Speed Queen® Full-Service Financing
Financing Has Never Been Easier
An Easy, Affordable Upgrade
Whether you’re opening a new store, purchasing an existing one or simply looking to upgrade your equipment, we provide flexible financing, competitive rates, no hidden costs, faster decisions and more laundry-specific financial tools and resources. We back your business from top equipment to your bottom line. When you finance with Speed Queen, you get personal support from a dedicated finance professional who knows the laundry business.
Explore our money-saving promotions with competitive fixed and variable rates. Or apply for a loan to upgrade to cutting-edge Speed Queen equipment and technology.
We Know Laundry Better
Over $2 billion in laundry financed
100% commitment to your success
New Investors
SIMPLE, FLEXIBLE, TAILORED TO YOUR NEEDS.
Our financing programs are designed to accommodate your specific goals and business needs. Financing with Speed Queen gives you the options and the freedom to structure your payments the way you want.
Not quite ready to invest? Discover the potential profits and reassuring stability of a laundromat investment. Download our free guide for everything you need to know.
Existing Business Owners
INVEST WITH CONFIDENCE
Not quite ready to invest? Discover the potential profits and reassuring stability of a laundromat investment. Download our free guide for everything you need to know.
Still on the fence on whether to replace with Speed Queen? We’ve got all the details.
FAQ
Do you offer pre-approvals?
Yes, our preapproval process allows customers to receive immediate feedback based on an estimated financed amount by submitting only a completed credit application and personal financial statement.
How fast can I expect an answer on my credit application?
Typically, credit decisions are made within 24 hours of receiving a complete application package
How do I get started?
Complete our one-page credit application and visit your local distributor to identify your equipment needs. Your distributor will assist you in preparing a complete finance package based on the amount of your loan request.
What are my cash investment requirements on a new store purchase?
We will look to finance up to 70% of the total project cost, leaving the customer with a 30% cash investment. The total project cost consists of all costs associated with building the laundromat, including equipment, leasehold improvements, construction, impact fees and all other relevant costs.
Are there any prepayment penalties?
No, our loans can be prepaid in full or part at anytime without penalties.
Is there an application fee?
While we do not charge an application fee, there is a one-time administration fee due after loan closing. The fee is .50% of the financed amount ($500 minimum) and is capitalized into the loan balance at the time of funding. Seasonal promotions, refinancing and acquisitions may deviate from the standard fee.
Can I submit a credit application through fax or mail?
Yes, please download the PDFs below and mail to Financial Services Department, P.O. Box 990, Ripon, WI 54971 or fax to 1-920-748-4477
