Growing a hair / beauty salon business requires financing! Lenders know that these business can really struggle with varying receivables and high overhead. A successful salon needs time to develop a loyal customer base. A salon’s success is based on a local following and until that business has established it’s “regulars” overtime, revenue can be very unstable making fixed loan repayments difficult; And the bank knows this!
I recently read an article from USAToday about a successful entrepreneur in the hair beauty salon business. It’s an interesting article that shows how determination and creativity can lead to success in a big way. The business owner mentions the difficulties she had in acquiring financing for her salon. After being turned down for small business loans, she resorted to borrowing money from friends and family. Ultimately she was able to get the necessary financing which enabled her to grow her salon business into a multi million dollar enterprise.
We fund many established beauty and hair salon businesses in their early stages of development. Our funding helps them to maintain their businesses while building their customer base overtime. Our business cash advance program works well for salon’s and many other small businesses that may have trouble with the inflexible repayment options offered by the bank. Our business cash advance program offers financing based on future credit card sales with flexible repayment – meaning we take repayment when your business can afford it. In addition our cash advance is unsecured, available to businesses with bad credit and is available to any business (even high risk borrowers like beauty and hair salon businesses) as long as you process a minimum of $1000/month in credit card sales.
Plus… you won’t have to ask your friends or family 😉