Eastern Funding, based in New York City, has introduced a new financing program called XPRESS-APP, which is designed to provide faster access for loan approvals for replacement laundry equipment.
Through the XPRESS-APP program, store owners can apply for new equipment loans under $200,000. In addition, on-premise laundry equipment loans of up to $125,000 also qualify for XPRESS-APP financing.
Some of the program’s features include:
• A simple, one-page credit application
• Response to credit applications within 24 hours
• Less legal documents to sign
• Online document signing, using DocuSign
“With XPRESS-APP, we believe we have introduced to the industry the quickest and easiest way to get your loan approved and funded,” said Marc Stern, chief lending officer for Eastern Funding. “At Eastern Funding, we are constantly looking for ways to provide faster and easier financing options to our customers. The XPRESS-APP program is a perfect example of how we look at our products and processes and fine-tune them to help our customers grow their businesses.”
