Beauty Business Loans

Are you looking for beauty salon financing for business growth or to get started? Compare loans for beauty & hairdressing businesses today.

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Written by Jamie Moorcroft | Reviewed by Richard Wilcock | Updated: August 08, 2023

What is a beauty salon loan?

A beauty or salon business loan is specifically designed to help those in the beauty industry grow their business.

The alternative lenders we work alongside offer flexible and affordable financing for your beauty business, you can choose from a range of loan types from unsecured and secured loans to merchant cash advance.

Beauty salon loan

Types of salon business loans

If you’re considering a beauty salon loan, here are some options available to you.

Business loans

You can apply for either a secured or unsecured business loan. Both can help your business grow, but an unsecured loan is quicker to obtain, and a secured loan is secured with a high-value asset, like commercial property or a vehicle.

With a secured loan, you can access higher loan amounts, so if you’re planning to open a new location or completely renovate your salon, you might benefit from a secured loan.

You should weigh up the pros and cons of each before making a decision.

Merchant cash advance

If you accept credit and debit card payments, a merchant cash advance offers a flexible financing option for you. You receive the amount as a lump sum but don’t repay the loan in fixed instalments. Instead, you repay a percentage of your credit and debit card sales each month.

For example, if your nail salon is busy around summer for wedding season, you’ll repay more of your loan, and you’ll have processed more card payments. Then the months when income is lower, you repay less.

Business credit card

Business credit cards are helpful if you're making smaller purchases such as salon supplies like shampoo, hair accessories, nail varnishes, nail lamps etc. Credit cards can also act as a safety net, so, should you need to dip into some extra cash one month, it’s there to help out.

Let’s say your business credit card has a limit of £5,000 and you purchase supplies worth £1,500. When you’ve repaid that £1,500, it’s there again to use until your agreement comes to an end.

Equipment financing

To keep your salon competitive, you need to invest in the best equipment, but buying everything outright can be costly. Instead, you can lease or purchase equipment using equipment financing.

You get to use the best equipment but you’re paying for it in fixed monthly repayments. This makes salon startup costs much more manageable. Using equipment financing to purchase new barber chairs, chairs for reception, hairdryers, mirrors and more.

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What can I use my salon loan for?

The good news is that you can spend your salon loan on anything business related. Here are a few ways you can spend it:

  • Renovate your existing salon
  • Make cost savings by bulk-buying inventory
  • Buy an existing salon
  • Open a brand new salon
  • Pay business energy bills, wages and other business expenses
  • Hire more nail technicians or hair stylists
  • Re-brand or pay for marketing and advertising campaigns

Does my salon need a loan?

Whether you need a loan for your beauty business depends on your business growth plans. If you plan to open a chain of new salons, you might want to access capital to fund the expansion. Or if you want to maintain positive cash flow so you don’t worry about paying bills and wages on time, finance can help you with that, too.

Many business owners use personal funds to get their businesses up and running, but what happens when the money runs out, or you want to expand your business quickly? That’s where a beauty business loan comes in handy.

Accessing finance means you can invest in those marketing campaigns, revamp your website, or diversify and start selling different products and services. However you want to grow your beauty business, a business loan can help you get there faster.

Apply for a beauty parlour loan

Applying for a beauty business loan is quick and simple. Fill in our short form and tell us how much you want to borrow, how long you want to borrow for and the reason for the loan.

You'll be immediately presented with various lenders. Browse their loan offers at your leisure, there's no obligation to accept anything you're shown.

If you find a lender and a loan you like the look of, simply click through and we'll connect you to the lender directly.

Start your search for business funding
Check your eligibility for business funding

Checking won’t affect your credit score

Why choose Capalona to arrange your beauty salon loan?

We're brokers, which means our sole purpose is to help you compare some of the best business finance products on the market.

We’ve helped thousands of small business owners access the funding they need to grow their business. And the tool we’ve created couldn’t be easier to use.

About the author

Jamie Moorcroft
Written by Jamie Moorcroft

Money Writer, Director and Co-Founder

Jamie has over ten years of experience in the consumer and business finance industry, and with a background in graphic design, Jamie heads up the creative and design team at Capalona.

Updated: August 08, 2023
Published: June 05, 2023
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Adrian TCapalona verified review


Amazingly fast, efficient service, minimal paperwork. So much faster than my business bank of twelve years.

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Thanks to Capalona providing a great service, I was able to speedily find a solution to my cash flow issue in my business.

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