Can my laundromat get a business loan to add more machines?
You're turning away customers because all your washers are full on weekends. The empty storefront next door just became available. Your landlord will let you expand, but traditional banks want two years of tax returns and six months to decide. By then, your competitor grabbed the space and your overflow customers. A quick business loan with an easy process lets you move at your own speed.
How laundromats use expansion funding:
- Add more machines: Each additional washer-dryer set can generate $5K-10K monthly.
- Specialized services: Add dry cleaning services, commercial accounts, or wash-and-fold to capture new customer segments.
- Second locations: Replicate your successful model in another neighborhood while your reputation is strong.
QuicLoans understands growth opportunities don't wait. If your laundromat has been consistently depositing $10K+ monthly and you've been operating for at least 3 months, you likely qualify for expansion funding.
The best time to expand isn't when you're desperate. It's when you're busy. It's when you don't have time to expand. Strong laundromats use quick funding to capture growth opportunities without getting entangled in a time consuming and uncertain process. With QuicLoans, get approved in hours, and funded within a day. Start generating new revenue next week instead of next year.
Looking for more laundry funding information? Explore all laundry business loans →