Business loans for beauty salons

Need to replace chairs, stock inventory, hire staff, expand your offerings, or renovate your space? Our financial partners can customize a beauty salon business loan that meets your needs in as quickly as 24 hours.³

Simply fill out our short online form with a little information about your business, and we’ll match you with the best partners for your unique profile and needs.

You can use financing to advertise and bring more foot traffic into your salon, to hire and train staff, and even to give your salon a makeover by replacing your equipment, supplies, and signage. With SBL, there’s no risk and no commitment to see your top recommended financing options. Click here to get started.

There’s no shortage of ways your beauty salon can use a business loan from our lenders, and each has unique financing options to meet your needs. Here are a few types of business loans they offer to spas, salons, and wellness centers.

• Expansion financing: Just because you started as a place to get your hair done doesn’t mean you won’t want to add a massage or nail service. A business expansion loan lets your salon add the treatments your customers demand. Use it to buy the space next to you, order equipment, and staff up.
• Working capital loans: When operations are running your cash flow tight, a working capital loan is the best option. You can get approved in as quickly as 24 hours3 and use it for immediate operating needs including payroll, rent and utilities, repairing equipment, restocking hair products, and laundry service if washers break. It is designed to keep your operations running no matter what the expense is.
• Bridge loans: This type of beauty salon financing bridges gaps in cash flow while you’re waiting for larger amounts to come in, or accounts receivable to clear. These loans can cover the costs if you’re moving locations and need to temporarily pay two rents, if you need to purchase a large inventory order that requires a deposit, or if you need to make a bid on a competing business that’s up for sale and you have longer-term financing set to come through later on.
• Business lines of credit: Sometimes a small business loan is not the best option. Business lines of credit are a good alternative to a traditional beauty salon business loan as the money is there when you need it. Best of all, you can use it for almost any purpose. Just make sure you pay the funding back on time, as lines of credit may come with high interest rates.

Beauty salon and spa owners just like you are using the business loans they get from our partners for multiple purposes. These include: 

• Replacing chairs, dryers, sinks, workstations, and other equipment.
• Renovating reception areas, treatment rooms, and the overall salon.
• Marketing and advertising to build business year-round or maximize bookings during peak seasons like wedding season and the holidays.
• Expanding service offerings or opening a new location. 
• Training and hiring staff, as well as getting them certified.
• Covering unexpected expenses like replacing damaged inventory or rebuilding after natural disasters.
• Stocking up on supplies including capes, dyes, polishes, shampoos, and products.

Your beauty salon business loan can be used for just about any purpose, and the only thing stopping you from getting the financing to take your business to the next level is not applying.  Click here to see which of our financial partners is the best fit for you, and then apply with them directly in minutes. 

The requirements to qualify for a beauty salon business loan vary by financing provider. Traditional lenders, credit unions, government agencies, and alternative online lenders are all going to have certain minimum requirements that applicants need to meet to get funded. These may include a minimum amount of time in business (i.e., six months to a year), a minimum amount in annual sales, and an established credit score (from poor to excellent).

Regardless of the amount of time you’ve been in business, your annual revenue, and your FICO score, SmallBusinessLoans has solutions for you through our extensive network of trusted partners. Click here to see your matches now.