Cents – a venture-backed technology company in the US – intends to transform the way laundromats and dry cleaners grow, manage, and understand their business. The company has recently launched a new lending facility – Cents Capital. This initiative is to facilitate low-interest loans for customers and operators in the industry.
With the introduction of SBA and commercial loans, the lending company aims at helping entrepreneurs grow their businesses – from expanding their footprint, retooling their store, buying new card systems to using working capital for expanding the operations. By offering its capital, the company enables to purchase, invest in, and grow a laundromat business more easily. Contrary to other lending opportunities, the company states to offer unique rates and terms because of their ability to value a business through their product usage.
