This article from Canyonmoor Lending Group in Montrose, Colorado matches small salons, nail studios and barbers to funding types: equipment financing for chairs and stations, term loans for a remodel or a purchase, working capital and lines for wages and product, and how booth-rental income reads to a partner. It works an invented four-station refit and a remodel.
The Direct Answer on a Salon Business Loan
Match the loan to what it buys. Chairs, stations, dryers, shampoo bowls and pedicure spas are equipment, financed with the items as security. A remodel at lease renewal or buying a retiring owner's salon is a project with a price, which suits a term loan. Wages, product orders and rent through a slow stretch suit working capital or a line. A merchant cash advance is offered to card-taking salons too; it is not a loan, and its total belongs beside the other options.
Beauty Salons, Nail Salons and Barber Shops in the Montrose County, CO Census Counts
County Business Patterns counted 9 beauty salons and 4 nail salons with paid employees in Montrose County, CO in 2023 (County Business Patterns 2023). Nonemployer Statistics, a separate program, counted 109 beauty salons, 9 nail salons and 15 barber shops without paid employees for 2024 (Nonemployer Statistics 2024). The two programs count different businesses in different years and are never added together here.
Many stylists without paid employees rent a booth or a suite, so the salon owner's income comes partly from rent and partly from services, and a partner reads both.
Hair Salon Equipment Financing for a Four-Station Refit
Illustration only, invented figures: 4 hydraulic chairs at $1,650, 4 stations at $1,900 and 2 shampoo bowls at $1,150 come to $16,500 (our sum). Spread over 36 months at an invented 12% a year, that works out to about $548 monthly (our arithmetic). The furniture secures the loan.
Ask whether delivery, plumbing for the bowls and installation are included. The equipment page has a salon section and compares leases with loans.
Business Loans for a Salon and Spa Remodel at Lease Renewal
Illustration only, invented figures: a $38,000 remodel of flooring, lighting and a pedicure area, financed over 60 months at an invented annual rate of 11%, costs about $826 a month (our arithmetic). A partner reads the lease: a remodel financed over five years makes sense with at least that long left on the lease, or a renewal signed.
Plumbing and ventilation changes can need permits; the permits and zoning guide lists the questions to ask first.
Booth Rent and Service Income: How a Partner Reads a Salon
Illustration only, invented figures: 3 booth renters at $175 a week bring in about $2,275 a month (our arithmetic). That rent is steadier than service income, and a partner can count it, but only if the rental agreements are written and the rent is deposited to the business account. Service income shows in card deposits, and product sales add a third stream.
- Written booth or suite rental agreements.
- Card processor statements and business bank statements.
- Product purchase invoices and retail sales.
- The lease on the space.
How to Get a Loan as a Barber Opening a Second Chair or Shop
A barber adding chairs or opening a second shop asks for the same things in a smaller size: chairs and clippers on equipment financing, a build-out on a term loan, and the first weeks of rent and wages on working capital. A barber with a short history but steady deposits can still find secured equipment financing, because the chairs secure it.
Avoid stacking short-term offers to bridge a slow month. A barber taking a cash advance to cover the collections of an earlier one has a cash problem an advance cannot fix; price a line or a term loan first.
Product Stock and Retail Shelves in a Small Salon
Color, care products and retail lines sit on the shelf before they are used or sold. A salon that buys product in larger orders to get a better price ties up cash for weeks. That stock is not equipment, so it does not secure an equipment loan; a line of credit or a small working capital loan carries it, and a partner reads the product invoices beside retail sales. Keep the product order separate from the furniture request so each is priced on its own terms.
Suite Rentals and Build-Outs for Stylists Going Out on Their Own
A stylist leaving a booth for a private suite or a small studio of their own needs a chair, a station, a bowl and the first months of rent. Without a payroll or a long history, the stylist's own credit and deposit record carry the request, and secured equipment financing is the funding type most open to a short history because the furniture secures it.
Choosing Among the Options: A Salon Owner's Checklist
- List what the money buys: furniture, a remodel, a purchase, or weeks of costs.
- Get quotes for equipment and bids for the remodel.
- Gather card statements, bank statements and booth agreements.
- Test the new payment against the weakest month of the last year.
- Phone (970) 238-5206 or send the web form with the total and the split.
By Canyonmoor Lending Group · Updated
