals and challenges. With 10+ years expertise in funding laundromat business we provide personalized laundromat financing solutions that are tailored to your specific needs. Our team of financing experts will guide you through the funding process, keeping you informed every step of the way.
Types of laundromat financing options:
Gain access to flexible capital that can be utilized to cover payroll, laundromat equipment financing and any other business related purpose. Use the capital whenever you need it and only pay interest on the money you borrow. A true revolving credit line that can used over and over again.
Funding up to:
$250,000
Repayment terms:
6-24 months
Minimum Credit Score:
615
Advance future revenue into fast business funding with terms tailored to your business’ cash flow. A great short-term laundromat financing option that can be secured quickly with minimal paperwork.
Funding up to:
$1,000,000
Repayment terms:
6-18 months
Minimum Credit Score:
550
Secure a one-time lump sum of cash. This money can be used to expand your laundromat services or to support rapid growth. You also have the option to re-apply for more capital halfway in.
Funding up to:
$2,000,000
Repayment terms:
6-36 months
Minimum Credit Score:
620
Purchase machinery and equipment essential to your laundromat business. From washer and dryer upgrades to laundry pickup sprinter vans. Regardless of credit score, your wishlist is covered with low down payment requirements.
Funding up to:
$200,000
Repayment terms:
12-36 months
Minimum Credit Score:
550
How our process works
Connect with a funding specialist
Answer a few questions about your laundromat business to see which lending programs you qualify for. Going over you business goals and answering any question you may have.
Submit an application
After getting to know your business better and receiving a completed application. Our specialist get to work right away on securing offers for your business.
Review you offers
Once offers are in, we will go over every approval and you then select the capital amount and terms that will help your business the most.
Get funded
We work fast and so do our lenders. Once you’re approved, you will be able to access the additional working capital in as little as 24 hours.
How to qualify for laundromat financing?
Qualifying for laundromat financing typically requires a few key factors. The laundromat business must be operating and also generate revenue each month. Personal credit score is also taken into consideration, as this can show the ability to repay the loan. Below you can see entry level requirements:
Minimum Credit Score
550
Minimum Monthly Revenue
15K
Time In Business
6m
Documents needed to apply for laundromat financing?
4 months
Of business bank statements
E-Sign
Application
Recent laundromat financing success stories
Fast and easy process, highly recommend.
Running my coin laundry takes so much time, that I can never get my financials in order. The amount of paperwork the bank needed to just to hear me out, was impossible to do on my own. Luckily with Valid, I took care of it with a couple emails and a call. The funding was in my account after a a few hours of work. I wish I knew about them earlier but grateful for working with them now
Jeffery S, 30 days ago
US 1 Review
Awesome customer service! Fast and respectful.
Love the customer service, love the communication, Alex is highly Recommended to work with. With the help of Valid Financing. I was able to secure funding to upgrade all my laundromat equipment. I thought it would be impossible to get all the funding needed without any kind of collateral. But with 2 days I had various offers to choose from. Very happy with there great customer service
Misty Butler, 2 months ago
US 1 Review
Excellent Experience
My consultant, Paul, was very kind and personable. I enjoyed working with him and the Valid Team. By far they are the best small business lending broker I’ve worked with. There was no complications at all and laid out the game plan to get the funding my dry cleaning business needed to stay operating. I appreciate your company helping small business like mine. Thank-you!
Ernesto Guzman, 15 days ago
US 1 Review
Frequently Asked Questions
Although there are no loan products specifically designed for laundromats, there are various forms of business financing that are accessible. From equipment financing to lines of credit, there are plenty of options to support your laundromat business.
Every lender has their own unique set of requirements and funding process. Thankfully, we connect you with laundromat financing options, with minimal documents needed to apply.
For a current laundromat owner with bad credit, there are plenty of options to secure funding for your business. Contact us today and we can help secure funding by tomorrow. However, if you’re looking to finance a new laundromat venture, there isn’t a program available at this moment.
While there isn’t a lender or funder that exclusively finances only laundromats, there are financing companies that tailor their offers that can be better suited for your needs. Apply today to learn more on those offers.
We work as fast you do. Once all documents needed to apply are in, it will only take a few hours for a funding specialist to secure offers and present them to you. Once accepted, the funding can be in your business bank account within 24 hours.
The best time to secure laundromat financing depends on your specific needs and financial situation. In general, it’s a good idea to apply for financing when you need it, rather than waiting for a desperate situation. It is also beneficial to review offers when you have a clear understanding of your business’ needs and goals.
