SPEED QUEEN® FINANCING FOR NEW INVESTORS
All your financing needs from one convenient source.
We know laundry financing better than anyone else.
Simple, Flexible, Tailored to your Needs.
Our financing programs are designed to accommodate your specific goals and business needs. That’s why they’re flexible. Financing with Speed Queen® gives you the options and the freedom to structure your payments the way you want.
nvest With Confidence
When you finance with Speed Queen®, you get personal support from a dedicated finance professional who knows the laundry business. Not only will your contact guide you through every step of the loan process, they’ll also continue to help you grow and expand your business long after you open your store.
Finance Calculator
Knowing how much you can borrow is essential to planning your business. Our finance calculator and budget planner help you take the guesswork out of financial planning.
CALCULATE MY FINANCES
Promotions
Our 2018 promotions give you the flexibility to get more for less. Review our current promotions and see how you can save with Speed Queen®
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Loan Pre-Approval Made Easy
The preapproval process from Speed Queen financial services makes planning your future business goals fast and easy. To get started, simply provide your contact info and we’ll contact you within 24 hours to discuss the requirements.
TALK TO A PRO
SPEED QUEEN® FINANCING
We Know Laundry Better
Over $2 billion in laundry financed
Combined lending experience of more than 100 years.
More than 20,000 loans
100% commitment to your success.
FAQs
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 $300.00 and is capitalized into the loan balance at the time of funding. Seasonal promotions, refinancing and acquisitions may deviate from the standard.
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