I myself faced a similar situation when I was planning to update the equipment and renovate my laundry. I will be honest – at first there was a feeling that lending in this area was quite limited, but in fact it turned out that there are quite affordable and profitable options. Many banks and specialized financial institutions actually offer programs specifically for small businesses, including laundries. Moreover, you can find loans not only for the purchase of new machines and drying units, but also for repairs or replenishment of working capital. For example, I did not have the opportunity to provide a large collateral, and I was worried that this would become an obstacle. However, if the business is stable and there is transparent reporting, the chances of approval are much higher than it seems at first glance. Studying specialized materials was very helpful, for example, there is a useful guide on how to properly approach lending to laundries: This guide explains how to get a loan for a laundromat. There are many practical tips that really simplify the process of choosing and submitting an application.