Laundromats are prized for steady, largely cash-based revenue and low staffing — but the machines are expensive and utilities are relentless. Funding covers equipment, retooling, and expansion into a second location.
What laundromat owners use funding for
- Commercial washers and dryers ($3K–$20K each)
- Card and mobile payment systems to replace coins
- Store retooling, security cameras, and seating
- Water heaters and utility-efficiency upgrades
- Acquiring or building a second location
How much can you borrow?
Laundromats typically borrow $20,000 to $500,000. A machine refresh suits equipment financing; buying or building another store suits a term loan or SBA-style financing.
The cash-flow challenge for laundromat owners
Front-load washers and large dryers are costly and wear out on a schedule, while water, gas, and electricity eat margin every month. Because much revenue is unattended, lenders lean on utility records and card-payment data to verify sales.
Tip: Converting from coin to card/app payments creates a clean revenue record — which itself makes future funding easier and faster.
Best financing options
Machines are a natural fit for equipment financing, with the equipment as collateral. Expansion or acquisition suits a term loan or SBA loan, and utility upgrades can be covered with working capital.
Before you sign any offer, run the numbers through our business loan & MCA calculator to see the real APR and total payback.
Fund your laundromat
Re-equip, modernize payments, or expand — financing for steady-revenue stores.
Check My Funding OptionsFrequently asked questions
How do laundromats qualify for equipment loans?
The washers and dryers serve as collateral, so approval leans on the equipment value plus your utility and payment records rather than heavy documentation.
Can I finance a laundromat purchase?
Yes — buying an existing laundromat is commonly funded with a term loan or SBA-style financing, using the equipment and revenue history as support.