Beauty Salon Loans

  • 18%

    Rate as low as

  • 2-24 months


  • $5K-$1M


  • 48 hours

    Time to Fund

For beauty salon owners, having financial support is essential for their business’s growth and success. Whether you’re looking to expand your cosmetics services, renovate your space, or invest in new equipment, having access to reliable funding can make all the difference.

That’s where 1West comes in! As your reliable lending broker, we’re here to offer friendly and flexible beauty salon loans tailored to your needs, so you can focus on making your salon shine.

What Are Beauty Salon Loans?

Loans for beauty salons provide financial support to parlor owners so they can grow their businesses. These loans can help cover expenses like purchasing new machinery, renovating the salon space, or even hiring additional staff.

Through financing options, such as cosmetics equipment loans, beauty salon owners can invest in their businesses and take them to new heights. So, if you’re a parlor owner with big dreams, consider getting the best loans for beauty salons to succeed in the beauty salon industry.

The Best Loan Options for Beauty Salon Businesses

1West offers different beauty loans for every business need. Whether you want to open a new parlor, hire more stylists, or purchase cosmetic equipment, we’ve got you covered.

Unsecured Working Capital

Unsecured working capital loans offer quick cash without requiring collateral. They can help salon owners cover day-to-day expenses like payroll and inventory, ensuring smooth operations and growth.

Interest Rate18%
Term Length2 to 24 months
Loan Amount$5,000 to $1,000,000
Processing Time48 hours


  • Quick access to funds for immediate needs like payroll and inventory.
  • No collateral is required, reducing risk for salon owners.
  • Flexibility in how funds are used, allowing for adaptability in business operations.


  • Like a traditional bank loan, these typically come with higher interest rates compared to secured loans.
  • Limited loan amounts may not cover larger expenses.
  • Shorter repayment terms may result in higher monthly payments.

Real Estate Financing

Real estate financing enables salon owners to purchase or lease commercial property. Owning their salon space can provide stability and long-term savings, while leasing offers flexibility to adapt to changing needs.

Interest Rate6%
Term Length6 to 60 months
Loan Amount$100,000 to $20,000,000
Processing Time2 to 3 weeks


  • Ownership or long-term leasing of salon space provides stability.
  • Potential for property appreciation can be a valuable asset.
  • Tax benefits such as deductions for mortgage interest may be available.


  • Large upfront costs for down payments and closing fees.
  • Property market fluctuations can affect value and investment returns.
  • Commitment to a specific location may limit flexibility for future expansion or relocation.

SBA Loans

Backed by the Small Business Administration, these loans offer low interest rates and favorable terms. SBA loans are ideal for salon owners looking to start or expand their businesses, providing access to capital that might otherwise be difficult to obtain.

Interest Rate5.75%
Term Length10 to 25 years
Loan Amount$30,000 to $5,000,000
Processing Timeone month


  • Low interest rates compared to other financing options.
  • Longer repayment terms provide manageable monthly payments.
  • Government backing reduces risk for lenders, making loans more accessible to salon owners.


  • An SBA loan requires extensive paperwork, and documentation requirements can be time-consuming.
  • Strict eligibility criteria may limit availability to certain businesses.
  • Longer approval process compared to other small business loan types may delay funding.

Accounts Receivable Financing

Accounts receivable financing allows salon owners to borrow money against their outstanding invoices. This can help improve cash flow and bridge gaps between payments, ensuring stability and growth.

Interest Rate5%
Term Lengthnone
Loan Amount$10,000 to $10,000,000
Processing TimeTwo weeks


  • Improves cash flow by providing immediate access to funds tied up in outstanding invoices.
  • Helps manage fluctuating income and expenses.
  • Does not require additional collateral beyond the receivables themselves.


  • Fees and interest rates may be higher than traditional small business loans.
  • Reliance on customer payments for repayment can be risky if clients delay or default.
  • Limited availability to businesses with consistent invoicing and creditworthy customers.

Lines of Credit

A business line of credit offers salon owners access to funds whenever they need them. Like business credit cards, they’re flexible and can be used for various purposes, from purchasing inventory to covering unexpected expenses, providing a safety net for salon businesses.

Interest Rate6%
Term Length3 to 24 months
Loan Amount$5,000 to $500,000
Processing Time48 hours


  • Flexibility to borrow funds as needed, providing a safety net for emergencies or opportunities.
  • Revolving credit can lead to overspending if not managed carefully.
  • Credit limits and terms may change based on business performance and lender discretion.


  • Interest rates may be higher compared to traditional term loans.
  • Revolving credit can lead to overspending if not managed carefully.
  • Credit limits and terms may change based on business performance and lender discretion.

Equipment Financing

Equipment financing helps beauty salon owners purchase inventory or lease cosmetics equipment essential for their operations. By spreading the cost over time, a cosmetics machinery loan allows salons to invest in high-quality equipment without draining their cash reserves.

Interest Rate7%
Term Length5 to 60 months
Loan Amount$10,000 to $5,000,000
Processing Timeone week


  • A cosmetics equipment loan allows an existing salon to acquire necessary equipment without a large upfront investment.
  • Spread-out loan payments help manage cash flow.
  • Upgrading equipment can enhance salon efficiency and attract more customers.


  • Interest rates and fees for cosmetics machinery loans may increase the overall equipment cost.
  • Equipment loans don’t guarantee ownership, and cosmetics equipment leasing arrangements may have restrictions.
  • Older equipment may become outdated before the end of the financing term.

Why Choose 1West

If you’re looking for the perfect beauty salon loan provider, choose 1West. Here are five compelling reasons to pick us for your salon financing needs:

Tailored Solutions

At 1West, we understand that every parlor is unique. That’s why we offer personalized beauty salon loan solutions tailored to your specific needs and goals. Whether you’re looking to expand your services, renovate your space, or upgrade your equipment through cosmetics equipment financing, we’ve got you covered.

Competitive Rates

We believe in providing affordable financing options that won’t break your bank account. With competitive interest rates and flexible repayment terms, our beauty salon loans are designed to help you grow your business without putting a strain on your budget.

Quick Approval Process

Time is of the essence when it comes to salon renovations or equipment upgrades. That’s why we’ve streamlined our application and approval process to get you the funds you need fast. Say goodbye to long wait times and hello to quick access to capital.

Expert Support

Our team of financing experts is here to guide you every step of the way. From helping you choose the right business loan product to providing ongoing support throughout the repayment process, we’re committed to your success.

Trusted Reputation

With years of experience in the industry, 1West has earned a reputation as a trusted and reliable loan provider for beauty salons. We also offer full transparency in all our transactions, and our services don’t come with any hidden fees or unpleasant surprises.

How to Apply for a Beauty Salon Loan at 1West

Create an account: Our fully automated small business loan application takes less than 15 minutes to complete. Although we may ask you to submit a document or two, we make it easier for you to upload those documents securely.

Choose a loan: The next step is to choose the loan that best fits your needs. Compare loan offers from our network of 50+ lenders.

Given the number of loan options available for beauty salons, we understand that choosing can be tricky. So, we’ll also give you access to our product wizard to help you decide on the most suitable type of loan for you.

Apply for a loan: Our application process is fast, simple, and fully automated. As soon as you provide your basic information, we’ll review your business performance immediately and get back to you in no time.

5 Ways You Can Use Beauty Salon Loans

1West offers loans for every business need. Whether you want to open a new location, hire additional cosmetologists, or purchase equipment, we’ve got you covered. Here are some of the ways you can use the funds from a salon business loan:

Upgrade Equipment

Invest in state-of-the-art salon equipment through cosmetic equipment loans to enhance your services and attract more clients. Whether it’s high-tech hair dryers, ergonomic styling chairs, or advanced skincare machinery, upgrading your equipment can elevate the client experience and boost your salon’s reputation.

Renovate Your Space

Give your beauty salon business a fresh new look with a renovation project. From modernizing your interior design to creating a more welcoming atmosphere, updating your salon’s aesthetics can significantly impact both your clients and staff.

Expand Your Services

With a beauty salon loan, such as a cosmetic equipment loan, you can expand your service offerings to meet the growing demands of your clients. Consider adding new treatments like lash extensions, nail art, or spa services to attract a wider clientele and increase revenue.

Marketing and Promotion

Invest in marketing and promotion efforts to increase awareness of your salon and attract new customers. From digital advertising campaigns to social media promotions, allocating funds toward marketing initiatives can help you reach your target audience and grow your business.

Professional Development

Invest in training and development opportunities for yourself and your staff to stay ahead of industry trends and techniques. From attending workshops and seminars to enrolling in certification programs, professional development can enhance your team’s skills and expertise, ultimately benefiting your salon’s success.

Get the Best Loans for Beauty Salons at 1West

Ready to take your salon to the next level? Call 1West today to get the best beauty salon loans! With personalized solutions, competitive rates, and quick approval processes, we’re here to support your salon’s growth every step of the way.

Contact us today, and let’s make your salon dreams a reality together!

Call us anytime (888) 881-WEST

Monday – Friday | 9am – 6pm

FAQS ( Frequently Asked Questions)

What is the Minimum Credit Score Required to Get a Beauty Salon Loan?

When exploring cosmetics equipment finance options and other types of beauty salon loans, you’ll likely need a credit score of around 550 to 680. This is because beauty salon loans can be considered personal or business loans, which is why lenders only accept credit scores that fall within these numbers.

However, there are cases when it is possible to get a beauty salon loan with a lower credit score. Bear in mind that these may come with higher interest rates. Additionally, if you have an existing business plan and credit history, you may be able to convince a lender to give you a loan even if your business credit scores are below the range recommended above.

How to Apply for a Beauty Salon Loan?

Applying for beauty salon loans is pretty much the same as applying for any other type of personal or business loan. And while there are variations depending on the lender, the steps you need to take are pretty much the same:

  1. Gather all of the required documentation. These include financial statements, credit history, tax returns, and other information about your salon. Lenders will use this information to assess the risks associated with the loan.
  2. Shop around for lenders that offer great loan terms. There are many lenders who offer small business loans for beauty salons. Some of them come with hidden legal and accounting fees, so it is important to compare rates and terms before choosing one. It is also helpful to speak with other salons to see if they have any recommendations.
  3. Submit your application to your chosen online lender. They will likely ask for additional information, such as a business plan or personal guarantee. But once the application is approved, the funds will be disbursed, and you can begin using them to grow your salon business.

How Much Does it Cost to Finance a Beauty Salon?

This will depend on several factors. First is the size of the loan needed. Beauty salon loans can range from small personal loans to larger business loans. The type of loan you choose will affect the interest rate and terms of the loan.

Second is the type of beauty salon business you want to finance. A start-up beauty salon will likely have financing needs different from those of an established salon.

Third is your business and personal credit score. A good credit score will give you access to better loan terms and rates.