Eastern Funding, a leading provider of equipment financing to the commercial laundry, garment care, grocery and other industries, introduces a new financing program, XPRESS-APP, designed to provide faster access for loan approvals for replacement laundry equipment.
Through the XPRESS-APP program, self-service owners may apply for new equipment loans under $200,000. On-premise laundry (OPL) equipment loans of up to $125,000 also qualify for XPRESS-APP financing.
XPRESS-APP features:
- Simple one-page credit application
- Response to credit applications within 24 hours
- Less legal documents to sign
- Online document signing using DocuSign
- A dedicated group focused on XPRESS-APP loans
Marc Stern, Chief Lending Officer of Eastern Funding notes: “With XPRESS-APP, we believe that we have introduced to the industry the quickest and easiest way to get your loan approved and funded. The application and paperwork requirements are easy and require shorter time to complete. At Eastern Funding, we are constantly looking for ways to provide faster and easier financing options to our customers. The XPRESS-APP program is a perfect example of how we look at our products and processes and fine tune them to help our customers grow their businesses.”
Eastern Funding LLC provides financing to laundry, garment care, grocery, specialty vehicle and other businesses nationally. Founded in 1997, the company has financed more than $1.5 billion in new equipment, store acquisitions, real estate, refinance and other transactions. Eastern Funding is located in New York and is a subsidiary of Brookline Bank.