Business Loans for Beauty Salons

• Small business loans for your beauty salon.
• Quick, and streamlined application with a variety to choose from.

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Get the Best Beauty Salon Loans

If you're starting or expanding a beauty salon, you'll need business loans to get the job done. But new salons pop up all the time, and they're difficult businesses to pull off without working capital. Lenders know this, and credit unions and bank loans are often reluctant to finance beauty salons unless the borrower has strong personal credit and significant experience in the beauty industry.

That's why we've built a network of the best loans for beauty salon businesses, along with advice on how to get hair salon financing for your business. At Advancepoint Capital, we understand that your business is unique, and we'll work with you to find the best funding options available.

How does Business Loans for Beauty Salons work?

Whether you need a beauty salon loan, line of credit, business credit cards, or equipment financing, we can help you get the hair salon financing you need to grow your business. Our network of multiple lenders offers many loan types with a choice of interest rate, loan amounts, and origination fees. We've helped thousands of small businesses get the financing they need to succeed, and we can do the same for you.

Contact us today to learn more about our beauty salon loans and how we can help you get the funding you need to grow your business!

Get Started Today

Get Started Today

AdvancePoint Capital makes the loan application process a simple, straightforward experience.

Beauty Salon Business Loans

Long-Term Business Loans

Long-Term Beauty Salon Business Loans

Long-term business loans are small business loans primarily used for expansion and growth. Long-term loans have higher credit standards and more document requirements because of the longer-term nature of the loans. The rates and terms are attractive.

  • Maturity of greater than 3 years up to 10 years
  • Affordable monthly loan payments
  • Perfect solution for business expansion, renovation or relocation
  • Low interest rate
Short-Term Business Loan

Short-Term Beauty Salon Business Loan

A short-term loan is a great alternative to traditional financing when your credit and documentation are not up to par but you need working capital. Short-term small business loans have fixed rates, fixed terms, and fixed payments.

  • Fast capital with same day funding
  • Limited documentation required compared to traditional financing
  • Short term loan is defined as 3 to 18 months, in some cases 24 months
Business Line of Credit

Business Line of Credit for Beauty Salon

A line of credit provides money to business owners on the fly for working capital, as you can draw money off the line on demand without applying for funding. You only pay interest on the outstanding balance and can payoff early at an interesting benefit.

  • Revolving unsecured credit line
  • Interest rates starting at 1% per month
  • Pull money out or payoff on demand saving interest
SBA Loan

Small Business Administration (SBA) Loans for Beauty Salons

SBA loans are popular with salon and spa owners because of their attractive rates and terms. The application process is lengthy and good credit is required. SBA loans can also finance commercial real estate. It's worth the wait if you're qualified for an SBA loan.

  • SBA interest rates are some the best starting at prime plus margin of 2.25%
  • Substantial application process that will require time
  • Terms up to 25 years, affordable monthly payments
Merchant Cash Advance

Merchant Cash Advance for Beauty Salons

Merchant cash advances are actually not loans but the purchase of futures sales agreements. A lump sum of money is advanced to the business and repaid by a set percentage of future sales deposits until it's paid back in full. Hair salons like this product because repayment is flexible based on future sales that fluctuate month to month. This product is a great working capital solution.

  • Revenue based financing
  • High approval rates with Low documentation requirements
  • Fast funding with simple application process
  • Flexible with low credit score requirement
Business Credit Cards

Business Credit Card for Beauty Salons

Many small business owners use credit cards as an option to make purchases and pay bills. Credit cards come with the flexibility of low monthly payments and the ability to only pay interest on the outstanding balance. Credit cards are used in combination with other small business loan options.

What is an SBA 7(a) Loan for a Beauty Salon?

The SBA 7 (a) loan is a popular loan backed by the Small Business Administration that offers beauty salon loans with attractive rates and terms not found offered by traditional business loans. SBA approved lenders originate and service these loans to SBA guidelines to receive certain loan guarantees.

How Does SBA 7(a) Financing Work for Beauty Salons?

The SBA 7 (a) loan is a business term loan with fixed rates and terms with no balloon payment. The SBA approved lender originates the application and offers business funding with the blessing of the Small Business Administration that provides a guarantee, that without, the lender would not offer SBA terms.

  • Loan Amounts- up to $10,000,000
  • Terms- Length of the to repay from 5 to 10 years, (up to 25 years if real estate is used for the loan)
  • Interest Rates- Starts at prime plus 2.75%

What are the advantages of SBA 7(a) loans for a Beauty Salon?

  • Construction and/or renovations
  • Purchase equipment and machinery
  • Operational working capital needs
  • Purchase commercial property for the business
  • Acquire a Business

How to apply for an SBA 7(a) Business Loan for a Beauty Salon

The SBA application process can be challenging as it requires a lot of information for approval and has strict credit worthiness and document requirements.

  • Application- The application is lengthy and detailed that requires both personal information of business owner(s) and business information as well.
  • SBA form 413 Personal Financial Statement is required to be completed.
  • Financial Statements- Bank statements, business tax returns, personal tax returns, profit & loss, balance sheet, accounts receivable aging report, accounts payable aging report, business debt schedule and other financial document requests may apply.

For more information, visit advancepoint's SBA loan page

Benefits of Beauty Salon Financing

Common Uses and Benefits of Beauty Salon Financing

Improve Your Cash Flow

Businesses cannot run on cash alone. In fact, most successful business owners know that they need to keep a close eye on their cash flow in order to make sure that their businesses are running smoothly. A credit line for working capital for your beauty salon can help you improve your cash flow and keep your business running at its best.

Business Expansion

If you are looking to expand your beauty salon, a business loan can help beauty salons expand, giving salon owners the funds that are needed to do so. This can include anything from adding new services to renovating your space to accommodate more clients or needing equipment financing.

Advertising & Marketing

A beauty salon line of credit can also be used for advertising and marketing purposes. This can help you attract new clients and keep your existing clients coming back. Many business loans can be used for a variety of marketing expenses, including online advertising, print ads, and even television commercials.

New Technology for Your Salon

Keeping up with the latest trends in the beauty industry can be costly. If you want to stay ahead of the curve, salon owners need to have the latest equipment and technology for their salons. A business loan can help salon owners finance these purchases so that they can offer their clients the best possible experience.

Purchase Inventory and Supplies

Running a beauty salon requires a lot of supplies and inventory. From shampoo and conditioner to hair color and styling products, you need to make sure that you have enough on hand to meet the demand of your clients. A business loan can help you finance these purchases so that you can keep your salon stocked and ready for business.

Equipment Loans

If you are looking to finance new equipment for your salon, salon equipment-secured loans can be a great option. This can help the business owner get the latest and greatest equipment so that you can offer your clients the best possible experience.

Pros and Cons of getting a Business Loan for a Beauty Salon


  • Loans for beauty salons provides the funds to purchase items not available without financing
  • Preserves capital reserves
  • Spreads the cost of purchases and expenses over time
  • Builds business credit history


  • Loan terms with debt payments that add to monthly expenses
  • The risk of overleveraging business with debt
  • Can damage credit if there is a default or delinquency of the debt

Apply For Your Advancepoint Loan Today!

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How to chose the right Business Loan for your Beauty Salon

When considering beauty salon loans you need to consider the reason for business funding and your specific qualifications. Its not always the best rate and could be the best features and conditions. Your qualifications may limit your options as well.

The following is a list of considerations when choosing loans for beauty salon.

  1. Need- Its important to compare the use of funds and why you are searching for a beauty salon loan and see which business funding option best fulfils that need. Product features can sometimes trump the best interest rate and costs.
  2. Qualifications- Not all beauty salon owners are equal when it comes to qualifications. Your business profile, time in business, credit, cash flow and financial statements can dictate what a beauty salon owner will be offered by various lenders. Lenders and products view qualifications differently so make sure to shop around.
  3. Product Features- The design and features of beauty salon loans vary greatly. Lines of credit are revolving with a draw feature, business term loans are fixed terms with a lump sum offered up front. Equipment leases can can in the form of a lease or a loan.
  4. Rates- Rates can be and interest rate or a factor rate. An interest rates are amortized based on the outstanding balance whereas factor rates are flat or fixed costs found in leases, merchant cash advances and short-term loans. Calculate your overall costs when considering rates.
  5. Cost and Fees- Fees are a part of most beauty salon loans. Common fees you may see include, origination fee, processing fee, funding fee, technology fee, pre-payment penalty fee and default fees and the servicing side of an agreement. Always consider and be aware of all fees your are being charged.
  6. Terms- Length of time of repayment as well as payment frequency will be reflected in your payments and ability to repay against your cash flow which is obviously an important consideration.
  7. Conditions- Conditions refer to pre-payment penalties, personal guarantees and other obligations of the beauty salon business owners.

How to qualify for a Business Loan for a Beauty Salon

To secure a small business loan for your existing beauty salon, start by reviewing your financial statements and gathering all necessary documentation, including tax returns, bank statements, and profit and loss statements. Next, research different lenders and small business loan options by calling and discussing with a business finance specialist your needs and what you potentially qualify for.

How to qualify for a Business Loan for a Beauty Salon

To secure a small business loan for your existing beauty salon, start by reviewing your financial statements and gathering all necessary documentation, including tax returns, bank statements, and profit and loss statements. Next, research different lenders and small business loan options by calling and discussing with a business finance specialist your needs and what you potentially qualify for.

How to Acquire Beauty Salon Financing?

Apply and Compare options and offers to see which is the best fit for your business.

When applying for a beauty salon loan, it's important to be well-prepared and organized to increase your chances of success. Here's a checklist of what documents and information MAY be needed to secure funding:

  1. Loan purpose: Clearly define the purpose of the loan and how it will be used to benefit your business.
  2. Loan amount: Determine the specific amount you need to borrow based on your business needs and financial projections.
  3. Credit history: Review your personal and business credit reports to ensure accuracy and address any issues that may affect your loan application.
  4. Financial statements: Gather your business's financial statements, including bank statements, tax returns, and other financials to document your ability to repay.
  5. Industry: Provide an overview of your industry and business activities

It's important for beauty salon owners to review the specific requirements of the lending institution you're applying to, as they may have additional documentation or criteria. It's also a good idea to consult with a financial advisor or accountant to ensure you've prepared a strong loan application.

How to apply for the Best Beauty Salon Business Loans

  1. Initial Research- Its important to recognize up front what you need a beauty salon loan for, what are your qualifications and what loans for beauty salons are available to me and my business.
  2. Selecting a Business Lender- There are various business loan originators to chose from including traditional banks, credit unions, SBA approved lenders, business loan brokers, online business lenders, invoice factoring companies, equipment leasing companies and merchant cash advance funders. Check out there experience, customer service, product diversity and reputation online when making selections.
  3. The Initial interview - The initial interview is a discovery call that involves a frank discussion with your business loan originator of your needs, qualifications and available products and terms.
  4. Application - After discussing potential loan options you will be required to complete a business funding application supported with both business and personal information of business owners. Additional documentation will be required as part of the application and these documents are dependent on your qualifications and product selection
  5. The Offer(s) - Your offer(s) should be delivered to you in the form of a detailed term sheet and State specific disclosures to determine product features, terms and conditions for your review and consideration.
  6. Compare and Shop Offer(s) - Always compare products and terms with multiple business loan originators to get the best product for your specific needs of the business.
  7. Chose an Offer - When you are ready to move forward with an offer you will have to provide funding conditions and sign an agreement. Always read agreement and terms thoroughly before you sign for accuracy and knowing your rights and responsibilities.
  8. Business Funding - Once the lender has completed all verifications and received all closing document requirements, a clear-to-fund is issued, repayment process is set up and funds are sent!

Why Choose Advancepoint Capital?

  • Experience in the Beauty Salon Industry – We have been funding nail salon businesses for over 10 years.
  • Trust – 5.8 stars/out of 5 with Google reviews and A+ rating with Better Business Bureau as well as positive feedback from nail salons.
  • Loan Specialist – Advancepoint's business financing specialists who know the beauty salon industry’s ins and outs.
  • Zero Risk – Our offers and options are free with no commitment required.
  • Products – A variety of business financing options. Through our lender network, we gain access to everything available in the marketplace currently.
  • Services – Fast, prompt, and responsive
  • Happy Customers – We offer financing support for both minority-owned and women-owned nail salons.

Frequently Asked Questions