5/27/2025 11:15 AM (PST)

I was in the same spot a year ago when I opened my first laundromat, and I totally get the confusion. Traditional banks are usually tough unless you have perfect credit and a lot of collateral. SBA loans are more accessible but have tons of paperwork and a long approval process. I found the most helpful option was working with lenders who specialize in laundromat financing. These lenders understand the industry’s cash flow model and the value of laundry equipment as collateral. I’d recommend checking out this financing for laundromats https://eboostpartners.com/business-loans/laundromat-and-laundry-business/ . It offers a great breakdown of financing options specifically for laundromats, including how much you might need, what terms to expect, and the kind of documents lenders typically ask for. It also talks about equipment loans and working capital, which helped me plan beyond just startup costs.

5/27/2025 12:26 PM (PST)

This is a great topic—laundromats can be surprisingly solid businesses when financed and managed properly. I haven’t opened one myself, but I’ve looked into it a bit, and it’s clear that understanding all the loan and leasing options upfront is critical. Seems like specialized financing makes more sense than general business loans. Following this thread to learn more from real experiences—thanks to everyone sharing helpful details!