Draw funds when a machine breaks or a bill spikes. Apply once in about 5 minutes with bank statements, no tax returns needed.
Apply for a LineLaundromat Line of Credit
Gaskets, boards, service calls and utility swings rarely come one at a time. A line of credit gives your laundromat a ready source of funds on clear terms.
Amount to request
$85,000.00
Funding range$25K to $5M
*Sample amounts shown. Your actual offer depends on your business and is reviewed before approval.
Apply in about 5 minutes with about three months of statements. Qualified businesses can be funded in as little as 24 hours.
We weigh your store's deposit history alongside your credit, so a lower score is not the end of the conversation.
Your offer shows the repayment terms before you accept, so there are no surprise costs after you sign.
How draws are repaid is laid out in your offer up front, so you always know what is coming.
Fast decisions. Applying takes about 5 minutes.
A short application. A soft credit pull to start.
We review revenue, time in business and bank activity, not just a credit score.
You see the amount, the schedule and the full repayment amount before you sign.
Funding in as little as 24 hours for qualified businesses.
Most laundromat expenses are not one big purchase. They are a steady drip: a door gasket here, a coin mech there, a control board that fails on a Saturday, a gas bill that comes in higher than last month. A business line of credit fits that rhythm. Instead of applying every time something comes up, you have access to funds you can draw from when you need them.
That kind of standby access is especially useful for owners who run older equipment or more than one location, where small surprises add up quickly.
Qualified businesses can be funded in as little as 24 hours. The size of a line depends mainly on your deposits and existing obligations.
Owners tend to use their line for:
Not sure whether a line or an advance makes more sense? Our comparison of line of credit vs. merchant cash advance for laundromats breaks down the differences.
A line is most helpful when it stays a tool for timing gaps, not a permanent extension of the operating account. Draw for things that keep machines running or bring revenue in, and repay before you lean on it again. If one big purchase is on the horizon, such as replacing a full row of washers, equipment financing for laundromats may be a better match.
Our line of credit is built for established laundromats with steady deposits. Sole proprietors can apply, and FICO scores from 500 are considered. Credit is weighed with your deposit history, not on its own.
Apply now to see what is available for your store.
Working capital is typically funded in one amount. A line of credit gives you access to funds you can draw from as needs come up, according to the terms in your offer.
General business needs such as repairs, supplies, utilities and payroll for your laundromat.
We start with a soft credit pull, which does not affect your score the way a hard inquiry can.
No. We review about three months of business bank statements and a short application.
Your offer explains how draws and repayment work and shows the repayment terms before you accept, with no surprise costs after you sign.
Example uses for illustration only.
Small operating habits can help your laundromat qualify for a stronger line.
One secure application. A soft credit pull to start. No obligation to accept an offer.
Apply for Funding