Can my laundromat get a loan if I have bad credit?

Quick Answer: Yes, laundromats can qualify for funding with credit scores as low as 450 by showing consistent revenue deposits.

Maybe you maxed out credit cards buying washers when you first opened, went through a rough divorce, or that expansion to offer dry cleaning hasn't paid off yet. Your credit score took a hit, but your laundromat still cleans clothes and makes money. QuicLoans focuses on your business and revenue deposits, not old personal financial challenges.

What actually matters to QuicLoans for laundromat funding:

Monthly deposits: Consistent revenue deposits of $10K+ shows you have steady customers and cash flow to support a loan payment.
Time in business: Just 3 months in business meets our minimums.
Bank account activity: Regular business bank deposits and minimal overdraft activity demonstrate all the strength our underwriters need to approve your business.

Traditional banks want 680+ credit scores and might take weeks to reject you anyway. QuicLoans can approve laundromats with FICO scores as low as 450, often within hours of application.

Our business loans won't appear on your personal credit report either. Your laundromat is the borrower, keeping your personal credit clear for your mortgage, car loan, or personal needs. The funding decision is based on your laundromat's performance, not your personal financial past.

Your credit score doesn't have to stop you from getting the working capital your laundromat needs.

Looking for more laundry funding information? Explore all laundry business loans →

10,000+ Businesses Have Trusted QuicLoans

We do it the right way. No pressure, no endless calls. Just smart, fast funding from people who know what they’re doing.

WE KNOW THE TERRAIN

We’ve guided thousands through this before. We’ll get you through clean.

ALWAYS UPFRONT

Clarity when you need it most, from a team that values your time and trust.

DONE FAST & RIGHT

Organized. Deliberate. Built to deliver without chaos or guesswork, every time.

PARTNERS NOT PROSPECTS

We treat every transaction as an opportunity to earn your next one.

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Solve the problems you're facing.

We're More Than Just Speed

These advantages make a QuicLoans loan the smart choice. When funding works for you, it’s just common sense.

Quick Funding
Fast isn’t a feature, it’s the foundation. Our quick business loans deliver funds in as little as 3 hours, without the usual friction.

You get working capital exactly when you need it.
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Unsecured
No collateral required. We approve based on business strength, not what you’re willing to risk.

Your property, equipment, and assets stay separate.
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Tax Deductible
Interest on business loans is almost always tax deductible, which means your cost of capital could be lower than you think.

You retain capital and reduce the true cost of borrowing.
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No Personal Credit Impact
We don’t report to personal credit. Your business is the borrower, the way it should be.

Your credit report stays unaffected for mortgages, refis, auto loans, and more.
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82%

of small businesses fail due to lack of cashflow, not lack of demand.

— 2024 U.S. Bank study

Your Laundry Service’s Next Move Starts Here

You’re ready to solve your problem. We’re ready to fund you.

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Can my laundromat get a loan if I have bad credit?

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