Offering effective working capital options for the Beauty Industry
Keeping a beauty salon or spa up and coming requires a delicate understanding of your industry. Because new competitors are popping up at such a high-frequency, you need to be ready to take on any financial challenge that may spring up. Navigating the local market in this way means that your finances need to allow you a certain degree of flexibility; flexibility that the traditional bank loan process simply does not afford.
With Platform Funding, you’ll have access to consultations, a fast application process, and customizable repayment terms that will fit perfectly with your particular growth schedule. Also, since the high turnover in the industry makes maintaining brand authority especially important, our working capital options are a great way to expand your marketing efforts.
Are you seeking other financial services for your Beauty or Salon business? Or maybe you’re not sure what financial solution is the best fit for your business. We’ve got you covered. Platform Funding offers solutions for all the financial services you need.
Are you looking for more funding options? Check out all our Beauty or Salon financial services!
Business loans have a fixed interest rate and term and are typically longer in duration.
A line of credit on the other hand is a revolving loan that provides a set amount of capital that can be accessed when needed.
Revenue advances allow you to sell a % of your future receivables at a small discount. We then collect our fixed % back over a non-fixed period of time until the purchase amount is received.
Equipment Leasing is a solution to purchasing pricey items for your business. Equipment lease financing essentially refers to funds borrowed from a lender that can be used as payment for an equipment lease.
Beauty Business FAQs
Answer: Yes, Platform Funding provides working capital loans to beauty salons and spas. We have minimal eligibility requirements and a straightforward application process. Contact us today and we’ll help you get started.
Answer: You can use the beauty salon loan to renovate or move to a larger space, hire new stylists or nail technicians, purchase new supplies or equipment, or even increase your marketing efforts. If you have specific needs in mind, feel free to contact us and a business funding specialist will help you determine exactly what your borrowing needs are and how we can help.
Answer: You definitely can! Use your loan funds to upgrade your salon or massage tables, purchase new shampoo bowls or invest in high-tech treatment equipment. Contact a Platform Funding representative today!
Answer: Eligibility requirements include having been in the beauty and wellness business for more than 6 months, providing us with 3 recent bank statements, and having a monthly revenue of at least $12,500. One of our business funding specialists can help determine whether you’re eligible for a loan.
Answer: Follow the next 3 steps to apply for a beauty business loan:
1) Apply securely online,
2) Select a funding plan designed specifically for your beauty business needs,
3) Receive your funds. It is that easy! Start your business loan application today.
Answer: A business funding specialist will put together a tailored repayment plan that fits your growth schedule. Contact us to learn more about beauty industry loans.
Answer: A small business loan can give you quick access to the funds you need, without depleting your cash reserves. Hire the best talent and upgrade your equipment so that you can give your salon customers the best experience possible.
Let’s start getting you funded. Use the link below or call (866) 473-1455.
Our process is simple, fast, and secure.