Skip to content
Best Business Loan Lenders shieldBest Business Loan Lenders
Powered byLevrGet help choosing
EF

Eastern Funding

Listed
Equipment lessor for equipment financingNew York, New YorkServes US businesses; availability varies by program and state
BBLL 001226Listed Oct 2026From public recordsLast checked Oct 31, 2026
Request contactIs this your lender? Claim it

About

Eastern Funding specializes in laundromat and car-wash financing, including equipment purchases and new stores. It accepts major equipment brands and considers startups, while normally requiring borrower investment and project-level underwriting.

Equipment lessor. Leases or lends against vehicles, machinery and other equipment.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

Equipment financing
laundromats
From the lender's own site and public records.

A second look at Eastern Funding

Eastern Funding specializes in laundromat and car-wash financing, including equipment purchases and new stores. It accepts major equipment brands and considers startups, while normally requiring borrower investment and project-level underwriting.

Eastern Funding identifies itself as a commercial lender and a division of Beacon Bank, serving all 50 states. Its site also uses the Eastern Funding, LLC name. Confirm the named creditor in the agreement; Beacon Bank is not a separate independent alternative.

Published by Levr, not by Eastern Funding. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked October 31, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

Equipment financing

Amount and assets
Loans start at $10,000 for commercial laundry, car-wash and other equipment. Non-captive financing permits equipment from major manufacturers.
Term and rate
The FAQ lists repayment terms of 12–120 months based on the business and creditworthiness. Fixed and variable rates are available; numeric rates are not published.
Borrower contribution
A minimum investment is normally required. Full-invoice replacement-equipment financing may be considered for established operators; some construction or soft costs may also be considered.
Early payoff
Loans may be repaid early at any time. The FAQ does not establish a universal no-penalty policy or payoff formula.
Approval timing
For new vended-laundry equipment below $500,000, the provider generally gives a decision within 24 business hours after all information is received; this is not an application-only limit or funding guarantee.

Provider sources: Equipment program · Financing FAQ

New store financing

Scope
New laundromat and car-wash projects. The page emphasizes creditworthiness, cash investment and site quality.
Startup evaluation
The FAQ requires relevant business-running experience, satisfactory credit and sufficient investment. It does not publish a universal minimum credit score or down-payment percentage.

Provider sources: New store program · Financing FAQ

Bank relationship and coverage

Provider identity
Current about page identifies Eastern Funding as a division of Beacon Bank and states that it funds businesses in all 50 states.

Provider sources: Company and bank relationship

When it may fit

Our assessment of the published programs

  • Useful to compare for laundry and car-wash operators who need industry underwriting beyond a single equipment invoice.
  • Non-captive equipment financing may suit buyers comparing multiple machine brands.

What to weigh carefully

  • Startup financing does not mean no owner investment or business experience.
  • The $500,000 decision-timing threshold is not a maximum loan size.
  • Rates, guarantees, fees and prepayment economics need a written offer.

Questions before you accept an offer

  1. How much cash must I invest and what soft costs can be financed?
  2. Is this equipment-only financing or a broader new-store package?
  3. What site, operating-experience and financial records do you need?
  4. What is the total repayment cost and exact early-payoff formula?
  5. Which entity will fund and service the agreement?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

Dexter Financial Services

Compare Dexter for manufacturer-focused laundry equipment loans and leases.

Balboa Capital

Compare Balboa/Ameris for a separate laundromat-equipment quote.

Stearns Bank

Compare Stearns Bank for an equipment contract with customized payments.

Published specialist programs

Laundromat equipment financing companies

Eastern Funding offers non-captive commercial laundry equipment financing, allowing a choice of major equipment brands.

Who it serves
Commercial laundry equipment buyers; new-store financing is separately available.
Published terms
Equipment loans start at $10,000.

Equipment covered: Commercial laundry equipment and car wash equipment.

Our questions before you choose

Confirm the final quote, total payments, cash due at signing, guarantee requirements, early payoff and ownership terms.

Checked October 31, 2026. Equipment financing · Commercial lender and Beacon Bank division

Other providers to compare

These providers publish information for at least one of the same financing needs. They are comparison options, not a ranked recommendation or evidence that you qualify.

Balboa Capital

Compare laundromat equipment financing companies →

Dexter Financial Services

Compare laundromat equipment financing companies →

The lender

Type
Equipment lessor
Legal name
Eastern Funding, LLC
Founded
Not yet provided Add it
Charter
Not yet provided Add it
Headquarters
New York, New York
Service area
Serves US businesses; availability varies by program and state
Meets in person
Not yet provided Add it
Languages
Not yet provided Add it
Program approvals
Not yet provided Add it
Also lends to consumers
Not yet provided Add it
Website
easternfunding.com
LinkedIn
Not yet provided Add it

Loan officers at this lender

No loan officers listed yet. Work here? Claim your profile.

More lenders in New York

All of New York
Fora Financial logo
Fora FinancialLevr partner
Fora Financial offers lump-sum business loans and a separate revenue advance with payments linked to sales. Compare the legal structure, total cost and payment mechanics of the actual offer.
Broker and lenderOnline lendersWorking capital loansTerm loans
New York, NY
OnDeck logo
OnDeckLevr partner
OnDeck offers business term loans and revolving credit for operating businesses. Compare the repayment schedule, fees, security and early-payoff conditions on the specific product you are offered.
Online lendersBusiness lines of creditTerm loans
New York, NY
1S
1 Stop CapListed
1STOPCAP offers unsecured working capital for established businesses, with published amount and term ranges but a high revenue screen. Its FAQ says it serves 48 states; confirm the applicant’s state and contract terms before proceeding.
Revenue based fundersWorking capital loansUnclaimed
New York, NY
Accompany Capital logo
Accompany CapitalListed
Accompany Capital offers New York City business loans alongside acquisition-transition support and resources for immigrant and refugee entrepreneurs.
Direct business lendersWorking capital loansStartup fundingUnclaimed
New York, NY
Powered byLevrStanding rises on evidence, never on payment.