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
Options to Finance Your Car Wash
Car washes can be an excellent investment opportunity for just about anyone and there are available options to finance your car wash. Building the right car wash in the right location can give you solid...Read More
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
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
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
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