Blog

September 17, 2024
Eastern Funding would like to congratulate the entire LaundryCares Foundation team for winning the prestigious Library of Congress Literacy Award and a $150,000 prize! This recognition serves as a testament to their...
August 26, 2024
Eastern Funding hosted it’s Laundry Business Workshop in Melville, NY on July 17th. The event drew in a large audience of more than 100 participants, consisting of laundromat proprietors, prospective investors, and...
April 23, 2024
  Excellence in Laundry 2024 is the Coin Laundry Association’s premier event. This year’s conference takes place at PGA National Resort in Palm Beach Gardens, Florida from May 20-22.  There will also...
May 15, 2023
On the road toward a new laundromat? Starting a new company is so much more than finding a few machines and opening your doors, and if you want customers to start pouring...
September 9, 2022
Eastern Funding LLC announced that Nancy Robles has been promoted to President. She previously served as Chief Operating Officer. Michael Fanger, Eastern Funding’s Chief Executive Officer, notes “Nancy has distinguished herself in...
August 22, 2022
  As drought seeps over the West and other parts of the country, water conservation in those areas is being encouraged and even enforced in some places. One of the greatest impact...
August 12, 2022
Brian Grell was recognized at the Clean Show for his outstanding work on the board of the Coin Laundry Association. The CLA’s Chairman Award was presented to Brian during the CLA’s annual...
July 26, 2022
Oz Laundry in Decatur, Georgia, is a vibrant store. The overall design, including the vivid colors and spacious layout, makes this welcoming laundromat appealing to customers. The operator, Stan Sugarman, is skilled...
July 19, 2022
The multi-store owner of Wash Bowl Coin in GA, Helen Kim, represents another one of Eastern Funding’s many customer success stories. Wash Bowl is a lively store with its colorful designs and...
July 6, 2022
The father and son team of Omer and Abdul Rashad Khan are long time laundry owners. They are good operators who know how to provide customers with a great experience in a...
June 14, 2022
Eastern Funding, a premier financial lender to laundromats and other businesses, announced that it has successfully merged operations with Macrolease Corporation. Macrolease is a leading specialized equipment finance and leasing company serving...
May 5, 2022
Post by Jennifer Sabourin | Vice President, Business Development Many projects that involve commercial real estate for your business can benefit from an SBA 504 loan.  Here are four example projects for...