Finance Promotions

These incredible promotions bring two-fold savings with competitive fixed and variable rates and the efficiency that comes with upgrading to cutting-edge Speed Queen equipment and technology. Act fast, as these promotions are offered for a limited-time only.

Finance with Alliance & Speed Queen Laundry Systems

At Speed Queen®, our laundry financing solutions are built for your business success.

Customers can find a one-stop shop – top-of-the-line equipment, service, parts, and financing – through Alliance Laundry Systems. Because we focus only on laundry products and services, our goal is to assist owners efficiently so they can concentrate on growing their business. Alliance financing offers fast decisions, competitive rates, excellent terms, and no penalty for prepayment.

Speed Queen
VENDED Q3 FINANCE PROGRAMS

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
ON-PREMISES LAUNDRY Q3 FINANCE PROMOTION

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
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