Business Loans for Hair & Beauty Salons

Borrow £1,000 – £500,000 for 1 day to 2 years with our flexible business loans.

24 hours to get a decision

Easy Application

No fees for repaying early

Hassle Free

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What is a Beauty Salon Loan?

A beauty salon loan is a financial product tailored to support growth and establishment in the beauty industry. These loans, offered by various alternative lenders, range from unsecured and secured loans to merchant cash advances, providing versatile funding solutions for beauty businesses.

Perhaps You Want To:

  • Expand, renovate or refurbish your salon
  • Use additional advertisements to promote your salon’s brand or seasonal deals
  • Invest in specialist equipment to better your services
  • Recruit new staff
  • Finance training courses for your staff
  • Buy out your partner(s)
  • Bridge a short-term cash-flow problem
  • Purchase stock for re-sale; hair products, beauty products etc.

Unless you have a substantial cash reserve, each of the above items will require you to obtain additional business funding. With a Business loan of the above become possible!

How Does It Work? Understanding Alternative Finance

With an advance your salon can gain access to up £500,000 within just 24 hours. Repayments are automatic and hassle-free; pay back using a small, agreed percentage of the capital your salon generates through credit card and debit card transactions.

Will Your Salon Qualify?

Getting accepted for a business cash advance is so much easier than applying for a loan from the bank. You don’t need to prepare a business plan, provide excessive supporting documentation, or have a perfect credit score to qualify. All we ask of you is that:

  • Your salon has been in business for at least 6 months
  • The business is a limited company.
  • The business owner is a resident of the UK and over the age of 18.

Apply today to receive a free, no-obligation quote and if you choose to proceed, the funding could be with you in just 24 hours!

Why Choose Us? Bank Loans vs Alternative Finance

When it comes to financing your salon, your first thought is likely to approach the banks, but what if your funding application is rejected or the bank’s strict lending terms don’t meet your business needs?

Don’t worry, there’s a better option available to you. With our alternative finance option everything can be tailored to meet your individual salon requirements and qualifying is far easier.

Salon Financing Made Affordable:

  • Apply in minutes – simply complete a short, online form
  • Fund your business fast – access between £1,000 – £500,000 in as little as 24 hours.
  • Avoid the high interest costs imposed by banks – there is no interest charged on an advance, just one all-inclusive fee which is agreed between yourself and the lender before any funds are transferred.

Types of Beauty Salon Business Loans

When considering a loan for your salon, you have several options:

Unsecured Business Loans

These loans are quicker to obtain as they don’t require collateral. They are suitable for immediate needs like minor renovations or inventory purchases.

Secured Business Loans

With a secured loan, larger amounts are accessible, ideal for significant expansions like opening a new location. Collateral, such as commercial property or a vehicle, is necessary.

Merchant Cash Advances

If your salon accepts card payments, this flexible option allows you to repay a portion of your credit and debit card sales monthly, aligning repayment with your revenue flow.

Business Credit Cards

For smaller, recurrent purchases like salon supplies, business credit cards offer convenience and can act as a financial cushion.

Equipment Financing

This option is perfect for acquiring expensive salon equipment, allowing you to make fixed monthly payments instead of large upfront costs.

Determining If Your Salon Needs a Loan

The decision to take a loan should align with your business growth plans. Whether it’s for rapid expansion, maintaining cash flow, or investing in marketing, a beauty business loan can be a strategic tool to achieve your goals faster.

Choosing For Kredit for Your Beauty Salon Loan

For Kredit excels as a loan finder service, providing an easy-to-navigate platform to compare premier business finance products. Their expertise has assisted numerous small businesses in securing essential growth funding.

FAQs

Q: How should I decide between a secured and unsecured loan for my salon?

A: Evaluate your financial needs and your capacity to provide collateral. Unsecured loans are quick solutions for immediate financial needs, while secured loans cater to larger-scale funding requirements.

Q: Is it possible to use a salon loan to purchase an existing business?

A: Certainly. Beauty salon loans can be applied towards various business activities, including buying an existing salon.

Q: What considerations are important before opting for a merchant cash advance?

A: Consider your salon’s card transaction volumes as loan repayments are based on a percentage of these sales. It’s particularly suited for salons with steady card-based transactions.

Find the right loan for your business

  • Loans from £1k to £500k
  • No fixed repayments
  • No collateral needed
APPLY NOW

Will You Qualify For A For Kredit Loan?

There are four main criteria for qualifying for a For Kredit loan.

If you can answer yes to all of these, then you have a good chance of being approved.

You’re a director with a UK address

You’ll also need the relevant documentation to prove this – a passport or a birth certificate are fine.

You’re a UK limited company or limited partnership

We only work with UK businesses.

You have a turnover of at least £10k

We can accept applications from all businesses (no matter the age or industry)

You have been trading for over 6 months

Your business must be at least 6 months old to be accepted.

A Simple Application Process

  • Apply online in 5 minutes

    Decide how much money you need to borrow and fill the online application with all your details.

  • Approval in just 24 hours

    Once your business loan has been authorized, you have the flexibility to transfer the required amount to your bank account. The funds will be deposited into your account within just a few hours.

  • Borrow up to 2 years

    How you pay back your business loan depends on your situation. If you want to pay it back early, there won't be an extra fee.

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