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KOREAN BANKS IN CALIFORNIA
In Southern California, there has been a large influx of Korean investors in the Laundromat business. As a result, a number of the local Korean banks have developed lending programs specifically aimed at lending to Laundromats.
Armed with this knowledge, it's a great ides to Google "Korean Banks" and give a few to call to see which of the banks are currently interested in Laundromat financing. Banks can often offer longer payback periods and sometimes lower rates, than some tradtitional Laundromat financing entities.
The larger banks, such as Wells Fargo, Bank of America, Chase and others do not appear at this time to be aggresively seeking Laundromat based loans.