Beauty & Wellness Business Loans

Build your business with our beauty salon and wellness spa business loans

 
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Terms & Conditions

General Acceptance

Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.

 

US Patriot Act:

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan. What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number. We will also ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

 

For Loan/Merchant Services:

The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to National Funding, Inc. (“NF”) including credit card processor statements are true, accurate and complete, (2) Applicant will immediately notify NF of any change in such information or financial condition, (3) Applicant authorizes NF to disclose all information and documents that NF may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.(8) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (9) this request is for business and not for consumer purposes.

 

For Equipment Services:

I hereby certify: (1) the information provided is true and correct, (2) you are hereby authorized to investigate all bank, credit, and trade references, and said references are hereby authorized to release any requested information to you or your nominee, (3) such authorization shall extend to obtaining personal credit profile in considering this application and subsequently for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account, (4) this information may be transmitted by us to you and by you to underwriter(s) for the purpose of granting me credit, either electronically or manually, and that by submitting this application, I take full responsibility for transmission thereof, (5) I am over 18 years of age, (6) I acknowledge my rights under the Fair Credit Reporting Act, (7) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (8) this request is for business and not for consumer purposes.

 

Text Messaging:

By providing my wireless phone number to National Funding, Inc., I agree and acknowledge that National Funding, Inc. may send text and multimedia messages to my wireless phone number for any purpose. I agree that these text or multimedia messages may be regarding the products and/or services that I have previously purchased and products and/or services that National Funding, Inc. may market to me. I acknowledge that this consent may be removed at my request but that until such consent is revoked, I may receive text or multimedia messages from National Funding, Inc to my wireless phone number.

  
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status or age (provided the applicant has the capacity to enter into the binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. If for any reason your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please write to National Funding Inc., 9820 Towne Centre Drive, San Diego, California 92121. Funding amount and credit approval is subject to a full credit profile review.

Types of Beauty and Wellness Business Loans

Small Business Loans

Small Business Loans

Secure operating capital
for daily expenses, materials,
payroll and more.

$5,000 to $500,000

Learn More

Equipment Financing and Leasing

Equipment Financing
and Leasing

Purchase or lease equipment
for your beauty and wellness business.

Up to $150,000

Learn More

How Beauty and Wellness Business Loans Can Help You

Owning a hair salon or spa requires a passion for beauty and wellness. As a salon professional, you want to give your customers the best beauty experience possible. That means offering great products and services like top-of-the-line hair care products and hiring an exceptional staff of beauticians. You may wonder how you will be able to afford the costs that go into offering a top of the line experience. Hair salon financing is one easy way to get the working capital your salon or spa needs. A business loan for hair salon owners helps you pay for monthly expenses while also investing in the growth of your beauty and wellness business.

Purchase Salon or Spa Inventory

  • Allow customers to purchase your favorite hair products, beauty treatments or skin care products
  • Offer a new line of products for your customers, such as a new brand of makeup or hair treatments

Pay Monthly Bills

  • Keep the lights on and the water running each month with cash to pay your monthly utilities
  • Make sure your salon or spa is protected with business insurance and the proper beauty licenses

Hire the Best Wellness Employees

  • Keep your customers looking and feeling great by hiring expert estheticians for spa treatments
  • Hire the best hair stylists with hair salon financing to help with payroll

Finance Beauty Equipment

  • Upgrade your salon equipment with new salon stations or shampoo bowls
  • Keep clients relaxed as they enjoy spa treatments with upgraded massage tables or high-tech treatment equipment

How to Apply

How do spa business loans work? Applying for a beauty and wellness business loan has never been easier.

How to Apply

How to Apply

“The National Funding team is very understanding and accommodating, while being supportiveof business needs.”
– Lifelong Wellness, LLC

Why National Funding?

Getting the funding you need to run your beauty salon or wellness spa successfully can be confusing and difficult. Many traditional lenders only offer beauty business loans after a lengthy application process and several weeks of waiting for approval. If you’ve got invoices or employees to pay now, it’s just not possible to wait. That’s why choosing an alternative lender with experience financing health and wellness companies might be your best option. At National Funding, we offer business loans for spa and salon owners with a quick and easy application and approval process. Let one of our loan specialists get to know you and your business needs to customize a business loan for hair salon companies to your unique goals.

We Know Beauty and Wellness Businesses

Experience supporting beauty and wellness business owners

Trusted by Businesses Like Yours

Over $2 billion in funding to more than 40,000 businesses nationwide

Personalized Experience

Lending solutions and payment options tailored to your specific needs

Fast & Easy Application Process

No-cost, no-obligation application with funding in as few as 24 hours1

Loan Specialists Who Care

Experienced Loan Specialists help you make the right decision

Worry-Free Lending

No collateral requirements, plus simple, automatic payments

Beauty & Wellness Business Resources

Salon and spa owners know that working capital is just one part of running a successful beauty industry business. You also need to have the ability to keep up with the constantly-changing beauty and wellness industry. That means your salon must be at the forefront of beauty trends to be successful. From new technology in skin care to popular hairstyles, your salon or spa must be ready to offer clients the latest treatments. With spa business loans, you can get working capital to finance your business needs as they come up. Similar to learning about beauty industry trends, spa owners should stay up to date on the ins and outs of running a successful business. Check out our blog resources below to learn more about funding the needs of your small business in the beauty industry.

Ideas for Employee Appreciation Day: How to Celebrate Your People

Ideas for Employee Appreciation Day: How to Celebrate Your People

Your employees work hard to make sure your salon or spa runs smoothly. In fact, a great beautician or customer service rep can make or break a client’s experience at your salon. Say thanks to your employees with these ideas for customer appreciation day. Happy employees who love their jobs will help boost your bottom line by providing quality service to customers.

Read More

Why Even the Smallest of Businesses Could Benefit from a CRM System

Why Even the Smallest of Businesses Could Benefit from a CRM System

CRM systems, or customer relationship management systems, allow your salon or spa to keep track of past customers and their preferences. For example, you may have a customer who used to get massages at your spa but hasn’t in several months. You can use a CRM to track the date of their late massage and send them a friendly reminder or coupon to encourage them to come in to the spa. Read this blog for more reasons why a CRM is a great idea for almost any business.

Read More

Cash Flow Loans for Small Business Owners: Prepare for the Unexpected

Cash Flow Loans for Small Business Owners: Prepare for the Unexpected

Your salon or spa needs working capital and cash flow to run successfully. Unfortunately, no one can predict the future. Sometimes things don’t go as planned. As a salon owner, you can use hair salon financing to keep your business running when the unexpected happens. Learn more about cash flow and why it’s important to your beauty industry business in our blog post.

Read More

Ratings & Reviews

We are very proud of what our customers are saying on TrustPilot.

Disclosures

Legal Disclosures

True to our mission, we encourage you to read the following policies and learn how they affect you as a client.

 

(1) 24 hours:

Fast approvals and 24 hour funding subject to receipt of required documentation, underwriting guidelines, and processing time by your bank. Funds are deposited into your business checking account as soon as the next business day after approval and acceptance of terms.

 

(2) Early payoff discounts:

National Funding offers special opportunities for its customers to terminate contracts early and receive a discount in the process.  Equipment Finance customers who pay off the total remaining balance early,  at any point during the contract, will automatically receive a 6% discount off the total remaining balance.   Working Capital customers who pay off the total remaining balance in full within the first 100 days of the contract will automatically receive a 7% discount off the total remaining balance.  We do not currently offer a discount on our lease contracts. Customers must pay off the balance in full, be current, and in good standing to take advantage of the discount within the time parameters.

 

(3) Automatic payments:

Loan payments are withdrawn via Automatic Clearing House (ACH) Monday through Friday excluding bank holidays.

 

(4) Wide variety of payment options:

  • Equipment Financing: payments are remitted monthly with terms of 2-5 years
  • Working Capital Loan: payments can be remitted daily or weekly with terms of 4 months up to 24 months

 

(5) Potential Tax Savings:

The Section 179 Tax Deduction allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Meaning, if you buy (or lease) a piece of qualifying equipment, you can deduct 100% of the purchase price from your gross income. You can secure the equipment, tools, and technology you need, while also taking advantage of significant tax deductions - up to $1,000,000. Consult your tax professional for more details.

 

(6) Guaranteed lowest payment:

Pursuant to the terms and conditions specified in these Rules and Restrictions of the Guaranteed Lowest Payment, National Funding guarantees to provide the lowest payment on equipment leased through National Funding, for lease terms from 24 to 60 months, or to pay $1000 towards qualifying executed leases. Lease payment comparisons must be based on a lease in excess of $10,000, for approved equipment, and with the same terms and conditions as those offered by National Funding within seven days that the National Funding terms are issued. To be eligible, customers must provide a competitive lease quote without contingencies, and vendor invoice, and in the name of the lessee within seven calendar days of the date National Funding issues its terms. Guarantee only valid on competitive equipment leases. Equipment finance agreements do not qualify.

In the event that the monthly lease payment amount from the competing lease company or bank is lower than the monthly payment that is being offered by National Funding for the same equipment and pursuant to the same terms, National Funding will verify the validity and accuracy of the competing leasing company’s or bank’s payment options, terms and the vendor quote. National Funding has the option, in its sole discretion, to either beat the competing leasing company’s or bank’s monthly payment rate, or pay $1000 to the lessee. The lessee must provide National Funding with the competing company’s or bank’s signed lease agreement with payment terms/options, and take delivery of the equipment. Payments will be made within 30 days, and lessee is responsible for any taxes.

The Guaranteed Lowest Payment is available to both new and established customers of National Funding. This offer is valid for new lease applications only. The Guaranteed Lowest Payment is not retroactive — a previously funded equipment lease with National Funding is not eligible for the Guaranteed Lowest Payment. Only non-contingent offers of lease terms and payment are eligible. Offers made to lessee that include subsidization by manufacturers and/or vendors will not be considered in comparing competing offers.

The Guaranteed Lowest Payment may be discontinued at any time without notice.

To participate in the Guaranteed Lowest Payment program, if you have a lease agreement and vendor quote which you believe will qualify for the program, contact your National Funding Lease Manager.

 

(7) Terms and Conditions apply:

This is not a guaranteed offer of credit. Loans subject to lender approval. Approval amount is based on eligibility determined by information obtained from Dun & Bradstreet. Actual eligibility may vary. Restrictions may apply. Application is subject to approval by the lender and is based on factors such as business type, time in business, annual sales, average bank balances, personal credit and other variables deemed relevant by the lender.