Owning a laundry company can be a relatively stable business, and translate to viable monthly profits. If you currently own a laundry business and are ready to upgrade your equipment, or if you are looking add another laundromat location, investing in your equipment is the next big step.
To Buy or to Lease?
Sure owning your laundry equipment will ultimately be cheaper. But as time passes, so does the quality and functionality of your equipment. Being stuck with out-to-date or obsolete equipment can seriously hurt your laundromat’s profitability, and can deter potential customers from choosing your company over another.
Plus, laundry machines and other equipment can expensive, and the idea of buying equipment outright may not be a possibility. In this case, leasing and financing would be your best option. There are different ways to receive financing such is going through a bank or broker, but these options are often long, tedious, and are filled with hidden fees.
If your company has been in business for at least 2 years and has a decent credit standing, online financing is your best, cost-effective option.
Choosing A Financier
If you currently do not have the cash outright to buy the restaurant equipment you need today, financing is a viable alternative. One option for financing is doing business with your bank, however this process tends to be tedious and time-consuming.
If you business has been in business for at least two years and has a decent credit standing, there is also an option of doing business with American Capital Group.
American Capital Group
Along with our A+ rating by the BBB- credit bureau, we have over 20 years of industry expertise to guide your practice in the right direction.
1. Be the experienced, dependable partner you need to communicate with for customized services, industry advice, and overall communication.
2. Provide your business with our Lowest Payment. Guaranteed. promise, which will provide your business with the lowest monthly payments in the market.
3. Secure your financing and funding for your equipment fast & easy, in our 4 step process.
4. Use our own funds since we are a Direct Lender, and put together competitive deals and payment programs.