Funding for Dry Cleaners & Laundromats
Daily cash and card volume is as steady as small business gets — a clean fit for an MCA — and equipment financing covers washers, dryers, and boilers with the machines as collateral.
A laundromat or dry cleaner earns in small, relentless increments — loads, garments, day after day — and spends in sudden lump sums. A commercial washer bank, a dryer pocket, a boiler, a pressing station: each runs five or six figures to replace, and each takes revenue down with it the day it fails. Utilities and rent hold steady whether the machines are spinning or not. Banks see a small cash business; we see some of the steadiest daily volume on Main Street. Broadway funds it: one short form, three months of bank statements, soft credit pull, same-day decision, funding in as little as 24 hours.
The challenge
The machines are the business: when a washer bank or a boiler goes down, revenue stops in place. Replacement equipment runs five and six figures, and utilities never take a month off.
How Broadway Advance helps
Daily cash and card volume is as steady as small business gets — a clean fit for an MCA — and equipment financing covers washers, dryers, and boilers with the machines as collateral.
What owners use it for
- Replace or expand washer and dryer banks
- Repair or replace the boiler and pressing equipment
- Renovate the store and upgrade lighting and seating
- Convert machines to card and app payment systems
- Launch wash-dry-fold and pickup-delivery service
- Acquire a second location or an existing laundromat
See your real number in about five minutes.
Apply nowFunding options that fit dry cleaners & laundromats
Equipment Financing
Buy the equipment you need; the equipment itself secures the deal.
Up to 100% of equipment cost →Merchant Cash Advance
Immediate cash today in exchange for a small slice of future sales.
Up to $2,000,000 →Term Loan
The lowest rates and longest terms, with predictable monthly payments.
Up to $5,000,000 →Dry Cleaners & Laundromats funding questions
Can I finance a full washer and dryer replacement instead of doing it piecemeal?
Yes, and it often beats piecemeal. Equipment financing covers up to 100% of the cost with the machines as collateral, so a full bank replacement does not drain your cash — and newer, larger-capacity machines typically raise revenue per square foot while cutting utility cost per load. Replacing one failing unit at a time means living with downtime indefinitely. Bring the distributor quote and three months of statements; the decision comes the same day.
My boiler died and the store can't run without it — how fast can money move?
This is the emergency our speed is built for. The decision comes the same day you apply, and funding can land in as little as 24 hours — an MCA approves on your deposit history, with no collateral review to slow it down. The honest trade-off: an advance costs more than bank money. But a dry cleaner without a boiler earns zero, and every closed day sends customers to a competitor. One short form, three months of statements, soft pull.
I want to buy an existing laundromat — will Broadway fund the purchase?
Yes. An operating laundromat comes with the thing underwriters want most: a documented deposit history, steady and recession-resistant. A term loan up to $5M on 3, 5, or 7-year terms fits the purchase, with the best rates for buyers with good credit, and equipment financing can carve out the machine refresh many acquisitions need on day one. Bring the seller's financials and your statements; we broker across 25+ funders and will structure both pieces.