Financing
Financing your laundromat purchase
Most buyers use a combination of financing sources. Understanding your options early helps you move quickly when the right listing appears.
SBA 7(a) loans
The most common path for laundromat acquisitions. Long terms and modest down payments, typically 10% to 20% down with up to a 10-year term for a business-only purchase.
Seller financing
Many laundromat sellers will carry a portion of the purchase price. Seller notes can bridge a financing gap and signal seller confidence to lenders.
Conventional loans
Banks and credit unions may finance acquisitions for buyers with strong credit and relevant experience, often with larger down payments than SBA.
Equipment financing
Useful when you plan to re-tool a store. Lenders finance new washers and dryers against the equipment itself.
Estimate your loan payment
Use the SBA loan calculator to model monthly payments, then check your cash-on-cash return.
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