NEEDHAM, Mass. — Due to increased market demands, Firestone Financial is now offering an application-only program for customers in the commercial laundry industry, the company reports.
The program offers a streamlined process and rates as low as 5.99% APR for up to 60 months and $100,000. The loan offer is for customers with personal credit scores of at least 701; other rates and terms are available for customers with lower credit scores, the company says.
In all instances, credit approval and certain terms and conditions apply.
“We have a dedicated team focused on the laundry market,” says David Nolan, assistant vice president of sales for Firestone Financial. “Our role is to work with the owners and distributors to develop the solution that fits the needs of the business, whether it is a business acquistion, opening a new location or retooling an existing one.”
In addition to the new application-only program, Firestone Financial says it offers competitive loans with options to defer payments, interest-only payment, and seasonal loan structures.
“We want to make it work for our customers,” Nolan says. “We know cash flow is important for any business and that each location may have different requirements.”
Doug Fowler, a laundry route operator, says he’s financed several locations through Firestone Financial over the years and has referred friends. “They have a great group,” he says. “They do exactly what they promise.”
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