Financing a Laundry Business


Financing a Laundry - Coin Laundry Association


Details:

Financing for a brand-new laundry is considered by banks as venture capital, which is a market in which they are not typically involved. Being regulated by the government, most banks are precluded from using bank funds for start-up businesses‚ unless they have 100 percent collateral outside of that business. For owners who are building an additional store, such as a second or third laundry, this loan would no longer be considered a start-up. It would often be referred to as an expansion and banks have more leeway in this case.


Website: http://www.coinlaundry.org/investor-resources/financing
Contact: coinlaundry.org


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