Funding for your situation
The real cost of adding a second location, what funders look at, and a worked example using illustrative figures.
✓ Checking what you qualify for does not affect your credit score.
For laundromats, capacity usually comes one second location at a time. The machines run at capacity on weekends, and the building next door has the right plumbing. The decision is rarely whether to add it; it is how to pay for it without starving the operation that funds it.
Merchant Fund Express is a funding marketplace: you apply once, and the file is matched to the structure that fits it. The sections below show what this situation usually costs, how a funder reads it, and what to prepare.
Compliance touchpoints for a laundromat often include building permit and plumbing and gas permits, which can come up when the request involves a new site, a purchase or a significant change.
A laundromat file is read through deposit stability and card versus coin mix, utility cost as a share of deposits and equipment already financed.
Steady daily deposits from card systems and coin, with predictable utility costs. A reviewer sees that pattern in the statements before reading a word of the application.
Equipment is part of the picture. A failure such as a dryer motor and burner or a card reader network can run $3,200 to $6,500 and interrupt revenue while it is down.
These are the same factors described on revenue and deposit requirements and time in business. Merchant Fund Express walks you through how your own file reads before you apply.
| Cost item | Illustrative amount |
|---|---|
| Commercial washers | $36,000 |
| Dryers | $28,000 |
| Card system and kiosk | $9,000 |
| Plumbing and venting | $14,000 |
| Cushion for overruns and slow early weeks (about 10%) | $8,500 |
| Funding need for one more second location | $95,500 |
Sizing check. If the full repayment shown in an offer were $125,000 over about 26 weeks, the weekly debit would be about $4,808. Against illustrative monthly deposits of $155,000 (about $35,769 a week), that is roughly 13% of weekly deposits. Your own offer states the real repayment amount in dollars; run your numbers on the factor rate calculator before you accept anything.
Source: worksheet by Merchant Fund Express. Illustrative only: these figures are not an offer, and real amounts depend on your file and the funder.
A real cost of the move that is easy to leave out of the first estimate.
A real cost of the move that is easy to leave out of the first estimate.
A real cost of the move that is easy to leave out of the first estimate.
A real cost of the move that is easy to leave out of the first estimate.
A complete file is what makes a same-day decision possible. If something is missing, tell us and we will work around it.
Merchant Fund Express gives a same-day decision on a complete file, and funding is typically the next business day after signing. The quote or bill of sale for the second location is the document that usually moves things along.
It can be either. If the purchase is a single asset with a quote, equipment financing may fit; if you also need payroll and supplies for the ramp-up, working capital covers the whole package.
Often yes. A used purchase can shorten the payback, and a quote or invoice from the seller is what the file needs.
The minimum FICO is 500, and better credit means better products and terms. See credit score requirements for how the tiers work.
Merchant Fund Express gives a same-day decision on a complete file. Applying takes a few minutes and will not affect your credit score.
