Firestone Financial has rolled out an application-only program for customers in the commercial laundry industry. The program offers a streamlined process and rates as low as 5.99 percent APR for up to 60 months and $100,000. This loan offer is for customers with personal credit scores of at least 701. In all instances, credit approval and certain terms and conditions apply.
Firestone Financial has made this offer due to increased demands within the market, according to David Nolan, assistant vice president of sales.
“We have a dedicated team focused on the laundry market,” Nolan said. “Our role is to work with the owners and distributors to develop the solution that fits the needs of the business – whether it’s a business acquisition, opening a new location or retooling an existing one.”
In addition to the application-only program, Firestone Financial offers loans with options to defer payments, interest-only payments and seasonal loan structures.
“We want to make it work for our customers,” Nolan added. “We know cash flow is important for any business and that each location may have different requirements.”
