Biden Adjusts PPP Rules in Favor of Small Businesses
President Biden changed the main U.S. COVID-19 aid program for small businesses this week in an attempt to reach smaller businesses and sole proprietors left behind in previous rounds of aid. For two weeks, starting on February 24, the Small Business Administration...Alliance Laundry Systems to Acquire PWS
Alliance Laundry Systems has announced that it is acquiring the distribution assets of PWS Inc., the largest distributor of Speed Queen equipment and replacement parts in North America. The deal is expected to close in March. PWS opened in 1968 and maintains offices...HappyNest Adds New California Location
Laundry pickup-and-delivery service HappyNest recently announced the company’s further expansion into Orange, Calif. “Once again, we have found a great partner who will complement our conversion of Springboard licensees in the Orange County area,” said HappyNest...First Tide Laundromat Opens in Chicago
The first Tide Laundromat recently opened for business in Chicago, on the city’s far north side. According to the Procter & Gamble brand, it is a part of Tide’s strategic focus “to bring innovation and new technologies to the out-of-home laundry services...
Cents Announces $4.25M Financing Round
Cents, a leading business management and in-store operations platform for laundromat owners, recently announced a $4.25 million financing round. The round was led by Bessemer Venture Partners, with participation from Newfund Capital, Riverpark Ventures and 1517 Fund....
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