Setting up a commercial laundry operation? Need to upgrade washing and drying machines in an in-house laundry department? Increased demand requiring additional machines in your laundromat business? Whatever the scope or scale of your operation, speak with us about cost-effective financing for laundry equipment.
As specialists in the commercial lending sector, we provide business operators with a comprehensive service for securing the most competitive laundry equipment loan interest rates and structuring individual solutions to work with the business set-up. Our brokers find operators the best interest rates on the market to minimise funding repayments and keep outgoings on budget and enable them to keep their customer prices attractive to drive demand.
Commercial, retail and in-house laundry service operators can access our expert brokers directly, with no referral. Using our professional services and comprehensive portfolio of laundry equipment financing products to fund new machine purchases. For a quick quote on a loan for washers, dryers, dry cleaning machines, and other equipment, use our online systems or give us a call.
Financing laundry equipment is available through Jade Finance for all types, models and brands of machines used by commercial operators and in in-house facilities.
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Retail laundromat businesses, commercial laundry services, providers of facilities to apartments, self-serve set-ups, and managers of hospitals, educational institutions and aged care facilities across Australia can easily connect with us for their laundry equipment loan.
We source the most competitive rates and workable terms on laundry machine loans for washers and all types of commercial clothes dryers, cashless laundry machines, heat pump dryers, ironing and finishing machines, disinfecting and sterilisation machines, and dry cleaning machinery.
Laundry equipment financing is available for both new and used models, purchased through dealers or from private sellers.
Our expert brokers individually source and structure solutions to suit the life cycle of the machines, with financing available on single units and complete business set-ups with multiple machines.
To discuss finance for laundry equipment, tailored to your specific needs, contact us by phone or online for a free quote.
To discuss your specific funding requirements, have an initial conversation with one of our brokers, or just request a quote.
Our guides offer quick comparisons and simple explainers to help you cruise through the financing process with confidence.
The right credit facility can have a major impact on the effectiveness and outcome of the laundry equipment loan. The loan type needs to be compatible with the method of accounting used by the business, their approach to ownership of assets while a loan is being repaid and hence the balance sheet, their tax deduction preferences, and the overall financial objectives they have for their enterprise.
As commercial lending specialists, we provide operators with the full selection of asset acquisition credit products to finance laundry equipment. Business owners can select the most suitable loan type for their set-up from Rent-to-Own, Leasing, Chattel Mortgage and Hire Purchase financing. It is advised that business owners consult with an accountant for assistance in selecting the credit facility best suited to their objectives.
Your Jade broker will be sourcing the best quote from across our vast lender panel. Focussing on securing the best laundry equipment loan interest rates and the most suitable terms to ensure a tailored package to suit individual requirements is achieved.
Commercial credit products allow for the machinery to be used as the collateral for the loan. Businesses with strong applications are generally not required to provide additional security. The full purchase price of the machines may be included in the loan total, subject to lender approval.
Where an operator is setting up a new laundry business and requires multiple machines, our brokers work to secure a comprehensive loan package.
Our laundry equipment loans have a fixed interest rate which does not change over the term of the loan. Terms are negotiated and fixed. The fixed rates and terms deliver a fixed repayment schedule which we negotiate to work with cash flow. Balloons, residuals and buyback options are available for the relevant credit products.
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Providing the financials for the business is an integral part of applying for a laundry equipment loan. Where a business operation is in the process of setting up, is small and has low turnover, or for other reasons, has no financials, we have solutions.
Through our specialist lenders, we have access to Low Doc and No Doc Laundry Equipment Loans. Allowing operators to set-up a new business by purchasing the necessary machines with affordable, workable financing.
Speak with us about the requirements for approval for this specialised financing.
Finding and getting approved for the best interest rates on laundry machine finance can be a challenge for hard-working operators with little time to cover the vast lending market. Using our expert services allows operators to save time and have the best rates sourced for them by experienced lending professionals.
Rates do vary with different lenders and the guidelines used by lenders to offer rates and approve applications also differ. Connecting with the lender that knows the commercial laundry industry and best suits the individual aspects of the application, can be critical to being offered the best rates. We have access to over 80 lenders in the commercial market, providing us with the opportunity to secure the best available rates from the right lender, to suit each customer.
We do the work for our customers. Selecting the most suitable lender from our panel which includes the main banks as well as non-bank lenders that specialise in finance for specific industries. Your Jade broker handles all aspects of your laundry equipment loan – sourcing the right lender, negotiating the best rates and terms, processing your application, and assisting with settlement to speed up delivery of your machines.
To enjoy the relief and support of having experts in commercial lending handle your laundry equipment financing requirements, contact us online or by phone.
Applying for finance for laundry equipment with Jade is a simple, straightforward process. Speak with one of our brokers, provide your financials and details of the machines you are purchasing, and we will handle the process.
Customers are assigned their own Jade broker for fast, direct and clear communication. We process applications through the most suitable lenders for quick approvals and fast availability of the credit to purchase machines.
Applications can be made via our online system or over the phone. Apply today for 24 hour laundry equipment loan approval.
When planning purchases of new machines, use our laundry machinery loan calculator for budgeting, comparing different models and setting preferences for loan terms, balloons and down payments. The device is free-to-use and available 24/7.
Start planning and contact us for a specific quote to make those final decisions.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 19/09/2024 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.
Machinery and equipment used in a business enterprise can be financed with Leasing, Chattel Mortgage, Commercial Hire Purchase or Rent-to-Own credit facilities.
Interest rates on asset finance vary with the different credit facilities, with individual lenders, and will depend on the credit profile and financial position of the applicant. Rates advertised by lenders are generally for new machines and for business operators with a good credit rating.
Start-up businesses generally do not have all the financial information needed for the application form. They may contact brokers to access no doc loans.
To apply for commercial financing, businesses must have an ABN, ID and provide financial documentation on the business. The documentation includes annual accounts, income tax returns, BAS returns, asset and liability schedules, profit and loss statements, turnover, etc.
Tax deductions are available on all types of commercial credit. Chattel Mortgage and CHP have tax deductions when the machine is depreciated. Leasing and Rent-to-Own have tax deductible repayments.
Where multiple machines are required to be financed in the one loan, businesses will need to negotiate with lenders or through a broker for a financing package. The approval and outcome will be subject to individual lender guidelines.
Both new and second-hand business assets can be financed.
A balloon payment is the percentage of the loan total which is due for finalising after the last repayment is made. Including a balloon in a loan may reduce monthly repayments.
In choosing the most suitable loan type, business owners need to check suitability with their accounting method, balance sheet and tax strategy and general objectives. Consulting with an accountant is advised.
Business owners can use an online calculator to obtain loan estimates without requesting a quote or applying for finance.
