Working Capital for Laundromats
Laundromats depend on a full floor of working washers and dryers, and a handful of broken machines can meaningfully cut daily revenue until they're repaired or replaced. Paz Funding Source funds laundromat owners for machine upgrades, facility improvements, and multi-location growth.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so laundromats never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Washers and dryers wear out from constant commercial use, and a broken machine sitting idle directly reduces the location's daily revenue.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. A full equipment upgrade or replacing an aging fleet of machines requires a large upfront cost that takes time to earn back in quarters and card swipes.
One approval, draw what you need, and return for additional funding as your laundromats business performs. Utility costs for water, gas, and electricity are a major fixed expense that doesn't scale down on slower days.
Replace or repair washers and dryers to keep the full floor running.
Renovate the space or upgrade utilities to lower operating costs.
Open a new location or add a second laundromat to the portfolio.
Yes. Working capital is commonly used to replace aging or broken machines so the full floor stays in service.
Yes. Funding can go toward equipment, buildout, and lease deposits for an additional location.
Repayment is a fixed daily or weekly amount based on your revenue, and there's no requirement to change how you collect payment from customers.
Paz funds laundromats from $2,500 to $5,000,000. Most laundromats qualify for $15,000 - $150,000, based on monthly revenue and time in business rather than collateral.
A US business that has operated for at least six months with $10,000 or more in monthly revenue, your last three months of bank statements and your EIN. The application takes about five minutes, and there is no hard credit pull to get pre-qualified.
Laundromats funding, approved in as little as 24 hours