Implement a regular cleaning schedule
Implement a regular cleaning schedule One of the most important day-to-day tasks associated with running a laundry business is keeping the establishment clean. A clean laundromat is attractive to customers and will ultimately attract... Read More
The Eastern Way – Fundamental #5: Be a detective
The Eastern Way – Fundamental #5: Be a detective This week’s fundamental was written by Jason Santiago, a credit analyst at Eastern Funding. Jason has been with us for over 3 years and has... Read More
The Eastern Way: Fundamental #4 – Just do it
The Eastern Way – Fundamental #4: Just do it This week’s fundamental was written by Margie Colangelo. Margie joined Eastern Funding’s Specialty Vehicle division in 2013. She has over 30 years of experience in... Read More
Eastern Funding: A partner throughout the business life cycle part 1
Eastern Funding: A partner throughout the business life cycle The business life cycle is a commonly referred to set of seven stages through which most companies pass. Each stage is characterized by distinct focuses,... Read More
Consider a vending machine for added profit
Consider a vending machine for added profit Chances are good that you pay a lot for every square foot of your laundromat, so every piece of floor space needs to be producing in one... Read More
The Eastern Way Fundamental #3: Make a great impression
The Eastern Way- Fundamental #3, Make a great impression This week’s fundamental was written by Brian DeClesis. Brian is a Regional Business Manager with our specialty vehicle group. He’s been with us for 2... Read More
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