Reviews from beauty salon owners.
Business owners love that Lendio helps them get funding without the headaches.
Beauty salon business loans, fast.
Apply for financing today to build your business, upgrade your equipment, or fund your next project.
Applying is free and won't impact your credit*
Proven beauty salon lending expertise.
Get the answers and the funding you need with support all along the way.
$16 billion
in small business funding facilitated in the last decade.
4.8 stars
21,000 Trustpilot® reviews.
50% repeat customers.
75+ lenders
providing broad coverage for small business lending.
*Qualification criteria, rates, and other funding terms will vary depending on the type and location of your business, and upon other factors. This is not a guarantee of funding, and it should not be relied upon as an accurate assessment of the availability or terms of the represented funding products.
How much can I qualify for?
Not sure what you need or what funding options are best for you? Use our simple calculator to get a rough idea of your options with no commitment, and apply when you’re ready.
Lendio knows the beauty salon business.
Whether you’re looking to purchase new salon equipment or expand to a second location, Lendio finds you a picture-perfect match for your lender.
Bridge seasonal slowdowns
Purchase inventory, furnishing, fixtures and salon equipment
Refinance existing debt
Pay your stylists and support staff
Invest in marketing
What type of commercial real estate funding is best for your business?
These are the most popular types of funding that other beauty salon-based businesses qualify for through Lendio.
Business Line of Credit
Access available funds whenever you need them, and only pay interest on what you draw.
Revenue-Based Financing
Access funding based on your future revenue and repay with regular payments.
Business Term Loan
Borrow a lump-sum with a set repayment schedule, and get funding quickly with online options.
What types of business loans are available to beauty salon businesses?
Revenue-based financing
Revenue-based financing (also known as a business cash advance) lets you borrow cash based on future revenue, which you then repay directly as a percentage of your sales.
Term Length
1-15 months
Max Loan Amount
$1 million
Debt financing
Your classic debt financing, typically repaid in fixed installments over a set period of time, comes in the form of term loans and SBA loans. An SBA loan is backed by the federal government.
Term Length
6 months-25 years
Max Loan Amount
$5 million
Line of credit
A line of credit gives you a lump sum that you can draw from as needed. It helps you stay on top of beauty product supplies, payroll, rent, and other operating expenses when your revenue fluctuates.
Term Length
6-24 months
Max Loan Amount
$250,000
Equipment financing
Whether your equipment needs an upgrade or you’re expanding the number of booths in your beauty salon, an equipment loan offers competitive financing. If you go with equipment leasing, the assets you lease are used to secure the loan, so you don’t have to pledge other business assets as collateral.
Term Length
1-5 years
Max Loan Amount
$5 million
FAQs
Find answers to some commonly asked questions in the beauty salon industry.
What is a beauty salon loan?
A loan for a beauty salon provides an injection of working capital, so you can meet your business goals. Interest rates are typically fixed, so you know exactly how much needs to be repaid over what period of time.
What are the requirements to get a beauty salon loan?
Requirements will vary based on loan type and lender. Minimum requirements to apply for a beauty salon loan include:
- Six months time in business
- A monthly revenue of at least $8,000
- Credit score of 600 or higher
What credit score do you need to get a beauty salon loan?
Some lenders will accept credit scores as low as 600, but higher credit scores will qualify you for more loans with better rates and payback terms.
How much does financing a beauty salon cost?
Costs depend on multiple factors, including the property, the location, equipment needed, and more. Make sure to account for all expenses including rent, legal and accounting fees, marketing, licensing, equipment, payroll, and utility costs.
Financing helps with these costs so you’re able to cover business expenses while still paying yourself. Keep in mind that financing will cost you additional money over time due to interest rates, which can be anywhere between 4% and 10% depending on the loan.
What are the benefits of an online lender marketplace?
When your beauty salon needs cash in the bank fast, an online business loan is one of the quickest options out there. The application process is quick and straightforward, a funding manager is available to walk you through the process, and you have a large selection of lenders to work with.
What is an SBA loan?
An SBA loan can help beauty salon owners get funding that’s backed by the federal government. That means lenders are encouraged to approve these loans because the funds are guaranteed by the SBA. You still apply directly with a lender, which uses SBA guidelines as a starting point for approval. However, the process can be slower compared to other types of financing.
What are the different types of SBA loans?
There are three different types of SBA loans depending on your beauty salon needs. For general working capital, try an SBA 7(a) loan. For purchasing major assets like a building or salon and nail tech equipment, take a look at the SBA 504 program. If you’re a new business that needs a minimal amount of financing to get started, the SBA microloan program can lend you up to $50,000.
Ready for funding?
See what you can qualify for on the Lendio Marketplace.