Dry Cleaner Funding

Demand for dry cleaning services is changing, and it’s more important than ever for dry cleaners to adapt. Stay on top of industry trends with up to $500,000 in funding from Greenbox Capital® in as little as 24 hours.
Get Funded

Fast, Easy Dry Cleaner Funding When You Need It

Getting the dry cleaner funding you need from a traditional lender can be difficult. The application process may take months, and there’s no guarantee of approval. Most traditional lenders like banks won’t fund dry cleaning businesses because they are considered “high risk” due to factors like declining demand and market size, reliance on economic conditions, the availability of disposable income, and perceived safety and environmental concerns.

With a streamlined online application, faster turnaround, and flexible approval requirements, Greenbox Capital can approve more dry cleaner funding than traditional lenders, often in just one business day. We provide a number of different types of small business funding to help grow your dry cleaning business, with alternative dry cleaner funding from as low as $3,000 up to $500,000. We fund all types of dry cleaners, including specialty cleaners, garment cleaners, leather cleaners, repair and maintenance, clothing alterations, and more.

Dry Cleaner Funding Rates

Dry cleaner funding rates depend on the type of alternative small business funding you receive. Most alternative dry cleaner funding options use a factor rate instead of a traditional interest rate. Factor rates are simple decimal figures that show how much “extra” you will owe on the original amount of the loan. Your factor rate is determined based on your risk assessment, so the stronger your business’s financial history, the lower your rate should be.

Dry Cleaner Funding Solutions

Our friendly, expert Funding Advisors will work with you to determine which funding option will help you achieve your goals without compromising your business’s cash flow.

How To Use Dry Cleaner Funding

There are no restrictions on how you can use dry cleaner funding from Greenbox Capital. Dry cleaner funding is typically best used for supporting growth strategies that will increase your business’s revenue, such as:

  • Expanding services to include items like drapery, upholstery, carpet, or leathers
  • Adding tailoring or repair services
  • Providing same-day service or delivery
  • Offering off-season storage for seasonal garments
  • Upgrading technology, such as a new point-of-sale system or back-of-house operations
  • Offering chemical-free and sustainable services
  • Creating a loyalty program for frequent customers or high-volume locations

Alternative small business funding can also help when you need a quick influx of working capital to meet the unique challenges of running a dry cleaning business, such as:

  • Stagnant industry growth and declining market size
  • Fewer garments requiring dry cleaning
  • Increasing consumer preference for machine washable garments
  • Growing consumer demand for improved technological and sustainable practices
  • Strict government regulations

How Dry Cleaner Funding Works

  • 1
    Apply

    Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.

  • 2
    Choose Funding

    A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your funding options.

  • 3
    Get Funded

    Once you and your Funding Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.

  • 4
    Set Repayment

    Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales. Payment amounts will be based on your sales.

Will You Qualify for Dry Cleaner Funding?

Exact qualification requirements depend on the type of dry cleaner funding you are seeking. Approval for dry cleaner funding from Greenbox Capital isn’t based solely on your credit score or financial history. Instead, we focus on the overall health of your business, including:

  • Business revenue
  • Cash flow
  • Vendor payment history
  • Years in business
  • Public records

Dry Cleaner Funding Q&A

Competition for my services is high. Can I use alternative funding to market my dry cleaner?

Yes, expanding your marketing strategy is an ideal use of your restaurant funding. Whether you are engaging in digital or traditional marketing, increasing your brand awareness and driving traffic to your restaurant is good for business growth.

How do I get funding for a dry cleaner?

You can get funding for a dry cleaner from traditional lenders like the SBA or a bank, as well as from alternative lenders like Greenbox Capital. Alternative lenders have more flexible approval requirements that consider the overall health and potential of your business—not just your credit score—and offer revenue-based financing options that are more ideal for businesses with lower credit scores, such as merchant cash advances. Contact one of our Funding Advisors to learn more.

Why should I consider an alternative lender for my dry cleaner funding?

Most traditional banks consider dry cleaners to be high-risk and will not fund them. As an alternative lender, we have different approval requirements, and can approve funding for “high risk” industries. We can provide you with the funds you need to cover project expenses, labor, materials and more, often in less than 24 hours.

I want to hire a tailor so I can serve more customers. What type of dry cleaner funding is best for this purpose?

A merchant cash advance is one of our most popular funding options, and is ideal for implementing strategies that will increase your business’s revenue. We recommend you speak with one of our knowledgeable Funding Advisors—they will help you select the right solution for your business.

What do I need to do to qualify for a small business loan?

We have a very simple application process, with same day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.