According to complex.com, the men’s grooming industry is emerging, bringing in over $21 billion annually.
For this reason, barber shops are booming with new ones opening constantly. This extremely healthy industry means that barber shop owners can see a lot of success. Yet, this industry also presents business owners with a number of challenges.
Any owner knows that they need capital to both survive and thrive. Rent, equipment, utilities, etc. can add up quickly for any barber shop. Luckily, Small Business Funding is here to help you grow your business.
While there are many funding options for your barber shop, it can still be a difficult process. Many borrowers go right to banks or credit unions. Although they are good options, they can be more complicated.
For example, banks and credit unions have a lot of requirements for a business to receive a loan. Most require a minimum of 3 years in business and a FICO score of at least 750. In addition, it can take a lot longer to receive financing.
With Small Business Funding it is easier than ever to get the financing that you need for your barber shop. Bad credit, bankruptcies, and tax liens are okay (as long as there is a payment plan in place).
The documentation we require is significantly less than that of banks and credit unions. You will also be provided with a decision within 24 hours.
Partnering with us to find you the fast barber shop financing you need allows you to concentrate on your business while we do all the leg work in finding the most money at the best rates and terms.
Barber shop financing from an alternative lender can help you make payroll, cover equipment expenses, or market your barber shop.
Small Business Funding can get you the capital you need to grow your barber shop. We offer multiple funding options and work with you to determine the solution that best fits your business needs.
Apply for a small business loan today to see how much barber shop financing you’re approved for.
There is absolutely no obligation.