Beauty Salon Loans | Hair & Nail Salon Financing | SME Loans | DUPLICATE

As all business owners will know, upkeep is expensive when managing a salon or barbershop. There are several running costs needed to keep clients comfortable and happy with their treatments. From salon chairs to styling units, beauty trolleys to magazine racks – beauty salon loans and hair salon loans provide the perfect way to finance business improvements.

Similarly, our nail salon loans are the ideal solution for financing the purchase of nail technician supplies, new manicure tables, pedicure chairs and store renovations or expansion.

Businesses looking for funding can benefit from our finance products:

Merchant Cash Advance For Salons

Our fast and flexible alternative finance product, the merchant cash advance, enables salon owners to receive between £5,000 and £500,000 in just 24 hours. Unlike business loans, this product acts as an advance on the revenue your salon is predicted to generate through future credit and debit card sales.

After receiving the funds you require, repayments become automatic and are paid back using a small percentage of your customers’ card transactions. The beauty of the merchant cash advance is that you get to keep the total amount of income that your salon generates through cash sales and there is no interest charged on the amount you borrow.

** Is My Salon Eligible For A Merchant Cash Advance?**

To successfully apply for a merchant cash advance, please ensure that:

• You are a sole trader or limited company
• You as the business owner are over the age of 18
• Your business is registered and trading in the UK
• Your business has been actively trading for a minimum of 6 months
• Your business’ monthly card sales average a minimum total of £5,000

Business Loans For Beauty Salons, Hair & Nail Salons

Here at SME Loans we also have a panel of lenders who offer unsecured business loans for the hair and beauty industry. By choosing our business loan product, salon owners can access between £1,000 and £500,000 to finance existing or new ventures. After taking out a business loan, the money then gets repaid with interest in scheduled monthly instalments.

Because the loans we offer are unsecured, you don’t have to worry about providing security through personal or business assets, instead you may be asked for a personal guarantee. The personal guarantee exists to ensure that if your salon defaults on loan repayments, you as the salon owner will become liable for repaying the remaining funds to the lender.

Is My Salon Eligible For A Business Loan?

To be able to apply for one of our business loans, please ensure that:

• You are a sole trader or limited company
• You as the business owner are over the age of 18
• Your business is registered and trading in the UK
• Your business has been actively trading for 6 months minimum
• Your business has a minimum monthly turnover of £5,000