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Updated on September 2, 2021

How to Get a Business Loan for Your Laundromat in 5 Steps

With the new surge of the Covid-19 Delta Variant, businesses are struggling yet again to stay afloat. The uncertainty of whom the new strain affects most is forcing companies to go remote, and cut down on employees and service capacity.

Being a small business ourselves, we were facing the same issues. When vaccinations rolled out earlier this year, we were hopeful that the pandemic effects would soon become more manageable with workers returning happily and safely to their place of work. Today, however, we are all still facing the same challenge: overcoming the COVID-19 barrier.

With science, medical care and government funding programs catching up to implementing solutions, we quickly jumped into action with our own supportive efforts. We managed to partner with the New York Chamber of Commerce and were able to donate 200,000 masks to the Nassau Chamber of Councils and their incredible employees.

From there, masks were distributed to all of the local businesses in the community in an effort to protect those who bravely work outside of their homes.

This is a donation we are very proud of.

Businesses are forced to survive with limited funds and employees, and some are even considering shutting their doors for good, leaving more than 60% of business owners, including those in construction, trucking, and restaurant industries, concerned about their ability to recover, if at all.

With that being said, we, the financial experts and family here at REIL Capital, wanted to not only join the businesses and heart of entrepreneurship across the United States, but also help and support as many individuals as possible.

It reminds us that we are all in this together.

Ian Samlin, our CEO and founder, spoke about REIL Capital and the many ways we are able to help businesses begin, grow, and prosper.

As a family owned and operated business, REIL is committed to offering cost-effective working capital and personalized service to ensure that customers are able to obtain their goals of growing their businesses.

However, the day wasn’t about us, or the funding we can provide. It was about giving back to the people that make it happen and make what we do possible.

One by one we are seeing more smiling faces and boxes of masks being opened. The East Meadow Chamber of Commerce, the Westbury-Carle Place Chamber, along with others, are so thankful to have received PPE during a time of need.

With ongoing COVID-19 restrictions, businesses are trying to do two things:

  1. Create a fair, working environment for all employees

A fair working environment starts with safety, and the masks we have donated can help make for a more comfortable, safe, and welcoming workplace. Now employees are able to come back to work happily and willingly.

  1. Find financial aid relief to keep moving forward

Businesses are proudly fighting to open up, and staying open, and “we can now see the light at the end of the tunnel according to VP of the Nassau Chamber, Frank Camarano. Our team at Reil Capital is here to provide you with the necessary push toward sustainable growth and “Stand by Your Side” while we guide you through the funding process. It is through our diligent care and efforts that we are able to provide financial relief for the local businesses of the Nassau Chamber and beyond.

Our team offers streamlined funding to virtually any business looking for much needed additional working capital. Term funding, merchant cash advance, business credit cards, invoice financing, equipment financing, and revolving lines of credit are only a few of the many daunting tasks we can take off your plate.

If you believe your business is in need for that financial boost to keep thriving, apply for funding today and receive the funding you need as soon as the next day.

We are here to stand by your side and lend a helping hand in every way we can. Thank you for supporting us, as we continue to support you.

* Rates shown reflect an average fixed monthly percentage. Rates may vary by state and lender criteria. We do not perform a hard credit pull at any point in our approval process. Decision and funding time are subject to applicant’s submission of all requested approval and closing documents. Same day funding is contingent on applicant qualifications. By supplying us with your information, you authorize Mission Capital LLC dba REIL Capital and REIL Capital LLC to contact you at the numbers you provide (including mobile) during any step of this application, via phone (including automated telephone dialing systems, prerecorded, SMS and MMS means) even if you are on a Do Not Call Registry. You are not required to agree to be contacted in this manner to apply with Mission Capital LLC dba REIL Capital and REIL Capital LLC.
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