Beauty Salon Loans

Compare beauty salon business loans online and find the best rates without impact on your credit.

Enter loan amount
Our Lending Partner Network
Beauty Salon Financing

Best Business Loans for Beauty Salons

Beauty salons are always in demand – with 82,000 salons generating about $20 billion in revenue every year, there’s a lot of competition in this sector. If you’re already a salon owner, you’ll already know that running a business like this doesn’t come cheap. And if you want to own a beauty salon, a business loan can be a great way to help you get the ball rolling. Whether you own a nail salon, hairdressing salon, or barbers, there are plenty of beauty salon business loans to choose from.

Applying for beauty salon business financing is fast and easy:

Fill out a simple and fast online application in just minutes

Compare best business loan rates and choose your offer

Receive funds towards your business needs

Checking rates won't impact your credit

Compare Beauty Salon Business Loans

What is a beauty salon loan?

A beauty salon business loan is just like any other loan: it allows a business owner to grow and develop their business without having to wait until they have saved the money to pay for the things they need.

How do beauty salon loans work?

In most cases, a beauty salon loan will be like any other type of traditional loan, where you apply for a lump sum amount and the lender deposits it directly in your bank account once you are approved. You then pay the loan back (plus interest) via a monthly payment, over the agreed term. This term is usually around 5 years, but can be as little as a few months or as long as a decade or up to 25 years for real estate.

Compare beauty salon loan options

Credibility Capital

Credibility Capital

Funding: Borrow up to $500,000
Minimum Credit Score: 650
Best For: Term loans
Funding turnaround: Varies.

With Credibility Capital, borrowers with strong credit can obtain small business loans with attractive rates. A personal guarantee along with a business lien and revenue may be required to qualify. Note: This lender provides funding for all states except for North Dakota, Nevada, South Dakota, Vermont.

PNC Bank

PNC Bank

Funding: Borrow up to $100,000
Minimum Credit Score: 720
Best For: Bank business line of credit & loans
Funding turnaround: as fast as same business day

With PNC Bank, borrowers can obtain a line of credit with impressive interest rates and get funded as fast as same business day. Best for borrowers with high credit scores who can provide a personal guarantee.

SBA 7a

SBA 7(a) loan

Funding: Borrow up to $5,000,000
Minimum Credit Score: 650
Best For: SBA loans
Funding turnaround: Varies.

The SBA 7(a) program features lenders such as Wells Fargo in their network and provides capped interest rates and long repayment term flexibility. Term loans and lines of credit access available. Typically, collateral will be required with a personal guarantee. Funding times vary and may be longer than most other lenders.



Funding: Borrow $5,000 - $250,000
Minimum Credit Score: 600
Loan term: 6-12 months
Funding turnaround: 24-48 hours

With BlueVine, borrowers can get approval as fast as 24 hours and obtain a business line of credit for short term capital needs while only paying interest on the funds you borrow.

What are the benefits of using a beauty salon loan?

  • It allows for new location expansion or acquisition: if your business is growing, you might want to move to a larger salon or even open up a second branch
  • It facilitates hiring and paying more stylists and employees: the more people you have helping you, the better you can focus on growing your business
  • Marketing is far more effective with a decent budget: you could own the most amazing beauty salon in the country, but it’s no use unless people know about it!
  • You can purchase new equipment to replace old equipment or offer a new service
  • Renovate your current salon
  • Expand to offer mobile beauty salon services

What can be financed using a beauty salon loan?

  • Fresh furnishing and salon chairs: nothing is more off-putting than a salon with old, peeling leather chairs
  • Equipment and new POS software
  • Hood dryers and coloring stations
  • Shampoo, conditioner and other styling products
  • New mirrors, perhaps with lights for added glamor
  • Retail inventory like branded shampoos and conditioners
  • Perm rods
  • Nail supplies
  • Refurbishment and ad hoc building repair

What are the different types of beauty salon loans?

  • Term loans: this is the traditional type of loan where you borrow a lump sum over a term of months or years. You can get term loans from online lenders, which offer the easiest way to borrow, or if you have a strong trading history and aren’t in a rush for your funds, you can look into bank loans and SBA loans, both of which come with low interest rates (from 2% to 12% on average).
  • Equipment Financing: if you’re investing in larger pieces of equipment, you may qualify for equipment financing. This is like a term loan but the loan is secured on the equipment you buy, which makes them easier to get with lower interest rates. If you default on your payments, however, the lender will seize the equipment to recoup their losses.
  • Business Credit Card: If you’re looking for a fast and flexible way to borrow, a business credit card is a great option for purchasing salon supplies. While interest rates are generally high, they are a good option if you’re looking to smooth cash flow on a short term basis.
  • Business Line of Credit: This is like a credit card, only it’s like a bank account you have access to, rather than a card with a credit account attached. The lender gives you a credit limit and then you can use credit as and when you please, only paying interest on the money you’ve actually borrowed.
  • Merchant Cash Advance: If you take mostly card payments, you may be able to get a loan through your transaction processor. Since they know exactly how much money you’re making, they’ll often offer you a loan without looking at your credit score. You pay this loan back with a percentage of every transaction you process, which can make them particularly fast to repay.Some merchant cash advances offer a fixed fee instead of adding interest, so make sure you’re aware of what you’ll be charged and how much it’s likely to cost you if they do charge interest.

Quick links

Business Loans

Ready to apply for beauty salon business financing? Get started today.

Need help finding the right loan?

No worries, we've got you covered! Compare personalized loan options in just minutes without impact on your credit score.

What are the pros and cons of beauty salon business loans?


  • You’ll have the money you need right away without having to save and potentially lose out on business in the meantime
  • It’ll help you build credit
  • Help you keep a healthy amount of working capital
  • You can take advantage of time-limited opportunities
  • You can ensure your business keeps up with the latest trends and fashion


  • Many business loans are difficult to qualify for
  • Interest costs and late fees can set you back significantly if you’re not careful
  • Loans are difficult to get if you’ve been in business for less than 2 years
  • You may be required to make a personal guarantee

How much does financing a beauty salon cost?

How much you’ll pay for financing depends on your interest rate. Make sure you calculate exactly how much interest you’ll pay over the term of the loan, especially if you’re paying for equipment that may depreciate in value.

Also make sure you look into any fees associated with getting your loan. Many loans are fee-free, but some will charge you early repayment fees, establishment fees, and more.

Beauty salon loan calculator

How much do you need to borrow?


Total Payment


Total Interest


Monthly Payment


Ready to get funded?

Compare personalized business loan rates from top lenders with no impact on your credit, ever.

Find Your Personalized Rate

How can I qualify for a beauty salon loan?

Here are three major things you’ll need to do to qualify for a business loan for your salon:

Ensure you have a credit score over 600, and if you don’t, build your credit score as an individual and a business owner before you apply for a large loan. Personal credit scores demonstrate a borrower’s ability manage debt, so it will be one of the biggest deciding factors for many forms of financing.

Have proof of revenue for the past 1-2 years. Most lenders require a current minimum annual revenue of $50,000 - $100,000.

Have all your documents ready. Here are some of the financial and legal documents you may need for a small-business loan:

  • Personal and business income tax returns
  • Personal and business bank statements
  • Your driver’s license or a photo of some other valid ID
  • Commercial leases
  • Business licenses and articles of incorporation
  • Proof of business experience or, if you’ve got a limited operating history, financial projections

Make sure you read a lender’s requirements carefully before you apply, as while many lenders offering the same type of loan have the same requirements, some do differ.

How can I apply for a beauty salon loan?

Once you’ve decided that a beauty salon loan is right for you, it’s time to start comparing loans. Once you’ve compared loans and found a lender whose terms will work for you, you can start applying. You will usually need to provide your bank statements, tax return details, and business plan, so have these to hand before you begin the process. Lenders will look at your business credit score and some lenders will also review your personal credit report.

You can improve your chances of qualifying straight away by preparing a sound business plan. You should be able to show your lender exactly how you plan to use the loan and how you plan to pay it back. If you’re not sure how to prepare a business plan to apply for financing, there are professional business plan writers you can work with who will help you put your best foot forward.

Apply for a beauty salon loan online

As with any loan or other financial decision, you need to assess your options carefully. It’s important to consider all elements of taking out a salon loan before you make any decisions. Don’t jump into any situation until you’re sure you’ll be able to make regular repayments and don’t take out a loan to get yourself out of further debt.

When you’re ready to apply, compare the best beauty salon loans here and find the one that works best for your circumstances. When you’ve chosen the right loan for you, all you need to do is apply. You’ll soon have the funding you need to grow your beauty salon.

Compare Business Loan Offers

How Pasha Funding Works

How it Works
Apply in minutes

Get pre-qualified in minutes and compare offers from top lenders.

Choose your offer

Compare and choose an offer that works best for you based on your timeline and budget needs.

Get funded

After your loan is approved with the lender of your choice, receive your funds.

Popular Business Funding Options

Get Fast Funding For Your Business

Compare business loans from top lenders without negative impact on your credit score.

Business Loans By Credit

Business Loans for Fair Credit
Business Loans for Good Credit
Business Loans for Excellent Credit

*Disclaimer: does not function as a lender. The offers provided on this website are provided solely by third parties, who compensate for their inclusion. We would like to emphasize that will not contact you regarding any loan application resulting from the aforementioned offers, and we will never request financial information or any sensitive personal data via phone, email, or any other means.

REMEMBER, it is essential to exercise caution and never share any financial information or sensitive personal data over the phone or via email without independently verifying the identity of the company initiating the communication first!