Now may be the Perfect Time to Acquire and Renovate a Zombiemat
The saying goes that the cream rises to the top. This is evident in the laundromat business during the pandemic. The laundromats that put best practices of operations, customer service and marketing to work are... Read More
Recap: COVID-19 Webinar for Laundries
In case you missed the COVID-19 webinar for laundries hosted by Eastern Funding, here is a quick recap. Marc Stern, Chief Lending Officer at Eastern Funding, was the moderator. The panelists were Rob Maes, who... Read More
The SBA’s Paycheck Protection Program
The SBA’s Paycheck Protection Program (PPP) is aimed at providing loans to businesses to help them keep their employees during the coronavirus (COVID-19) outbreak. Businesses are encouraged to apply for PPP loans through their local... Read More
The CARES Act – What’s in it for Small Businesses?
Senate Committee Releases Guide for Small Business Owners The Coronavirus Aid, Relief, and Economic Security (CARES) Act was recently signed into law. The package of economic relief contains measures to support households as well as... Read More
Laundromats are now Officially Essential Services
CISA adds workers in laundry services, laundromats and dry cleaners to the Essential Infrastructure Workforce List The federal government has listed laundromat workers as part of the critical infrastructure workforce during the coronavirus (COVID-19) response.... Read More
Information Resources for Car Wash Businesses
Information resources that car wash businesses may find helpful in the on-going coronavirus pandemic. The International Carwash Association (ICA) updates with page with safety tips and more – https://www.carwash.org/sharing The ICA also has a weekly... Read More
Are Laundromats Essential Services? We think so.
As stay-at-home orders and restrictions on the types of business that may operate increase, some states are designating laundromats as essential services. The Coin Laundry Association in this article states its position that laundromats should... Read More
COVID-19 Update
The COVID-19 (coronavirus) pandemic will likely affect businesses and the lives of everyone in the short term or longer. At Eastern Funding, we share the public concern about its ongoing and potential impacts. We believe... Read More
How to Create a Successful Succession Plan for Your Business
By Marc Stern | Executive VP Succession planning is a key part of ensuring a business continues operating when there are significant changes in ownership or management. The information below will help guide you on how... Read More
Renovated Grocery Store – Financed by Eastern Funding
Grocery store financing can be challenging to access with local banks. On the other hand, Eastern Funding offers simplified and straight forward financing for grocery, deli and convenience store business in the northeastern part of... Read More