Equipment financing is asset-secured — the machine itself is the collateral. That makes underwriting faster and easier than SBA 7a, with credit scores down to 620 and time-in-business requirements often waived for laundromat acquisitions. Terms run 5–7 years matching equipment depreciation. Use it for net-new equipment in a build, replacement equipment in a retool, or to layer on top of an SBA 7a acquisition loan when the seller's equipment needs immediate refresh.
When Equipment Financing Beats SBA
Faster close (7–14 days vs. 45–90), simpler paperwork, often $0 down (vs. 10% SBA), no SBA personal guarantee complexity, and equipment-only structure leaves SBA 7a capacity available for the next deal. Tradeoff: slightly higher rate (7–12% vs. SBA 9–11%) and shorter term (5–7 years vs. 10 years), so monthly payment can be higher. Best fit when speed matters or you're preserving SBA capacity for future use.
AAdvantage Equipment Financing
AAdvantage Laundry Systems offers equipment financing direct on Speed Queen, Dexter, Continental Girbau, and Huebsch installations. Pre-approval typically takes 24–48 hours with basic credit information; funding occurs at delivery/install. Includes installation, warranty, and ongoing parts/service support — not just financing the metal.
Frequently Asked Questions
What credit score do I need?
620 floor for equipment financing through most lenders. Better terms (lower rate, $0 down) at 680+ FICO. The AAdvantage network has direct visibility into typical laundromat operator credit profiles and is more flexible than generic equipment lenders.
Can I finance used equipment?
Yes, but typically only through specialty used-equipment lenders and at higher rates (10–14%). Used equipment older than 7–10 years is often un-financeable. New or recently-rebuilt equipment is the path of least resistance.
What does it cost to apply?
Free. The AAdvantage network does not charge application fees. Funding-side fees (origination, documentation) are typical 1–2% of loan amount and rolled into the financed amount.