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Eastern Funding Introduces New Financing Program for Laundry Equipment

Self-service store owners may apply for loans under $200,000 through XPRESS-APP

NEW YORK — Eastern Funding has introduced a new financing program designed to provide faster access for loan approvals for replacement laundry equipment, the company reports.

Through the XPRESS-APP program, self-service store owners may apply for new equipment loans under $200,000, the company says. On-premise laundry (OPL) equipment loans of up to $125,000 also qualify for program financing.

According to Eastern Funding, features of the new program include a simple, one-page credit application; response to credit applications within 24 hours; fewer legal documents to sign; online document signing using DocuSign; and a dedicated group focused on XPRESS-APP loans.

“With XPRESS-APP, we believe that we have introduced to the industry the quickest and easiest way to get your loan approved and funded,” says Marc Stern, Eastern Funding’s chief lending officer. “The application and paperwork requirements are easy and require shorter time to complete. At Eastern Funding, we are constantly looking for ways to provide faster and easier financing options to our customers.”

Eastern Funding, a subsidiary of Brookline Bank, provides financing to laundry, garment care, grocery, specialty vehicle and other businesses nationally.

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