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Why Salons and Spas Should Look at Small Business Loans

Salons and spas often have a lot of growth potential, but not enough free capital to realize that promise. A small business loan can give you the freedom to expand at your own pace, and Fundera wants to help make that happen.

Spa and salon owners take care of a wide range of health and beauty needs, helping people mold themselves into who they want to be. But growing the business often means adding new services, and that requires capital — for equipment, training, and even new hires.

Who helps such spas and salons reach their potential? When they need a small business loan, the answer isn’t big banks, which have been turning their backs on small business owners. During the past few years, alternative lenders have started stepping in to provide capital where banks have not.

Getting a small business loan or a merchant cash advance from an alternative lender can help when a salon or spa wants to accomplish one (or many) goals. These can include:

  • Opening a new location or remodeling a current space
  • Upgrading equipment like sinks, massage beds, chairs, and computers
  • Marketing the business online and in print
  • Investing in new employees or training programs

These aren’t the only reasons to consider a loan, either. One final, but major, possibility is that a loan can help keep your cash flow moving during slow seasons, whether during Spring or Fall, between the holidays or during the wedding season.

If you are in need of a small business loan, Fundera can help you connect today to an alternative lender that wants to fund your business. You submit a single, simple application and get offers from many lenders in a matter of days.

Image: Dennis Wong/Flickr

Meredith Wood

Meredith Wood

Editor-in-Chief at Fundera
Meredith is Editor-in-Chief at Fundera. Specializing in financial advice for small business owners, Meredith is a current and past contributor to Yahoo!, Amex OPEN Forum, Fox Business, SCORE, AllBusiness and more.
Meredith Wood