Nail Salons / Day Spas

Your Salon, Your Livelihood

The human nail is a canvas to you. Your clients need you for advice and inspiration; the right color, the perfect style for an event. Clients can come and relax while they feel pampered by your services. Your nail salon or day spa is like a retreat, a place where people can come to unwind and feel and look their best. But you are also an entrepreneur and running a salon/spa requires hard work, determination, and a passion for what you do. This economy has hurt your business, though, and you need a way to bounce back and get to business as usual. There is a way.

Tougher Times

Perhaps your clients are extending the time between visits, some might have stopped coming in at all. As deep as the desire is to feel and look good, some people have altered their lifestyles to adapt to the fears they face in this new economy. So, now 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, the bills still have to be paid. But spending some cash could bring in new customers and increase foot traffic. You might need to bring your salon back in vogue with a store makeover, you can add new services, adjust your pricing for bundled services, and advertise in multiple types of media what changes you've made. This all sounds good to you, but you're leery about the method of obtaining financing. For decades small business owners have sought out traditional loans to get cash with no love for the process. The better answer for your nail salon or day spa is an innovative service called a Merchant Cash Advance.

Loans, Not Ideal

Since the shift in the economy banks have tightened their restrictions across the board, and loan officers don't just 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. You will have to make a set monthly payment no matter how business is going, and you don't want to send the check off late or you will get a late fee. Even if a 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 you the best way to finance improvements for your nail salon or day spa. The application process is simpler because the restrictions aren't as tight as a loan's. When your application is approved you can receive your funds in just a few days. You are free to use the cash however you want to for your business. 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 salon or spa 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 nail salon or day spa.