Beauty Salons and Spas
Beauty salons are becoming more sophisticated. And so are their interiors and equipment costs to service an ever-growing and diverse client base. Salons are becoming more like day spas in order to raise margins and provide a one-stop self-care experience for their clients. This means adding in new equipment such as massage tables, spa chairs, tanning booths, showers, and even hot tubs. And that doesn’t begin to cover the expensive skin care lotions and creams, or the maintenance of the equipment, towels and laundry, and scrupulous cleaning needed to keep the facilities looking pristine, beautiful, and welcoming.
As a business owner, you are aware of how crucial it is for your business to have ample cash on hand. This is especially true when owning a business in the beauty industry. Payroll must be met, supplies need to be purchased, and equipment must be maintained in good working order; all of which requires positive cash flow. Our simple funding process will allow you to get the money you need in as little as three days!
Beauty companies Upstream have worked with include:
- Beauty Salons
- Nail Salons
- Health Spas
- Online Beauty Products
The salon business is one of the most competitive retail industries in the country and obtaining beauty salon financing should not be as competitive. Many business owners who were able to secure a bank loan for beauty salons just a year ago, are unable to secure a salon bank loan. These businesses are taking advantage of alternative financing options for beauty salons, such as cash advances for salons. Although this program provides cash, it is not an unsecured business loan for salons, but a cash advance for salons which has many advantages over unsecured business loans.
Alternative financing programs for beauty salons, specifically cash advances for salons provide up-front cash in exchange for a small portion of future credit card receivables. This type of cash advance program allows salon owners to maintain a healthy cash flow to regularly stock inventory, purchase business equipment, and hire and train additional employees.
Salon Loan Alternative for Merchants
If your salon processes at least $3,000/month in credit card sales, you qualify for cash in the form of a business cash advance for salons. The total amount you repay stays fixed no matter of the duration used to pay the balance in full.
Upstream is here to help you find the exact financing solution to fit your needs. Our dedicated Business Advisors are with you at every step, making the process fast and easy. Here are just a few benefits of working with us: