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Securing funding for the laundromat can become important for starting or even expanding your company. Below are several funding options, techniques to approach each one, and additional resources to help you find their way the financing process. Funding Options intended for Laundromats Small Enterprise Administration (SBA) Money: SBA 7(a) Funding: These loans can be utilized for working funds, purchasing equipment, or perhaps real-estate. They commonly offer lower interest rates and lengthier repayment terms. SBA 504 Loans: Perfect for purchasing or even