Salon & Barber Shop Business Loans
Owning a business in the beauty industry requires long hours, a passionate staff and a keen eye for new trends. Keeping up with new styles, along with new equipment and products, can be a fulltime job in itself. Your customers come to your business looking for the best service available, and by giving them just that, you will build a loyal clientele who not only visit you for their needs regularly, but may share their experience with friends and family as well.
If your service is top notch, people will use it. That’s the simple part. The complicated part is getting your product to that level. This requires you to stay ahead of the competition; whether that means having the best equipment available, bringing in talented staff, renovating your office or workspace, or a combination of all of these.The costs of these improvements can pile up quickly. That’s when a business line of credit, or other type of funding, could be exactly what a salon or spa needs to take the next step for their business and gain an advantage on their competition.
Why And When To Choose Professional Beauty And Grooming Funding
Banks rarely offer large unsecured business loans, requiring that most business owners put down assets, property or other collateral. Not only do banks have a hard time working with small businesses, their long waiting periods keep applicants in the dark for months, time that many business owners simply don’t have.
At Fast Capital 360, we’ve designed our funding process to work with salons, spas and other small business owners. Our application process takes the average user less than 10 minutes to complete so you can spend more time focusing on your business instead of lengthy paperwork.
Rather than forcing you to wait weeks or months for the funding your salon business needs, Fast Capital 360 delivers decisions in hours with most applicants receiving their decision within 60 minutes. Once a business line of credit is finalized, you could have the cash your business needs by the end of the next business day.
In addition to being quick and easy, our funding agreements are designed to be fair, honest and transparent.. As a member of the Responsible Business Lending Coalition, we’ve committed ourselves to providing clear and understandable terms in our contracts so you know exactly what your paying for; none of the hidden fees commonly associated with traditional loans.
While some salons or barber shops need a business advance now, we understand that every business is different and what works for one doesn’t always work for the other. If you have any questions about our funding options or the other types of funding available for your professional cosmetic business, our business advisors are available six days a week to answer any questions you may have..
To speak with us about funding options, call 1-800-735-6107.
Today, businesses have choices in how they receive their funding and who they get it from.
Spas, cosmetic businesses and salons may need funding if:
- They need to purchase new supplies or equipment
- They need to hire more staff
- They would like to offer a new service as part of their business
- They would like to remodel their space
- They are opening a new location