93. Answering All of Your Laundromat Financing Questions with Chris Michalek

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Financing a laundromat can feel complicated. Whether you're new and trying to buy your first laundromat, a current laundromat owner needing to finance new equipment, a business owner trying to expand your empire, or you're needing to refinance loans, there are a lot of details to understand. It can feel overwhelming.

Well, today's guest, Chris Michalek of Prime Capital, joins us to answer all of your questions about laundromat financing. Of course, he can't answer every question in one podcast episode, but he can answer a lot of the biggest questions! And for the rest, Chris is going to join me in hosting a free live Q&A  on all things laundromat financing-related. He invites you to bring your general AND specific laundromat financing questions and has committed to staying on until he's answered them all!

You can sign up to join the webinar at https://laundromatresource.com/events!

As for this episode, Chris and I cover a lot of ground! We talk about:

• Interest rates- how they work, what they're based on, getting rate locks
• Refinancing loans- when and how to refinance
• All-asset liens and cross-collateralization
• Cash flow statements
• Equipment age vs. loan length
• Competitors retooling
• Lease length vs. loan length
• debt servicing
• Business plans

And a LOT more! Tune in for this epic interview then join us for the live Q&A! You can also see this live Q&A replay and every other webinar we host when you join our Pro Community!

Show Notes
https://laundromatresource.com/show93

Show Sponsors

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https://atmosphere.tv/partner/laundromat-resource

Laundromat Resource Marketing- We know marketing and we know laundromats! Let us help you build your website and market your laundromat today!

https://laundromatresource.com/getonline

Links
Laundromat Financing Live Q&A
Chris's first Laundromat Resource Podcast appearance
Prime Capital

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