Complete Laundry Equipment Financing Solutions
Girbau North America and CustomSelect Financing provide a variety of laundry equipment financing solutions to meet your unique needs. This is because different projects, including new vended laundry development, store acquisitions and retooling all require varying degrees of financial backing. CustomSelect offers flexible financing options targeted to your specific financial requirements along with competitive fixed rates. You choose the financing solution that best suits you.
Interested in a deferred payment option? You may have the option to defer your first 3 months’ payments.
The Benefits of Financing
As a result of financing your laundry equipment, you’ll realize a number of benefits, including keeping your capital liquid and working for you, building strong credit and opening the doors to certain tax benefits. So, before you buy your equipment with cash, consider these benefits and apply for one of CustomSelect’s equipment financing solutions. It’s quick and easy!
Finance and keep your cash working for you.
Paying cash draws vital capital away from other critical investments. Rather, scheduled equipment financing payments allow you to preserve your cash, liquidity and lines of credit for emergency uses, working capital or other business investments.
Finance to build your business credit.
Establishing a strong credit history for your business is just as important as establishing personal credit. With a history of paying business debt timely, you may secure better terms from suppliers and creditors in the future.
Finance to grow your business.
Financing with a CustomSelect financing solution may provide you with the resources and flexibility to purchase additional equipment to remain competitive and to experience continued business growth – both key to your business’s success.
Finance and take advantage of potential tax benefits.
As a result of financing your laundry equipment, you may receive special tax benefits for depreciation and/or interest expenses.
Financing Solutions and Programs
New Store Location Financing Options
If you’re opening your first laundry or adding another to your business line-up, new store location financing is for you!
Equipment Replacement Financing Solutions
If you’re upgrading or adding laundry equipment to your current store, this financing solution is for you!
Acquisition Financing Programs
If you’re buying an existing laundry, this financing solution helps you acquire a previously owned laundry.
Acquisition & Retool Financing Plans
This financing option helps you to buy a previously owned laundry and purchase new equipment.
Equity Financing
Use existing laundromat equity for a new equipment purchase, down payment on a new store or acquisition of another laundromat. You can also consolidate debt from existing stores, with the option to buy new equipment.
Refinancing
Consolidate debt from existing stores, with the option to buy new equipment.
Quick and Easy Equipment Financing Application Process
1. Partner with your Girbau North America distributor and our CustomSelect Financing team
As you meet with your Girbau North America distributor, we can discuss your financing options. Together we can determine the financing program that best suits your needs and compile the required paperwork and supporting documents. If you are in the early stages of your project and want to go through a pre-approval, our CustomSelect Financing team can assist with that process.
2. You’ll be notified if you are approved for financing
Once your project’s equipment mix is finalized, you or your distributor can send us a signed copy of the sales quote. We will then send the credit package to our lending partner for review. If necessary, either our lending partner or a member of our CustomSelect Financing team may contact you for additional information. Once the review is complete, you will be notified of the review results.
3. Loan Documents – Send & Receive
Upon approval of a financing solution, the lending partner will issue a loan proposal for you to review. After you accept the proposal, the lending partner will generate and e-mail transaction documents for you to sign. (This process can be done via DocuSign if you choose that option.) Once you sign all the documents and gather any additional required items, the lending partner will issue a purchase order to your distributor.
4. Confirm – Equipment Delivery & Installation
The fourth step occurs when your distributor delivers and/or installs the equipment. When applicable, the lending partner may require an inspection. Otherwise, the lending partner will contact you to verify equipment delivery and/or installation.
5. Fund
Finally, your loan will be funded! Our lending partner sends the money directly to your distributor. Typically, your monthly loan payments will begin approximately 30 days after your loan funds.
To apply for a CustomSelect financing solution program, simply download and print our credit application!
Next, contact CustomSelect Financing online or call us at 800-256-1073 and we will guide you through the financing process. For equipment proposals and equipment financing assistance, please contact your local Girbau North America distributor. To locate your distributor, access the Distributor Locator.
Request Financing or Ask Questions
Do you have questions about CustomSelect Financing solutions? We’d love to assist you! Please fill out the form and a representative will be in touch with you shortly.
