250k loan for beauty salon
When successful small business owners have been in business for a few short years, banks still look at them as high risk. Usually this is because according to outdated and sometimes biased internal lending rules have precluded certain types of businesses and business owners from being approved for small business loans.
The fact of the matter is some small businesses such as beauty salons, will never meet the strict criteria traditional banks adhere to when approving loans. luckily online lenders have stepped up to the plate and recognized that many non traditional small businesses are in fact not a risk for fast small business business loans.
To qualify for a loan any business just needs to meet these minimum qualifications:
- 1+ year in business
- $100k in revenue last year
- Credit Score of 500+
These are relatively minimal requirements that most small businesses meet.
If you have a small business that is profitable, and continues to grow month over month, chances are you will be approved.
Apply Today
to find out how much you can borrow. The estimate is free, will not effect your credit score, and you are under no obligation to accept the loan offer. Sometimes just knowing how much you can borrow is enough piece of mind to move forward with expansion plans, hiring new staff, or building the business.
Beauty salons have proven to be a recession-proof industry across United States. Even though during recessions, consumers tend to be more price conscious, spending continues to go increase since people need a haircut no matter what. Beauty salons are booming with the industry generating over $56 billion dollars annually just in the United States.
This growth is being driven in part by a generally increasing awareness of the importance of skin care among American woman, but also specifically due to an increase in the market for men. There is a growing trend in boutique salons popping up and using online marketing to get customers and compete with the big chains.
Grow and Invest in Your Business.
Fund upcoming business ventures and company purchases that move your business forward.
You could:
- Capitalize and profit from a limited time bulk inventory deal.
- Invest in your online website and social marketing.
- Finally open a new location you've been planning for years.
- Hire extra sales staff to boost growth.
- Renovate your waiting room to impress your clients.
All applications are securely submitted direct to your loan consultant. You can expect a call you within an hour.
Our fast loans for small business range from $5k-$250k. You will be approved as long as your business meets our minimum loan requirements. Apply today and you will be approved for $5k-$250k. Find out for free what you could borrow, Apply today, cash tomorrow.