Business Loans for Hairdressers & Beauty Salons

This type of business loan for hairdressers and salons works differently from traditional lending. With a merchant cash advance, repayments are taken through your credit and debit card sales as and when they happen. You agree with the lender a comfortable percentage of future card sales that will go towards repaying the advance.

For example, you charge a client £60 for a hair and beauty makeover, and they pay you by credit card. If you agreed to a 10% repayment with the lender, then £6 would be transferred automatically to the lender as the transaction is made. This continues on your daily sales until the advance is repaid.

The amount you can borrow depends on your monthly credit and debit card sales. For example, if your total monthly sales are £8,000 and £6,000 of that comes from card payments, you could typically qualify for a merchant cash advance of around £6,000. In some cases, the amount may be slightly higher or lower than your card turnover, that’s why it’s best to get a personalised quote to see exactly how much funding you could qualify for.

Traditional lenders, like banks, often require a detailed business plan, which can slow down the process with extra paperwork. With a merchant cash advance, there’s no need for a business plan, making it a faster, simpler, and hassle-free way to access funding.

Yes! Even if your personal or business credit score isn’t perfect, you can still access funding through a merchant cash advance. Unlike traditional loans, this type of financing focuses on your future card sales rather than your credit history, making it easier for salon owners to get the money they need.

There are many ways to use your salon finance to grow and improve your business, including:

Refurbishment, development, and decorating

Upgrade your hairdresser or salon to create a safe, clean, and welcoming environment for your clients. You could redesign your interior to give the perfect ambience, extend your existing premises, or even invest in a new location. We can help you get the funding to help make these improvements possible.

Purchasing equipment

Invest in professional hairdresser and beauty salon equipment to boost efficiency and enhance the client experience. From beauty beds, chairs, couches, hairdressing furniture, and manicure/pedicure stations to face and body machines, your business loan can cover a wide range of essential items.

Marketing

Promote your business to attract new clients and retain existing ones. You can invest in online marketing, social media campaigns, advertising in magazines or newspapers, or even develop an e-commerce shop to sell beauty products. Funding can help you create a strong brand presence and grow your sales.

Yes! The funding you secure can help you attract and hire the best talent for your salon. Bringing on skilled, professional, and personable staff not only enhances your customer experience but also builds loyalty. Offering competitive pay and incentives can help you retain the right team for the long term.

Getting a business loan for your hair or beauty salon is quick and straightforward. Simply complete our short online application form with a few basic business details. Once submitted, you’ll instantly receive a range of no-obligation loan quotes from multiple trusted lenders. You can then compare your options and choose the finance solution that best fits your salon’s needs. Applying is fast – it only takes a minute!