Reply To: First Laundromat Financing ?

[Fernando Campos]

I had the same question what comes first the chicken or the egg, the broker or the financing?
Don’t quote me on this but I’m finding that because it’s a cash business, SBA loan may not be an option since it’s difficult to prove gross income and most loans require 35-50% down.
What is a good loan option where I can put down 25% or less considering the closing cost and the first month of the lease?