Dry Cleaner Funding

Dry Cleaner Funding

Demand for dry cleaning services is changing, and it’s more important than ever for dry cleaners to adapt to remain competitive. Stay on top of industry trends with up to $500,000 in funding from Greenbox Capital® in as little as 24 hours.

Direct, Alternative Dry Cleaner Loans

Getting the dry cleaner funding you need from a traditional lender can be difficult. The application process may take months, and there’s no guarantee of approval. Most traditional lenders like banks deny dry cleaner loans because they are considered “high risk” due to factors like declining demand and market size, reliance on economic conditions, the availability of disposable income, as well as perceived safety and environmental concerns. 

As an alternative lender, Greenbox Capital can approve more dry cleaner loans than traditional lenders, and we can approve funding faster, with funds deposited in a little as one business day. We provide a variety of small business funding options to help grow your dry cleaning business, with alternative dry cleaner loans from as low as $3,000 up to $500,000.

Dry Cleaner Funding Solutions

We fund all types of dry cleaner, including dry cleaning and laundry services, leather cleaners, upholstery and drapery cleaners, and more. Our friendly Funding Advisors will work closely with you to determine which funding option will help you achieve your goals without compromising your business’s cash flow.

[iconbox type=”image” tag=”h4″ text=”Learn More” icon_image=”2451″ title=”Merchant Cash Advance” class=”style2 wpb_animate_when_almost_visible fadeIn delay-1″ css=”.vc_custom_1576274653201{margin-bottom: 25px !important;background-color: #ffffff !important;}” link=”/services/merchant-cash-advances/”]You’ll receive working capital now, and we’ll receive a percentage of your daily or weekly credit card sales until the terms of the advance have been met. Ideal for businesses with a high volume of credit card sales.[/iconbox]
[iconbox type=”image” tag=”h4″ text=”Learn More” icon_image=”2452″ title=”Small Business Loan” class=”style2 wpb_animate_when_almost_visible fadeIn delay-2″ css=”.vc_custom_1576274661660{margin-bottom: 25px !important;}” link=”/services/small-business-loans/”]Our business capital loans are typically between $20,000 and $60,000, but start as low as $3,000 and reach as high as $500,000 depending on the needs of your business. Ideal for businesses seeking short-term financing to grow.[/iconbox]
[iconbox type=”image” tag=”h4″ text=”Learn More” icon_image=”2453″ title=”Collateral Loan” class=”style2 wpb_animate_when_almost_visible fadeIn delay-3″ css=”.vc_custom_1576274669530{margin-bottom: 25px !important;}” link=”/services/collateral-loans/”]A secured loan that uses commercial real estate to reduce the cost of the loan. Ideal for businesses looking for longer-term funding options.[/iconbox]
[iconbox type=”image” tag=”h4″ text=”Learn More” icon_image=”2454″ title=”Business Line of Credit” class=”style2 wpb_animate_when_almost_visible fadeIn delay-4″ css=”.vc_custom_1576274677980{margin-bottom: 25px !important;}” link=”/services/business-line-of-credit/”]Borrow as much or as little as you need, draw and repay as you go, and pay interest only on the portion of money you borrow. Ideal for businesses looking for flexible funding.[/iconbox]

How To Use Dry Cleaner Funding

Sometimes, you need a quick infusion of funds to help meet the unique challenges of running a dry cleaning business, such as:

[iconlist icon_size=”mini”][iconlist_item icon_fontawesome=”fa fa-cube”]Stagnant industry growth and declining market size[/iconlist_item][iconlist_item icon_fontawesome=”fa fa-cube”]Fewer garments requiring dry cleaning[/iconlist_item][iconlist_item icon_fontawesome=”fa fa-cube”]Increasing consumer preference for machine washable garments[/iconlist_item][iconlist_item icon_fontawesome=”fa fa-cube”]Growing consumer demand for improved technological and sustainable practices[/iconlist_item][iconlist_item icon_fontawesome=”fa fa-cube”]Strict government regulations[/iconlist_item][/iconlist]

Alternative dry cleaner loans can provide the working capital you need to keep up with these industry trends, changes to consumer demand, or even expand your business. Use your funding to:

[iconlist icon_size=”mini”][iconlist_item icon_fontawesome=”fa fa-cube”]Expand your services to offer cleaning for other items, such as drapery, upholstery, carpet, or leathers[/iconlist_item][iconlist_item icon_fontawesome=”fa fa-cube”]Add tailoring or repair services, or off-season storage for seasonal garments[/iconlist_item][iconlist_item icon_fontawesome=”fa fa-cube”]Upgrade technology—invest in a new point-of-sale system or improve back-of-house operations[/iconlist_item][iconlist_item icon_fontawesome=”fa fa-cube”]Keep up with environmental regulations by offering chemical-free and sustainable services[/iconlist_item][iconlist_item icon_fontawesome=”fa fa-cube”]Create a loyalty program for frequent customers or high-volume locations such as business offices[/iconlist_item][/iconlist]

How Dry Cleaner Funding Works

[iconlist][iconlist_item type=”image” class=”aligncenter shadow wpb_animate_when_almost_visible fadeIn delay-1″ css=”.vc_custom_1574795059965{padding-top: 20px !important;padding-right: 10% !important;padding-bottom: 30px !important;padding-left: 10% !important;border-radius: 5px !important;}” icon_image=”2035″]

Submit your 1-page application

After you submit your application, a Funding Advisor will reach out to you within 1 hour (during regular business hours) to discuss your options.[/iconlist_item][iconlist_item type=”image” class=”aligncenter shadow wpb_animate_when_almost_visible fadeIn delay-2″ css=”.vc_custom_1574795081123{padding-top: 20px !important;padding-right: 10% !important;padding-bottom: 30px !important;padding-left: 10% !important;border-radius: 5px !important;}” icon_image=”2038″]

Choose your funding

Your Funding Advisor will work closely with you to determine which small business funding option will help you achieve your goals without compromising cash flow.[/iconlist_item][iconlist_item type=”image” class=”aligncenter shadow wpb_animate_when_almost_visible fadeIn delay-3″ css=”.vc_custom_1574795103152{padding-top: 20px !important;padding-right: 10% !important;padding-bottom: 30px !important;padding-left: 10% !important;border-radius: 5px !important;}” icon_image=”2039″]

Get funded

Once you and your Funding Advisor determine what funding option will work best for your business, your funding can be approved and deposited within 24 hours.[/iconlist_item][iconlist_item type=”image” class=”aligncenter shadow wpb_animate_when_almost_visible fadeIn delay-4″ css=”.vc_custom_1574795121839{padding-top: 20px !important;padding-right: 10% !important;padding-bottom: 30px !important;padding-left: 10% !important;border-radius: 5px !important;}” icon_image=”2040″]

Repay your funding

Repayment terms will depend on what kind of dry cleaner loan you use. Terms are set in advance so you know what to expect and can plan accordingly.[/iconlist_item][/iconlist]

Will You Qualify?

We know that your business’s credit score doesn’t tell the whole story, so instead of focusing on your credit score alone, our approval requirements focus on the overall health of your business. Here are some factors we consider:

[iconlist icon_size=”mini” class=”onelinelist”][iconlist_item icon_fontawesome=”fa fa-cube”]Business revenue[/iconlist_item][iconlist_item icon_fontawesome=”fa fa-cube”]Cash flow[/iconlist_item][iconlist_item icon_fontawesome=”fa fa-cube”]Vendor payment history[/iconlist_item][/iconlist]
[iconlist icon_size=”mini” class=”onelinelist”][iconlist_item icon_fontawesome=”fa fa-cube”]Years in business[/iconlist_item][iconlist_item icon_fontawesome=”fa fa-cube”]Public records[/iconlist_item][/iconlist]

Why Get Funded by Greenbox Capital?

We know small business owners don’t have time to compile a laundry list of detailed personal and business financial documentation. With our streamlined application process, you can get the funding you need in as little as one business day. Our Funding Advisors will take the time to understand your business’s needs, and they’ll be there to answer any questions you might have along the way.

Businesses with a high volume of credit or debit card transactions, such as dry cleaners, often have trouble getting funded by traditional lenders, but are ideal candidates for funding from an alternative lender like Greenbox Capital. We can approve more dry cleaner loans, but we’ll never over-leverage your business by giving you more funding than you can handle. Your business’s success is what matters to us most.

Dry Cleaners Funding Q&A

Q: I need to replace my laundry equipment. What type of dry cleaner funding should I consider?

A: You have several options available to you, including a small business loan, merchant cash advance or collateral loan. It’s always best to speak with a Funding Advisor who can assist you with securing the ideal alternative loan.

Q: With less demand for dry cleaning these days, I want to expand my services to include tailoring and repair, but I will need to hire a new employee with this skill set. Should I use funding for this purpose?

A: Yes, this is a good use of an alternative loan. We always recommend using funds to support your business’s growth.