Laundry Business Loan
Eastern Funding LLC is a leading business loan company that focuses on the dry cleaning, laundry and convenience store businesses. The company provides financing for equipment purchasing and leasing, and has provided over $500 million in funding since 1997. An executive at the company noted that when it comes to getting financing for small business, experience is an important factor.
He said that it is always easier to get financing for expanding a successful business than for starting a new one. Still, he emphasized that passion and enthusiasm for the business is also a big factor in securing initial financing. Eastern Funding provides a one-stop-shop approach to funding for the laundry business, as it offers loans not just for equipment but also acquisition and refinancing of stores, purchases of real estate, and other loan products.