Webinar: Car Wash Business Financing
Eastern Funding is hosting a Car Wash Business webinar on Wednesday, April 21, 2021, at 1 pm Eastern. We will cover topics of interest to existing owners and prospective investors including: The state of the...Read More
Car Wash Business – Free Online Info Resources
The dream of starting or funding a business is highly exciting, but getting started and continuing to expand can be daunting, challenging, and confusing. For that reason, there is a plethora of online and in-person...Read More
The SBA Defers EIDL Payments until 2022
Read more at SBA.gov The United States Small Business Administration announced that it will allow deferred payments from businesses that received loans as part of the COVID-19 EIDL program. The SBA will also be increasing...Read More
An Overview of the SBA’s 504 Loan Program
This article by Jennifer Whitney, National Business Manager, originally appeared in the February 2021 issue of Planet Laundry magazine. To view the original article, click here. The Small Business Administration’s 504 Loan program is a...Read More
Easy Tech Trends To Become More Profitable
In this guest post, Alex Jekowsky, CEO and Co-founder of Cents discusses some tech trends that can help laundry businesses become more profitable. Now is a great time to be a laundromat owner. With...Read More
Matt Westphal Joins Eastern Funding
Eastern Funding, LLC, a leading commercial lender to vended laundries, dry-cleaners, convenience stores and other businesses, is pleased to announce that industry veteran Matt Westphal has joined Eastern Funding as a Loan Officer. Laundry Industry...Read More
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