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Founded in 1998 by industry veteran John O. Semon, The Lessors Network showcases the largest equipment finance community on the Web, providing business leaders around the world free access to breaking news, events, funding sources, technology solutions and outsourcing resources exclusive to a $1 trillion U.S. equipment finance market.

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Laundry Equipment Leasing: Understanding Your Options

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Matt Poe

Financing alternatives can help service providers conserve cash

CHICAGO — When it comes to laundry equipment, service providers have different options for acquisition.

The most traditional is an equipment loan, through which the laundry borrows the money necessary to purchase equipment from a financial institution and pays off the debt according to the terms of the loan.

The challenge for some laundries going this route is the down payment, the initial capital outlay needed to secure the loan and purchase the equipment.

Another financing option that can keep capital in a laundry’s bank account is equipment leasing.

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