Beauty Salon Funding
The beauty salon industry is projected to grow by 16.9% in 2022. Enhance your salon experience and support the growth and success of your beauty salon with up to $500,000 in funding from ASAP Capital® in as little as 24 hours.
Beauty Salon Funding
The beauty salon industry is projected to grow by 16.9% in 2022. Enhance your salon experience and support the growth and success of your beauty salon with up to $500,000 in funding from ASAP Capital® in as little as 24 hours.
Reliable Fast Beauty
Salon Funding
With the rising focus on self-care and the influence of social media beauty influencers, demand for salon services is increasing. The number of salons and spa businesses in the United States has surged, and the industry is now valued at approximately $49 billion.
Traditional lenders like banks often view beauty salons as "high-risk" due to high customer turnover and lower profit margins. During the waiting period for funding approval, your salon might face challenges and miss out on growth opportunities in the beauty industry.
As an alternative lender, ASAP Capital® can approve more beauty salon funding than traditional lenders, with quicker approval times and funds available in as little as one business day. We offer various types of beauty salon funding to support your business growth, ranging from $3,000 to $500,000, with no restrictions on fund usage. We fund all types of beauty salons, including hair salons, makeup salons, day spas, and more.
Beauty Salon Funding Rates
Beauty salon funding rates vary depending on the type of alternative small business funding you obtain. Many alternative funding options use a factor rate rather than a traditional interest rate. Factor rates are straightforward decimal figures that indicate the additional amount you'll owe on the original loan amount, determined by your risk assessment.
Reliable Fast Beauty
Salon Funding
With the rising focus on self-care and the influence of social media beauty influencers, demand for salon services is increasing. The number of salons and spa businesses in the United States has surged, and the industry is now valued at approximately $49 billion.
Traditional lenders like banks often view beauty salons as "high-risk" due to high customer turnover and lower profit margins. During the waiting period for funding approval, your salon might face challenges and miss out on growth opportunities in the beauty industry.
As an alternative lender, ASAP Capital® can approve more beauty salon funding than traditional lenders, with quicker approval times and funds available in as little as one business day. We offer various types of beauty salon funding to support your business growth, ranging from $3,000 to $500,000, with no restrictions on fund usage. We fund all types of beauty salons, including hair salons, makeup salons, day spas, and more.
Beauty Salon Funding Rates
Beauty salon funding rates vary depending on the type of alternative small business funding you obtain. Many alternative funding options use a factor rate rather than a traditional interest rate. Factor rates are straightforward decimal figures that indicate the additional amount you'll owe on the original loan amount, determined by your risk assessment.
Beauty Salon Funding Solutions
Our knowledgeable and approachable Funding Advisors will assist you in finding the best funding option to help you achieve your goals while ensuring your auto repair shop's cash flow remains unaffected.
Beauty Salon Funding Solutions
Our knowledgeable and approachable Funding Advisors will assist you in finding the best funding option to help you achieve your goals while ensuring your auto repair shop's cash flow remains unaffected.
How to Utilize Beauty Salon Funding
There are no restrictions on how you can use your funds. Alternative beauty salon funding is perfect for boosting your salon’s revenue, driving growth, and enhancing your commitment to customers. You can use your funding to:
Renovate or expand your salon’s space to meet increasing demand
Purchase new equipment or fixtures for your salon
Expand into new areas of the beauty industry
Open a new location
Obtain necessary business insurance and beauty licenses
Hire top talent in the industry
Enhance your online presence with marketing materials such as email newsletters, online ads, social media marketing, and more
Invest in salon maintenance and security
Sometimes, beauty salons require a quick infusion of working capital to address the unique challenges of their field, such as:
Purchasing replacement parts for damaged equipment
Covering energy bills
Managing supply shortages of popular products, such as hair color
Handling cash flow and payroll
Navigating seasonal fluctuations
Addressing the high cost of beauty equipment and supplies
How to Utilize Beauty Salon Funding
There are no restrictions on how you can use your funds. Alternative beauty salon funding is perfect for boosting your salon’s revenue, driving growth, and enhancing your commitment to customers. You can use your funding to:
Renovate or expand your salon’s space to meet increasing demand
Purchase new equipment or fixtures for your salon
Expand into new areas of the beauty industry
Open a new location
Obtain necessary business insurance and beauty licenses
Hire top talent in the industry
Enhance your online presence with marketing materials such as email newsletters, online ads, social media marketing, and more
Invest in salon maintenance and security
Sometimes, beauty salons require a quick infusion of working capital to address the unique challenges of their field, such as:
Purchasing replacement parts for damaged equipment
Covering energy bills
Managing supply shortages of popular products, such as hair color
Handling cash flow and payroll
Navigating seasonal fluctuations
Addressing the high cost of beauty equipment and supplies
How Beauty Salon Funding Works
APPLY
Collect 3 months of bank statements and other necessary documents. For expedited approval, provide secure access to your bank account’s transaction data.
CHOOSE FUNDING
A Funding Advisor will contact you within 1 hour (during regular business hours) to finalize your application and discuss funding options.
GET FUNDED
Once you and your Funding Advisor agree on the best funding solution for your business, funds can be approved and deposited within 24 hours.
SET REPAYMENT
Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales, with amounts based on your sales volume.
Are You Eligible for Beauty Salon Funding?
Exact qualification requirements vary depending on the type of beauty salon funding you are seeking. Approval for beauty salon funding from ASAP Capital is not solely based on your credit score or financial history. We assess the overall health of your business, including:
Business revenue
Cash flow management
History of payments to vendors
Duration of business operation
Publicly available records
Are You Eligible for Beauty Salon Funding?
Exact qualification requirements vary depending on the type of beauty salon funding you are seeking. Approval for beauty salon funding from ASAP Capital is not solely based on your credit score or financial history. We assess the overall health of your business, including:
Business revenue
Cash flow management
History of payments to vendors
Duration of business operation
Publicly available records
Helpful Resources for Beauty Salon
10 Alternatives to SBA and Bank Small Business Loans (Excluding Family and Friends)
How to Secure a Business Loan Without Collateral
Do You Need a High Credit Score to Secure a Business Loan?
Helpful Resources for Beauty Salon
10 Alternatives to SBA and Bank Small Business Loans (Excluding Family and Friends)
How to Secure a Business Loan Without Collateral
Do You Need a High Credit Score to Secure a Business Loan?
Damon: (619) 453 5737