Wednesday, December 3, 2014

Laundry Company Uses Innovative Business Practice to Stay Ahead of the Competition







Fresh out of college, Gabriel Mandujano had aspirations of owning a business.  The University of Pennsylvania graduate founded Wash Cycle Laundry, an eco-friendly wash and fold dry cleaning business serving Philadelphia, Pennsylvania, Washington, DC, and Austin, Texas.  The company uses green products to clean the clothes, and uses bicycles for transportation to make customer pickups and deliveries.  

Mandujano believed using bicycles instead of cars was not only good for the environment, but would help his company lower operational costs to better maximize overall profits.  His business model has paid off significantly as Wash Cycle Laundry continues to grow in its fourth year with plans for expansion into other cities on the horizon.

To say running a dry cleaning business is expensive would be an understatement.  If you factor in the bevy of equipment needed combined with maintenance costs, it can feel overwhelming for a small business owner; not to mention this industry continues to see an influx of dry cleaners opening every five minutes.  More stores opening means stiffer competition for small business owners. 

When this occurs evaluating all of your lending choices to obtain extra cash plays a big factor.  If your dry cleaning business needs additional working capital instantly, Silver Rock Funding is the way to go.  Silver Rock Funding has a network of lenders that will work with you to get the cash you need.  All you have to do is complete a brief application and within 72 hours of your loans approval, you can qualify for a merchant cash advance of up to $500,000 giving your business the tools to prosper.










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