Beauty salon owners have a new funding option to turn to, a Merchant Cash Advance. The SBA's stimulus incentives for banks to lend expired on May 31, 2010. Since then, bank lending is down significantly. If you are a hair salon owner, you may be wondering what funding options are available to you.

A Merchant Cash Advance is a financial product that is designed to repay by allocating a portion of your credit card sales back to the funding provider. The process to obtain funds can be as quick as 7 days. The credit requirements are very flexible and there is little documentation required.

Banks argue that beauty salons are at greater risk for default because their services are paid for with disposable income, which Americans have less of these days. This simply isn't in the case. Those in the Merchant Cash Advance business have witnessed growth in this industry over the last 3 years.

Consumers still require the services of Beauty Salons, Hair Salons, and Nail Salons. These businesses can be considered the backbone of the service industry because of their ability to sustain in good times and bad. Merchant Cash Advance Providers and salons have partnered together to capitalize on growth. Salons are currently using funds received for:

  • Inventory (beauty products, hair products, nail products)
  • Advertising (yellow page ads, google campaigns, new signs, commercials)
  • New Equipment
  • Hiring New Employees
  • Cash flow
Beauty salon owners, if you could have $10,000, $20,000 or $50,000 available in 1 week, what would you do with it? A Merchant Cash Advance provider wants to make your business dreams a reality.
free templates