Commercial dryer finance
Drying capacity is usually what limits a laundry, not washing, so dryers are often the machine a business needs to upgrade first.
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Can you finance a commercial dryer?
Yes. Commercial tumble dryers finance on much the same basis as washers: durable machines with serial numbers and a real used market, which gives a funder something to lend against. Hire purchase is typical and reconditioned units from dealers are fundable. The item to think about is the installation. Gas dryers need a compliant supply and flue, electric dryers may need a power upgrade, and all of them need proper ducting and lint management. Those works are unrecoverable spend, so funders separate them from the machine when assessing the deal.
Used kit: Yes, reconditioned commercial dryers are fundable through dealers, with funders preferring machines that come with a service record and warranty.
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What would a commercial dryer cost per month?
Asset finance is quoted on a flat rate, so that is what the buttons show, with the equivalent APR beside it. Your exact rate depends on the asset, the term, the deposit and the lender.
Prime is an established, profitable business with clean credit. Specialist covers newer businesses and credit that needs explaining — the asset itself carries part of the risk, which is why finance is often available where an unsecured loan is not.
Representative example: on Hire Purchase, borrowing £25,000 over 48 months at a 5.15% flat rate (equivalent to 9.9% APR representative), you would repay around £628 a month; total amount repayable approximately £30,150, of which £5,150 is the cost of finance. This calculator is for illustration only — it is not a quote or an offer of finance, and the rate and repayments you are offered will depend on the asset, term, deposit and your circumstances. CW Asset Finance is a credit broker, not a lender, and may receive a commission from the lender that funds your agreement. All finance is subject to status, affordability and lender approval.
Rates shown are indicative flat rates with the equivalent APR alongside — the two are not the same number. Indicative only and does not constitute a quote or an offer of finance. Subject to status and lender approval.
How lenders treat it
Dryers are hard assets and funders treat them accordingly, which puts them in the minority across this sector. The useful nuance is the gas-versus-electric split. Gas machines depend on a compliant gas supply and flue at the site, which makes them slightly more site-specific and adds installation cost that is not recoverable. Electric machines, particularly heat pump models, avoid the flue but may drive a power upgrade. Either way the funder’s security is the machine, not the ducting. Expect the usual assessment of accounts and banking with a personal guarantee for smaller operators. Where a leased building is involved and the dryer is fixed with a flue through an external wall, the landlord’s consent for the alteration is a separate matter from the finance but often needs sorting at the same time.
Makes and models we fund
Examples of the machines we are asked to fund. This is not an exhaustive list — if what you are buying is not here, it does not mean we cannot fund it. Your supplier quote is what the agreement is written against.
| Machine | What it is |
|---|---|
| Electrolux Professional T5290 dryer | Commercial tumble dryer |
| Electrolux Professional T5675 dryer | Large capacity tumble dryer |
| Miele Professional PDR 508 dryer | Heat pump commercial dryer |
| Miele Professional PT 8257 dryer | Vented commercial tumble dryer |
| Girbau ED260 dryer | Commercial laundry tumble dryer |
| Girbau ED340 dryer | High throughput commercial dryer |
| Ipso tumble dryer range | Industrial drying equipment |
| Huebsch stack dryers | Stacked washer and dryer tower |
| Primus DX drying range | Commercial tumble drying units |
| Electrolux Professional stack dryer | Space saving stacked dryer |
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Who buys one
Typically a laundry room that can wash faster than it can dry, forcing staff to work late or double-handle linen. Care homes, hotels, holiday parks and sports clubs make up most enquiries, along with launderettes replacing tired stack dryers. The trigger is frequently a service engineer reporting that a worn dryer is running inefficiently or presenting a lint risk. Equestrian yards and veterinary practices drying rugs and bedding are a smaller but regular group.
Get a quoteor call 0333 772 4864
How it is treated for tax
Bought on hire purchase, business plant and machinery normally qualifies for capital allowances on the full cost even though you pay for it monthly, which is a large part of why hire purchase is the common structure. On a finance lease you generally set the rentals against profit instead. The rules change between budgets and your position depends on how you trade, so treat this as the direction of travel and get your accountant to confirm the detail before you commit.
Commercial dryer finance questions
Is a gas dryer harder to finance than electric?
Not materially — the credit decision is the same. What differs is the installation. Gas machines require a compliant supply, a flue and appropriate certification, and that work is unrecoverable cost. If the building has no gas supply, the cost of bringing one in can change which machine makes sense commercially.
Can ducting and flue works go on the agreement?
They can often be included where the supplier invoices the installation as part of the package. Just be aware the funder gains nothing recoverable from that portion. A quotation that shows machine cost and installation separately makes the request easier for an underwriter to assess.
Are heat pump dryers treated any differently?
For funding purposes, no. They cost more upfront and are chosen for running cost and the absence of a flue, which matters when a building cannot be altered. Funders assess them as they would any commercial dryer, using make, model and serial number on the schedule.
Should I buy the washer and dryer on one agreement?
Usually yes. They are bought together, installed together and depreciate together, so one agreement is simpler to manage and reaches a comfortable advance. It also gives the funder a coherent schedule rather than two small deals with separate documentation fees. Suppliers almost always quote them as a pair for the same reason.
What happens if the business moves premises?
You should tell the funder before moving financed equipment. Agreements normally require the funder to know where the goods are kept, and moving without notice breaches that. In practice funders are cooperative about relocations — they simply want the asset’s location recorded accurately. Give them the new address in writing and keep a copy with your records.
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Not an offer of finance. All finance is subject to status, affordability and lender approval.
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