Blog

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...
November 11, 2021
Car washes can be an excellent investment opportunity for just about anyone and there are available options to finance your car wash. Building the right car wash in the right location can...
February 19, 2021
This article by Jennifer Whitney, National Business Manager, originally appeared in the February 2021 issue of Planet Laundry magazine. To view the original article, click here. The Small Business Administration’s 504 Loan...
September 21, 2020
In this guest post, Alex Jekowsky, CEO and Co-founder of Cents discusses some tech trends that can help laundry businesses become more profitable.   Now is a great time to be a...