Answering All of Your Laundromat Financing Questions with Chris Michalek

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! https://laundromatresource.com/events

You can also see this live Q&A replay and every other webinar we host when you join our Pro Community! https://laundromatresource.com/pro

Show Notes
https://laundromatresource.com/show93

Show Sponsors

AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!

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

Resources
Laundromat Financing Live Q&A- https://laundromatresource.com/events
Chris's first Laundromat Resource Podcast appearance- https://laundromatresource.com/show24
Prime Capital- https://www.goprimecap.com/

Get Connected

Join Laundromat Resource- https://laundromatresource.com/join
Laundromat Marketplace- Buy and Sell Laundromats for Free- https://laundromatmarketplace.com
Diligence Capital Investments- https://diligencecapitalinvestments.com​
Laundromat Resource Events- https://laundromatresource.com/events
Laundromat Investor Resources- https://laundromatresource.com/resources
Laundromat Resource Forums- https://laundromatresource.com/forums
Laundromat Resource Blog- https://laundromatresource.com/blog​​​​​
Be a guest on the podcast!- https://laundromatresource.com/podcastguest​
Laundromat Resource Coaching- https://laundromatresource.com/coaching​​

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

Youtube playlist links
Podcast:
https://www.youtube.com/playlist?list=PLR1wdJneFmrNn5PJiM-oOSvNQ4AU2g2XK
Business Mastery:
https://www.youtube.com/playlist?list=PLR1wdJneFmrMQ32HHIme1dqYcbohmciyq
Secret Sauce:
https://www.youtube.com/playlist?list=PLR1wdJneFmrN_xCpJPdb6riqg9XHQNa6Z
Pro Tips:
https://www.youtube.com/playlist?list=PLR1wdJneFmrPPqkIVeSodNBP1n_xL6h_u
Recommended Resources: https://www.youtube.com/playlist?list=PLR1wdJneFmrN-Ym16AnRKEsAammnPp6d2

* Some links may be affiliate links in which the channel owner may receive compensation when you make a purchase using those links. Thank you for supporting the channel!