Finance FAQs

Do you offer pre-approvals?

Yes, our PREQUAL Program allows customers to receive immediate feedback based on an estimated financed amount by submitting only a completed credit application and personal financial statement.

How fast can I expect an answer on my credit application?

Typically credit decisions are made within 24 hours of receiving a complete application package.

Complete our one page credit application and visit your local distributor to identify your equipment needs. Your distributor will assist you in preparing a complete finance package based on the amount of your loan request.

What are my cash investment requirements on a new store purchase?

Alliance will look to finance up to 70 percent of the total project cost leaving the customer with a 30 percent cash investment. The total project cost consists of all costs associated with building the Laundromat, including equipment, leasehold improvements, construction, impact fees and all other relevant costs.

Are there any prepayment penalties?

No, our loans can be prepaid in full or part at anytime without penalties.

Is there an application fee?

While Alliance does not charge an application fee, there is a one time administration fee due after loan closing. The fee is $300 and is capitalized into the loan balance at the time of funding. Seasonal promotions, refinancing and acquisitions may deviate from the standard.