Quick answer: Salons, barbershops, nail salons and spas most often use a term loan for remodels and new locations, equipment financing for chairs, stations and treatment equipment, and a line of credit for retail product inventory and slow months. Established salons with steady card deposits can often be funded the same day by a non-bank lender.
Why salons and spas need financing
Clients expect a modern, comfortable space, and remodels, new stations and treatment equipment are expensive. Revenue can dip after the holidays or in summer, while rent, payroll and product orders continue.
Common uses for salon and spa financing
- Salon or spa remodels and build-outs
- Styling chairs, stations and shampoo bowls
- Spa treatment rooms and equipment
- Retail product inventory
- Opening a second location
- Booking software and marketing
Financing options for salons and spas compared
| Option | Best for | Speed |
|---|---|---|
| Term loan | Remodels, new locations | Same day to 2 days |
| Equipment financing | Chairs, stations, treatment equipment | A few days |
| Line of credit | Product inventory and slow months | 1–3 days |
| SBA loan | Buying a salon or building | Several weeks |
What lenders look at for salons and spas
Lenders look at your monthly card and cash deposits, booking consistency, rent and existing debt, and time in business.
What you need to qualify with Brookestone Funding
- 2+ years in business
- $30,000+ in monthly revenue
- 600+ credit score
- Recent business bank statements
Qualified salons and spas can borrow $10,000 to $2,000,000 with terms up to 36 months and rates starting at 8%. Complete applications submitted early in the day can be funded the same day.
Tips before you apply
- Get contractor and equipment quotes before applying.
- Have bank statements showing steady card deposits.
- Estimate how many extra clients new chairs or rooms can serve.
- Compare offers on the total amount you’ll repay, not just the rate, and size the payment to your slowest month.
Related Guides
- Gym and Fitness Studio Loans: Financing for Equipment, Build-Outs and Growth
- Manufacturing Business Loans: Financing for Equipment, Materials and Large Orders
- Wholesale Distributor Loans: Financing for Inventory and Large Purchase Orders
- Same-Day Business Loans: How They Work and How to Get Funded Today
- Can You Get a Business Loan With a 600 Credit Score? Yes — Here’s How
- Business Loan Documents Checklist: What You Need to Apply
Frequently Asked Questions
Can a salon or spa get a business loan with a 600 credit score?
Yes. Brookestone Funding works with salons and spas that have a 600+ credit score, 2+ years in business and $30,000+ in monthly revenue.
How fast can a salon or spa get funded?
Qualified salons and spas can often be funded the same day with a business term loan, or within 1–3 days with a line of credit, once the application and recent bank statements are complete.
Can a hair salon get a business loan?
Yes. Salons with 2+ years in business, $30,000+ in monthly revenue and a 600+ credit score can qualify with Brookestone Funding.
What is the best loan for a spa renovation?
A term loan is usually simplest for a full renovation, since it covers construction, furnishings and equipment in one loan.
Ready to see what your salon or spa qualifies for? Brookestone Funding offers business term loans, lines of credit and SBA loans from $10,000 to $2,000,000, with same-day funding available for qualified businesses. Apply in minutes, see our business loan options, or call 212-258-0602.
