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Financing and Budgeting for Commercial Laundry Solutions

commercial laundry financing

Table of Contents

Commercial laundry equipment has come a long way in the past twenty years, or so. They are capable of performing better, programmable, and even better at saving energy and the environment. They also don’t come cheap. Financing your new commercial laundry equipment can leave you overwhelmed. But there are solutions to your problems.

Financing Your Commercial Laundry

Once you have figured out what you want to do or the type of equipment you need, then you need to look at your budget. Maybe you are opening a coin laundromat, need washing and drying equipment for the gym you manage, or a small hair salon.

Financial Institution

Many people don’t know where to start, so if it is your own business that requires the commercial laundry equipment, you can always apply for a business or equipment loan.

There is no guarantee you will get the loan or the amount you have requested. There are also many variables that come with these, not to mention the deep dive into your financials and background.

Manufacturer Financing

The companies that make commercial laundry equipment may have some kind of financial support in place to help you. They may also offer some types of discounts or incentives available in order to make your purchase easier.

Dealer Financing

One of the better options for most businesses for financial aid is through a commercial laundry equipment dealer. Whether you need new equipment, upgrades, or replacements, you not only get equipment but options.

You can buy the machines outright, and they will come out, install them, and take away the old ones if needed. They may have several options for buying the equipment, like zero down, no payments for several months, or other incentives.

They can also sell you refurbished used equipment that will still come with service and maintenance and a warranty. That will save you a lot of money and you still get great equipment.

You may want to consider leasing the equipment you need, as well. Leasing gives you a lot of wiggle room when it comes to payments, maintenance, and warranty.

With leasing, you often sign on to lease the equipment over several years. You know exactly what your payments are going to be every month and if something goes wrong, the dealer covers it.

This is often the preferred way to get expensive equipment. It is particularly handy if you manage a hotel or hospital. Having a team of maintenance people at the organization can leave them stretched pretty thin.

If you lease the equipment, they are serviced regularly, often emergencies are taken care of promptly, and you don’t need to budget for them, as that will all be taken care of in your monthly payment.

Finding the Best Commercial Laundry Equipment Dealer

Some dealerships will also offer you an on-demand where they will help you take care of the equipment, parts, and service. RJ Kool has a preventative maintenance program, a rental program, which is really leasing, and extended parts and service programs.

That way, you can rest assured that your equipment will be taken care of when you need it. With leasing programs, even a really expensive problem isn’t your problem.

When your equipment needs replacing, leasing is a great way to go. There are never any surprises when it comes to the monthly cost and that frees up your budget for the other equipment that needs attention, as well.

Contact RJ Kool to find out more about getting new or used equipment for your company or organization. Let them worry about your equipment, you have enough to worry about on your own.

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