Use Interest on Tenant Improvements and Betterments
Does your lease include a mutual subrogation waiver? In many cases, laundry business owners pay for improvements to a property that they are renting. Sometimes, these are improvements that can be dismantled and removed... Read More
The Eastern Way Fundamental #2: Make quality personal
Eastern Way Fundamental #2: Make quality personal This week’s fundamental was written by Ozzie Herrera. Ozzie has been with Eastern Funding for 9 years, owned and operated laundromats, managed grocery businesses and now works... Read More
Does your lease include a mutual subrogation waiver?
Does your lease include a mutual subrogation waiver? There are many elements of running a successful laundry business that are not clear cut. Leases, contracts and other legal agreements frequently include language that it... Read More
The Eastern Way Fundamental #1: Do the right thing
Fundamental #1 “Do the right thing.” A few months ago I read about a Navy Seal who, after jumping out of an airplane, found that his parachute wouldn’t open. What saved him and eventually... Read More
The Eastern Way: 29 principles that define our business
The Eastern Way Here at Eastern Funding, we have a unique culture that we’re extremely proud of. Anyone who has worked on our team can attest to this, but we’d now like to open... Read More
Should I advertise my laundromat?
Should I advertise my laundromat? Many new laundromat owners are unsure as to whether they should invest in advertising. If you aren’t looking for it, it can be easy to assume that most laundromats... Read More
Preparing a business plan to repay your loan
Preparing a business plan to repay your loan When determining what level of finance to offer qualified laundry business owners and investors breaking into the field, Eastern Funding considers a variety of factors. It... Read More
Why every laundromat should install security cameras
Why every laundromat should install security cameras Self-service Laundromats, especially those that are open 24 hours and do not have attendants, are more susceptible to crime than other businesses. As a result, installing security... Read More