Need a new device for the salon? As an entrepreneur, getting the necessary devices are vital to the success of your company operations. Customers have a certain degree of expectations when choosing a beauty salon, so ensuring you have the necessary equipment is important.
Even if you're dealing with tight budgets and have little cash flow, you may still find options for you to finance the salon equipment. There is going to be times when you will have to replace, upgrade or purchase equipment. But with the right salon equipment financing option, you maintain your income and enhance your customer experience.
What is Equipment Financing?
Equipment financing is a kind of financing used to provide business with capital to buy equipment.
Types of Salon Equipment Financing
Beauty salon equipment financing is a superb alternative to buying. Beauty salon equipment financing can come in several forms including, including a capital advance, term loan, business line of credit, or SBA Loan.
Each have their own benefits and drawbacks but each one is alternative loan types. What they will have the ability to in common are that approvals aren't according to credit rating but instead on overall business performance. If you have a discharged bankruptcy you can always be capable of getting funding not less than one type.
Alternative lenders, such as Small company Funding, look beyond a bad credit score and much more toward your daily income, your industry, your experience, and just how you run your company.
The purpose of this type of beauty salon equipment financing ultimately would be to allow you to keep your capital free and so as to not affect your money flow. If approved for just one of those options, you can use the funding to purchase your equipment.
However, there is a funding option open to specifically assist business proprietor who need new equipment.
Equipment Financing Option
That is our equipment financing option. With this you can finance as much as 100% from the equipment purchase. In order to keep your rate low, the brand new equipment is going to be used as collateral.
The equipment financing choice is ideal without having the cash or collateral on hand, have to purchase equipment quickly or don't have perfect credit.
The minimum requirements to be considered are:
Minimum Time in Business: 6 Months
Minimum FICO Score: 600
Financing Details:
Maximum Funding Amount: $1,000,000
Term: Paid monthly, with 1 to five year terms
Time To Funding: within 1 week
How Small company Funding Might help Get You Salon Equipment Financing
Small Business Funding will help you secure capital to buy any type of salon equipment which will help your money flow thus keeping the capital internally as to not affect your day to day operations.
One application along with a couple of months of your newest business bank statements is that you need in order for Small company Funding to help you get a funding decision in under 24 hours. With this our underwriter might have enough information to provide you with an offer.
With Small company Funding you've multiple choices to fund your salon equipment. If approved you can receive funding directly through us a treadmill of our funding partners. By choosing us, this will allow you to focus on your company while we provide all the research.
To find out if you qualify for salon equipment financing you can complete our online application or call 800-742-2995
