Businesses like hair salons have three forms of financing to choose from if they need an additional cash injection for their hair salon. Debt financing can be obtained from banks and alternative lenders in the form of loans, while equity financing involves selling stocks or equity.
While plenty of small business loans is available for salon business owners, the top three beauty and hair salon financing options business owners usually opt for are: SBA loans for real estate purchases or business acquisitions; a business line of credit in case the business needs quick access to cash; and equipment loans for essential equipment needs.