Merchant Cash Advance
Having experienced growth and mastered the necessary compliance regarding environmental concerns, Sam is ready to begin his expansion. He took the time to get the space ready and has been pricing the needed commercial grade laundry equipment needed to fill the new space. Sam hopes to purchase 10 new coinless commercial washers and dryers as well as 2 new laundry detergent vending machines. He also wants to replace several existing washers and dryers.
Sam has priced the needed washers and dryers along with the vending machines for the best possible pricing. His best quote is $110,000. During the process of pricing new equipment, Sam also researched the best loan options to meet his desired rate and necessary timeline. After reviewing both short term and longer term options, Sam discovered equipment financing. It sounded good, but since he was unfamiliar with the practice, he did the research and discovered it was an attractive option for his expansion plan.