Alliance Laundry Completes New $400 Million Asset-Backed Finance Facility

Alliance Laundry Holdings,LLC has announced that it has completed a new $400 million asset-backed finance facility, supporting its business operations in North America and select European markets.

Mike Schoeb – the company’s president and CEO stated: “Financing is a key component of maintaining and growing our leading market share, specifically within our vended laundry segment in North America. This new facility will allow us to expand those services to the European market.” The company has issued more than $2 billion in equipment loans since the beginning of its  finance business supporting its distributor and customer network.