4 steps to financing a brand new laundromat (Infographic)
On the road toward a new laundromat? Starting a new company is so much more than finding a few machines and opening your doors, and if you want customers to start pouring in, you’ll need... Read More
Nancy Robles Promoted to President of Eastern Funding LLC
Eastern Funding LLC announced that Nancy Robles has been promoted to President. She previously served as Chief Operating Officer. Michael Fanger, Eastern Funding’s Chief Executive Officer, notes “Nancy has distinguished herself in holding our teams... Read More
Money Talk with Marc – Episode 2
Episode 2 – The Personal Financial Statement Many lenders require an individual borrower to submit a personal financial statement as part of the loan process. In this episode Money Talk with Marc, Marc Stern answers... Read More
Laundromats save water vs washing at home
As drought seeps over the West and other parts of the country, water conservation in those areas is being encouraged and even enforced in some places. One of the greatest impact of the drought... Read More
Brian Grell receives CLA Award at the Clean Show
Brian Grell was recognized at the Clean Show for his outstanding work on the board of the Coin Laundry Association. The CLA’s Chairman Award was presented to Brian during the CLA’s annual business meeting and... Read More
Customer Success Story – Oz Laundry
Oz Laundry in Decatur, Georgia, is a vibrant store. The overall design, including the vivid colors and spacious layout, makes this welcoming laundromat appealing to customers. The operator, Stan Sugarman, is skilled in building great... Read More
Laundromat Financing Customer Testimonial – Wash Bowl Laundromat
The multi-store owner of Wash Bowl Coin in GA, Helen Kim, represents another one of Eastern Funding’s many customer success stories. Wash Bowl is a lively store with its colorful designs and bright posters. The... Read More
Laundromat Profile – Bustin Suds in Atlanta
The father and son team of Omer and Abdul Rashad Khan are long time laundry owners. They are good operators who know how to provide customers with a great experience in a modern laundromat. Not... Read More
4 projects that can benefit from an SBA 504 Loan
Post by Jennifer Sabourin | Vice President, Business Development Many projects that involve commercial real estate for your business can benefit from an SBA 504 loan. Here are four example projects for which a business... Read More
Webinar Video: Challenges for laundromats in 2022 and how to succeed
Marc Stern, Eastern Funding Chief Lending Officer, moderated this webinar – Challenges for Laundromats in 2022 – hosted by laundromatresource.com. The panel of laundromat owners discussed the possible headwinds laundromat owners and new investors may... Read More