Beauty Salons

Your Salon, Your Livelihood

You are an artist and an entrepreneur. Your clients look to you for advice and inspiration for their appearance, your employees look up to you for your leadership and the example you set, they also depend on you for their continued professional success, and you get to release your artistic passion on your chosen canvas – your clients. Running a beauty salon requires hard work, determination, and a passion for the profession. Sometimes outside factors can alter this perfect balance and when that happens you need a place to quickly turn for support.

Tougher Times

This economy hasn't left your business unmarred. Clients are extending the lapse between visits so instead of patronizing your salon every six weeks like clockwork as in the past, they wait ten weeks or more. Perhaps a stylist left your employ and pirated some of your valued clients. Whatever the reason, the cash isn't flowing like it was just a few years ago; and even though you know business is going to pick up again, expenses still have to be paid out. Maybe your salon isn't in vogue as much as it once was and a makeover will certainly boost foot traffic. Or there is the constant stock of product and hair color that must be maintained. Perhaps a hair dryer or sink needs maintenance or replacing. There is a solution to your financial dilemma and it doesn't come from a loan. A Merchant Cash Advance is the answer.

Loans, Not Ideal

You need funds for those repairs, advertising, stocking product, or that salon face lift. You know that a loan isn't the ideal solution, especially in this economy. Banks have tightened their restrictions across the board, and the loan officers not only look at your business when considering credit, but your personal credit as well. You certainly will need to pledge collateral, but a bank probably won't accept anything in your salon for this purpose because it can't be easily sold off. Banks can restrict how the loan is to be spent, often times wanting a detailed written explanation of what the money will be used on. And if the loan is approved, it can take up to several months for you to be able to use the financing. This is why a Merchant Cash Advance is such an advantage to you. It overcomes all of a loan's deficits.

The Better Solution

A Merchant Cash Advance offers business owners a unique opportunity to finance their ventures. The application process is simpler because the restrictions aren't as strict as with a loan. When your application is approved you can receive your cash in as little as a few days. You are free to use the cash however you need to so you can improve your salon. And perhaps most beneficial to you is that a Merchant Cash Advance isn't paid back the same way as a loan where you have to make the same payment every month. With an advance your repayment is directly linked with how well your business is doing. A small percentage of only debit and credit card transactions is automatically transferred to paying off the advance. No other form of payment is necessary and many business owners pay off their Merchant Cash Advance in less than a year! Because the repayment is based on a set percentage, the pace of your business determines how much is paid. Once your advance is paid off, that's it.

Contact Fastpoint Financial Now

Let Fastpoint Financial be your path to financial success. Fastpoint Financial can handle your Merchant Cash Advance and their simplified application process and friendly staff will have you wondering why you ever considered a bank loan. Start your application today and get ready to receive all the working capital you need to run your salon.