Finance Promotions

National Q3 Replacement Program – 12 months interest only

• Replacement equipment purchases only for laundromat segment
• 7.75% fixed for 12 months, WSJ Prime + 2.00% thereafter (rates subject to satisfactory credit score)
  • .50% higher for 9 years
  • .75% higher for 10 years
• First payment due on day 30 after funding
• First 12 months interest only payments
• Maximum Term
  • 60 months for loans less than $50,000
  • 84 months for loans over $50,000
  • 96 months for loans over $100,000
  • 108 months for loans over $400,000
  • 120 months for loans over $500,000
• Minimum Term – 12 months
• Applications received starting July 15
• Approval deadline of 9/30/2022
• Funding Deadline of 12/28/2022
• Maximum finance amount of $2,000,000
• Admin fee – .50% ($500 minimum) capitalized into finance amount
• No prepayment penalty
• No Security Deposits
• Optional ACH Automatic Debit

National Q3 New Store Finance Program – 90 days deferred, 10 months interest only

• New equipment purchases only for new laundromats in the laundromat segment
• WSJ Prime + 2.50% variable (Prime Rate Floor of 3.75%) (Current rate is 7.25%) (rates subject to satisfactory credit score)
  • .50% higher for 9 years
  • .75% higher for 10 years
• No payment for 90 days
• First 10 months interest only payments
• Maximum Term
  • 60 months for loans less than $50,000
  • 84 months for loans over $50,000
  • 96 months for loans over $100,000
  • 108 months for loans over $400,000
  • 120 months for loans over $500,000
• Minimum Term – 12 months
• Applications received starting July 15
• Approval deadline of 9/30/2022
• Funding Deadline of 03/30/2023
• Maximum finance amount of $2,000,000
• Admin fee – .50% ($500 minimum) (capitalized into finance amount)
• No prepayment penalty
• No Security Deposits
• Optional ACH Automatic Debit

WSJ Prime + 2.00%, Rewarding good payment history with 1% reduction in rate over 2 years

• New OPL equipment purchases only
• WSJ Prime + 2.00% (currently 6.75%) for terms out to 84 months
• Interest rate reduced by .25% every 6 months upon perfect payment history until the 2nd year
  • Maximum interest rate reduction is 1%
• No payment for 90 days
• Max Term
  • 84 months on loans over $50,000
  • 60 months on loans less than $50,000
• Applications received starting July 15
• Approval deadline of 9/30/2022
• Funding Deadline of 12/28/2022
• Minimum financed amount of $2,500
• Maximum financed amount of $1,000,000
• Administration fee – $500 (capitalized into the finance amount)
• Automatic ACH Debit required
• No prepayment penalty
• No Security Deposits
• Program Cap – $2,500,000