Business Loans for Beauty Salons: Funding Options Available

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Are Business Loans and How Do They Work?
Using a Loan to Open a Beauty Salon: Pros and Cons
Pros
Cons
Finding Beauty Salon Financing
Understanding Your Business
How Much Do You Need?
Necessary Documentation
Tax returns Financial statements (such as profit and loss statements and bank account statements for business and business owners) Corporation or LLC paperwork Business plan or proposal for how you plan to use the loan Owner’s photo ID
Applying to Business Loans for Your Beauty Salon
Loan Options for Beauty Salons
SBA Loans
SBA Microloans
Term Loans
0% APR Credit Card
Business Line of Credit
Equipment Financing
The Takeaway
Frequently Asked Questions
About the Author
Susan Guillory is the president of Egg Marketing, a content marketing firm based in San Diego. She’s written several business books, and has been published on sites including Forbes, AllBusiness, and Cision. She enjoys writing about business and personal credit, financial strategies, loans, and credit cards. Follow her on Twitter @eggmarketing.
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