Arway Linen's Bold Expansion: Pioneering Sustainable Practices and Unprecedented Financing in the Commercial Laundry Industry
BISWIRE/April 29, 2024 — Arway Linen, a trusted name in the commercial laundry industry since 1979, announces a transformative move to a new, state-of-the-art facility in Port Richmond, Philadelphia. This strategic shift marks a significant milestone in the company's growth trajectory, enhancing its operational efficiency and sustainability efforts while setting new standards in financing for small businesses.
The new 85,000 sqft facility, situated on five acres of land, represents a substantial upgrade from the current 30,000 sqft facility in the Frankford section of Philadelphia. This move comes as the second generation of Arway Linen's family business steps into key leadership roles, poised to drive innovation and growth.
Key highlights of the expansion include:
Green Initiative: Arway Linen is committed to environmental sustainability, with a focus on energy efficiency and renewable energy sources. The new facility will leverage cutting-edge laundry equipment to achieve an estimated 76% increase in energy efficiency compared to current standards. The installation of solar panels will further reduce the company's carbon footprint, contributing clean energy back to the grid.
Unprecedented Financing: With a project cost exceeding $30 million, Arway Linen has secured financing through a groundbreaking combination of SBA funding and an Energy Service Agreement. This innovative financial structure, which includes two "Green" 504 loans along with a 7A loan, marks a historic achievement for the SBA and enables Arway Linen to fund the project without external investors.
Increased Capacity and Efficiency: The new facility is designed to accommodate up to five times the current revenue capacity, thanks to advanced automation and efficiency-focused processes. The investment in state-of-the-art equipment will not only boost production capacity but also significantly reduce labor and utility costs.
Mario Stagliano and Mark Harad-Oaks, partners at Arway Linen, expressed their enthusiasm for the project, stating, "This expansion represents a significant step forward for our business and the industry as a whole. We are proud to pioneer sustainable practices and innovative financing models that set a new standard for small businesses."
Arway Linen's commitment to growth and sustainability underscores its dedication to providing customers with the highest level of service. The company looks forward to leveraging its new facility to continue its legacy of excellence in the commercial laundry industry and has future plans to grow by acquisition.
For more information, visit Arway Linen's website at www.arwaylinen.com.
