The tattoo industry is a booming industry within small business. Tattoos are becoming more and more popular throughout society. Over 20% of American adults have at least one tattoo and there are more than 15,000 tattoo shops in the United States. When running a tattoo shop you will need capital to cover equipment, rent, payroll, and marketing etc. Banks, credit unions, and alternative lenders can provide tattoo shop loans to help cover these expenses.
Small Business Funding has a merchant cash advance program which is designed for businesses like tattoo parlors. Under this program, the loans repayment schedule is based solely on the daily credit card receipts. We understand the necessity for a fast cash infusion and finding someone who can facilitate the funding makes your life easier.
While there are many financing options for your tattoo 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 tattoo 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 from an alternative lender within 24 hours.
You can have payments debited directly from your business bank account if you don’t want them held back through your credit card processor. You can choose a fixed percentage of your credit card sales or fixed daily payment Monday through Friday. With the ACH Revenue Based Loan option, the acceptance of credit cards is not a requirement.
You can get the capital you need to make business run smoothly with tattoo shop financing. Tattoo shop loans from an alternative lender can help you make payroll, cover equipment expenses, or market your tattoo shop. Small Business Funding can get you the capital you need to grow your tattoo shop. Apply for a small business loan today to see how much tattoo shop financing you’re approved for. There is absolutely no obligation.