Beauty Salon Funding
The beauty salon industry is expected to grow by 16.9% in 2022. Offer the best salon experience and help grow and maintain a successful beauty salon with up to $500,0000 in funding from NextGen Capital in as fast as 24 hours.
Fast Beauty Salon Funding You Can Trust:
With the rise of self-care culture and the influence of social media beauty trends, demand for salon services is growing rapidly. The beauty and wellness industry has expanded significantly, reaching an estimated $49 billion in value.
However, traditional lenders like banks often classify beauty salons as a “high-risk” industry due to high customer turnover and lower profit margins. This can result in delayed approvals, preventing salons from seizing key growth opportunities.
As an alternative lender, NextGen Capital offers faster and more accessible funding than traditional banks. Our beauty salon funding options provide:
- Quick approvals—funds can be deposited in as little as one business day
- Flexible funding amounts—from $3,000 to $500,000
- No restrictions on how you use your funds
We fund all types of beauty businesses, including:
- Hair salons
- Makeup studios
- Day spas
- Barbershops
- Nail salons and more
With NextGen Capital, you can access the funding you need to enhance your salon, attract more clients, and grow your brand—without the long wait times of traditional lenders.
Beauty Salon Funding Solutions
Our friendly, expert funding advisors will work with you to determine which funding option will help you achieve your goals without compromising your business’s cash flow.
Merchant Cash Advance
You get working capital when you need it. We’ll receive a percentage of your daily or weekly credit card sales until the advance is repaid.
Invoice Factoring
Sell us your pending invoices in exchange for the net amount in cash. You’ll receive the balance of the invoices’ value when we receive payment (minus our fee).
Collateral Loan
A secured loan that uses commercial real estate to reduce risk. Because the loan is secured, you may be approved for larger loan amounts with lower rates and fees.
Business Line of Credit
Borrow as much or as little as you need without the obligation of a fixed term loan. Draw and repay as you go, and only ever pay interest on the amount you've borrowed.
How to Use Beauty Salon Funding:
There are no restrictions on how you can use your NextGen Capital funding. Alternative beauty salon funding is designed to support your salon’s revenue, drive growth, and enhance your commitment to your customers.
Here are some ways to invest your funding:
Expand & Upgrade Your Salon:
- Renovate or expand your salon space to accommodate growing demand
- Purchase new equipment or fixtures to modernize your services
- Open a new location or expand into other beauty services
Enhance Your Operations & Marketing:
- Develop an online booking system for client convenience
- Build an online presence with email marketing, social media ads, and online promotions
- Obtain proper business insurance and beauty licenses
Maintain Cash Flow & Handle Unexpected Costs:
- Cover seasonal fluctuations or slow periods
- Manage payroll and operating expenses
- Replace damaged equipment and handle supply shortages
Will You Qualify for Beauty Salon Funding?
Exact qualification requirements depend on the type of beauty salon funding you are seeking. Approval for beauty salon funding from NextGen Capital isn’t based solely on your credit score or financial history. We focus on the overall health of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
How Beauty Salon Funding Works:
Beauty Salon Funding Q&A:
Boosting your salon’s marketing and online presence is a great way to utilize your funding. You can invest in:
Promotional materials (flyers, brochures, business cards)
Website development to enhance online bookings
Advertising & social media marketing to attract more clients
You can obtain funding from traditional lenders like banks or the SBA, but approval can be slow and uncertain. Alternative lenders like NextGen Capital offer faster funding with more flexible approval requirements.
Faster approvals—funds can be deposited in as little as 24 hours
Flexible requirements—we assess your business’s overall health, not just your credit score
Revenue-based financing options, such as merchant cash advances, for salons with lower credit scores
There are no restrictions on how your funds can be used. We have a very simple application process, with same-day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
