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Practical, Workable Laundry Equipment Loans for Commercial and Retail Operators
We provide practical and workable funding solutions for retail and in-house laundromat operators and commercial washing services providers purchasing new machines. Whether starting a new enterprise, upgrading washers and dryers in an institution or apartment complex or expanding a heavy commercial or dry cleaning set-up, operators can access our specialist commercial lending services for lower interest rate machine financing, with no referral necessary.
This won't affect your credit score
Get Competitive Rates for Laundry Equipment Loans
Compare Lower Interest Rates for Laundry Equipment Finance
Our lower interest rates are key to ensuring our clients achieve lower outgoings and commitments on their machine financing. Lower commitments to ensure they can continue to offer competitive customer prices for sustainability and profitability. Compare our rates as a guide, and call us for a confirmed quote.
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Disclaimer: The comparison rate displayed is calculated for a loan of $30,000 over 5 years. The results from this calculator should be used as an indication only. Quoted repayments are based on advertised rates and do not include lender fees and charges. Results do not represent either quotes or pre-qualifications for a loan. The specific details of your loan will be provided to you in your loan contract. It is advised that you speak with us so that we can provide you with advice that is tailored to your situation.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 19/02/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Today's best rate
Finance Equipment From
4.99 % Fixed
* The interest rate is calculated on a secured loan for commercial use, effective 19/02/2024 and subject to change. Warning: the interest rate is only true for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different interest rate.
Expert Lenders
Get Specialist Lender Experts to Source Affordable Laundry Equipment Loans
Using our expert commercial lending services provides operators with the benefits of our 20+ years of experience, extensive coverage of and leverage in the commercial lending sector and superior skills and acumen in structuring funding solutions. We handle the entire funding process on behalf of our clients. From the initial briefing call, to identifying the right lender, sourcing the lowest interest rate quote, negotiating on tricky conditions, structuring terms and balloons and finalising settlement.
Tax deductions can make a significant difference profitability. Our brokers are current with Australian asset acquisition taxation rulings to enable us to effectively structure tax-optimised funding solutions.
We are an Australian owned and operated company with a team of highly skilled brokers based in Australia. We know the current economic challenges and opportunities that our clients are dealing with and source finance to minimise the downsides and maximise the upsides.
- 20+ years experience in commercial lending.
- Australian owned, based and operated company.
- Member FBAA, Licensed Credit Provider by ASIC
- Tax-optimised solutions.
- Highly skilled brokers with current, local knowledge and insight.
Connect with Expert Lenders for Specialised Finance Solutions
How to Get Access to Laundry Equipment Finance Specialist Lenders
Operators often face problems finding the right lender that understands the commercial laundromat and washing services industry. Some may have challenges in regard to their application not meeting the criteria to get approved. We address these challenges with our accreditations with more than 80 lenders. Our lender panel includes the major banks, multiple other banks, finance companies and non-bank lenders that specialise in key sectors and options.
These channels provide our clients with the opportunity to achieve a financing offer at the lowest rates available on the market and which has been tailored to suit washing services providers.
- Access 80+ lenders for lower rates and tailored solutions.
- Lenders specialising in laundromats and washing services.
- Australia-wide services.
Explore Various Loan Options
Types of Loans for Laundry Equipment
The selection of the most suitable credit product for an enterprise is a crucial decision in ensuring the financing works with accounting methods, the approach to the balance sheet, the way taxation is handled and will continue to work towards achieving key objectives over the term of the loan. We handle the full portfolio of options but recommend clients first speak with their accountant to decide which is the best option for them.
- Chattel Mortgage for Laundry Equipment
- Lease Laundry Equipment
- CHP for Laundry Equipment
- Rent to Own Loans for Laundry Equipment
Tailored Financing Solutions for SMEs, Start-ups, and No Financials
Laundry Equipment Finance Solutions for SMEs, Start-ups and No Financials
As specialists in commercial lending, we offer options for all types of enterprises, including those that typically face challenges when sourcing cost-effective funding.
- Loans with No Financials for Laundry Equipment
- Low Doc Laundry Equipment Finance
- No Doc Laundry Equipment Loans
- SME Laundry Equipment Finance
- Start Finance for Laundry Equipment Operators
- Loans for Equipment for New Laundromats
- Used Laundry Equipment Loans
- Bad Credit Loans for Laundry Equipment
Financing Options for All Machine Types and Brands
How to Get Loans for Laundry Equipment – All Machines, All Brands, New and Used
Our funding options cover all types and brands of machines used in commercial operations, apartment complex facilities, hospitals, aged care home facilities, self-serve laundromats, dry cleaners and machines purchased by companies installing and operating coin/card and cashless washers and dryers in apartment and commercial complexes.
- Self-serve retails laundromat equipment loans
- Loans for Coin/card operated washers and dryers
- Finance for top load and front load washers, front load dryers, cashless systems machines, combination washer/dryer and stacker units.
- Commercial financing for heat pump dryers, commercial capacity washing machines and medical barrier washer extractors.
- Commercial ironing and finishing machine finance.
- Finance for laundry sterilisation and disinfecting machines.
- Dry cleaner equipment finance.
Streamline Your Business with Quick Approvals
Fast Approval of Applications for Laundry Equipment Loans
To obtain quick estimates as a guide and for planning purposes, use our online calculator and contact us to apply over the phone. We can have many applications approved in 24 hours so clients have the funding to proceed with their acquisitions without delay.
FAQs
Laundry Equipment Loans
The full range of asset acquisition funding products are available for washers and dryers and other laundromat equipment. These include Rent to Own, CHP, Lease and Chattel Mortgage.
The interest rates are different for the different credit products. Rates will differ for different applicants as lenders assess the credit profile, amount requested and other details in preparing a funding offer. The advertised rates can be used as a guide prior to application.
Some banks and lenders have a minimum trading period of 12-24 months and full financials to get approved for funding. New operators may seek low doc and no doc option through specialist lenders.
Applicants without financials can seek no doc and low doc specialist funding through non-bank lenders and brokers.
All commercial funding include tax deductions. The monthly payments on Leasing and Rent to Own are tax deductions. Depreciating the washers and dryers financed with Chattel Mortgage and CHP represent the tax deduction.
Yes. Commercial lenders and brokers typically work with clients to combine multiple units being purchased at the same time from the same supplier into the one financing arrangement.
The same credit products that are available for new machines are also available for used machines. But the interest rate can be different for used machine financing.
A balloon is relevant to CHP and Chattel Mortgage. It is a portion of the loan amount that is due for payment in full at the end of the financing term. A balloon may be refinanced.
When applying for funding, applicants typically discuss the term of the funding with the lender or broker. All terms are subject to lender approval. Terms of up to 7 years can be approved for some applications.
Yes. Applications can be submitted and approved prior to purchase. Pre-approved funding is approved based on an estimated amount with the exact details finalised after purchase.
Our Lenders
Trusted by 60+ lenders Australia-wide
Trusted by 60+ lenders Australia-wide
