Yes, a hairstylist can get an SBA loan to help with salon financing. However, this type of loan is better suited for existing salon owners due to its strict eligibility requirements and funding timeline. To receive an SBA loan, you’ll likely need a credit score of around 680. While minimum time in business, annual revenue and cash flow may also come into play, there are other deciding factors, such as meeting the SBA’s small business size standards that vary in each industry. Some SBA loans also require a down payment and collateral to qualify for funding.