Speed Queen® Finance Promotions

These incredible promotions bring two-fold savings with competitive fixed and variable rates and the efficiency that comes with upgrading to cutting-edge Speed Queen equipment and technology. Act fast, as these promotions are offered for a limited-time only.

At Speed Queen®, our laundry financing solutions are built for your business success.

With more laundromats financed than anyone in the world, nobody knows laundry lending like we do.

Below is an overview of our current finance promotional offering. Reach out to your dedicated Speed Queen Financial Brand Manager, Tina Gough for current finance offers at 800-223-8408.

  • Vended Finance Promotions
  • On-Premises Laundry Finance Promotions

Laundromats Are Essential

Clean laundry remains an essential tool in helping fight the spread of the COVID-19 virus. That is why Speed Queen wants to help by offering additional support to keep laundry businesses providing vital services during these critical times.
With our fast approval process, we will help get you financed and new equipment installed quickly to keep up with ever-increasing demand for the services your laundry provides.
Together, we can help in the fight against the pandemic affecting our communities.

Replacement Equipment Financing

Speed Queen is offering 0% interest for 90 days and no payments until day 120, with reduced principal and interest payments for the next six months, on any new replacement equipment.
  • 120 days no payment and 0% interest for 90 days
  • Reduced principal and interest payments for the next 6 months*
  • 87 Principal and interest payments at WSJ Prime + 2.25% (currently 5.50%) for remainder of term
  • 96 month total term
  • $300 administration fee capitalized into the amount financed
  • No prepayment penalty
  • Offer available through June 30, 2020**
  • Longer terms available on select deals
* Payment = 1% of loan amount 

** Offer available on applications submitted on or after March 27, 2020 through June 30th, 2020. Equipment must ship by July 31, 2020. 

WSJ Prime rate floor of 3.25%.
Rates are subject to formal credit approval and acceptable credit scores. 
Maximum term 84 months for deals less than $100,000 
Veteran Owners – 3 years business ownership experience

New Store Financing

Speed Queen is offering rates as low as Prime + 2.74%, 90 days deferred payment and six months of interest only, on any equipment for new stores.
  • 90 days deferred
  • 6 months of interest only
  • 88 months principal & interest at WSJ Prime + 2.74% (currently 5.99%) for remainder of term
  • 96 month total term
  • $300 administration fee capitalized into the amount financed
  • No prepayment penalty
  • Offer available through June 30, 2020*
  • Longer terms available on select deals

* Offer available on applications submitted on or after March 27, 2020 through June 30th, 2020. Equipment must ship by July 31, 2020. 

WSJ Prime rate floor of 3.25%.
Rates are subject to formal credit approval and acceptable credit scores. 
Maximum term 84 months for deals less than $100,000 
Veteran Owners – 3 years business ownership experience

Use Speed Queen Money to Finance Your Savings.

This is the lowest rate you’ll find anywhere. There’s no better time to upgrade or replace inefficient equipment.

  • 0% first 24 months; followed by a variable rate of Prime + 4.75% for balance of 48 months (total term 72 months)
  • No pre-payment penalty
  • Financed amounts of up to $250k
  • No out of pocket costs
  • All on-premises laundry equipment eligible
  • ALS reserves the right to terminate this promotion at any time prior to 5/29/2020

* 0% for first 24 months only. Prime + 4.75% for the remainder of the loan. Rates are subject to formal credit approval and credit score. Limited time offer. Prime rate floor of 4.75% applies.
**Only available in the US through participating Speed Queen distributor partners only.

Have Questions About Financing?

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