4 Ways to Finance a Laundromat with Dave & Carla Menz

Whether buying or building, laundromats are a big investment! Luckily, there are many options out there to help you finance that investment and start you on your entrepreneurial journey into the laundry industry!Referenced Links: Our Sponsor: H-M Company Drain Troughs: https://www.draintroughs.comOur Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryOur WDF & Delivery Workshop: https://laundromatmillionaire.com/pick-up-delivery-workshop/LaundroBoost Marketing Company: https://laundroboostmarketing.com/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/Eastern Funding: https://www.easternfunding.com/Alliance Financing: https://distribution.alliancelaundry.com/finance/Prime Capital Financing: https://www.goprimecap.com/laundry-financingImage: https://helloskip.com/blog/sba-express-loansImage: https://www.fptransitions.com/blog/lending-for-successors-what-advisors-need-to-knowLM Episode with Mike Fingers: https://youtu.be/35Od9WsLHD8LM Episode on SanOWash: https://youtu.be/uba2xsLJh_ELM Episode on Perfect Pour: https://youtu.be/LTz_7kC-vgQCodie Sanchez Podcast: https://www.youtube.com/@PodcastBigDealTimestamps00:00 Episode 89 Intro00:41 Spotlight – Black Friday Sales Events02:20 Episode’s Focus03:27 Good Debt vs Bad Debt and Consumer vs Business Debt10:21 Assessing the Risk of the Debt12:16 Lender Type #1: the SBA19:54 Lender Type #2: Conventional Loans31:53 Lender Type #3: Industry-Specific Loans40:42 Our History of Equipment Loans & Renovations44:24 Lender Type #4: Seller Financing 45:06 The Art of Negotiation47:15 Buying & Selling Laundromats52:43 Our History of Seller Financed Deals58:44 Closing Remarks