Alliance finance specialist shares thoughts on 2024 laundromat financing landscape

In 2023, the finance landscape brought plenty of uncertainty, and likely more than a few laundromat owners decided, in the face of those question marks, to postpone expansion plans or store retools.

So, as inflation and Fed interest rate hikes cool, what does the year ahead hold in store for financing? American Coin-op engaged Alliance financing expert, Tina Gough, senior finance sales specialist, for an industry roundtable on the topic.

In the piece, “Laundromat Financing: Answering All the Right Questions,” Gough is optimistic about the year ahead.

“With interest rates not projected to be on the rise in 2024, it is a great time to replace your older equipment with more efficient models with newer technology,” she said.

To read part one of the feature, click here.