Being a hair salon or barbershop owner means finding creative ways to maintain a constant stream of working capital to run the business smoothly. Keeping loyal and new clients alike looking their best can be a challenge when funding shortages present themselves at a moment’s notice. Having access to fast working capital can keep your business ahead of the competition.
Here are a few ways to make alternative funding work for you:
New Hires: Hire new hairstylists, barbers, nail technicians, shampoo assistants, makeup artists.
Purchase New Equipment and Tools: Upgrade or purchase hydraulic styling chairs, barber chairs, wax warmers, mirrors, dryer chairs, floor mats, and styling tools.
New Marketing Campaigns: Acquire new customers by upgrading the business website, stay on top of social media streams, purchase email marketing tools, and expand your demographic with direct marketing advertisements.
Replenish Inventory: Replace styling products, scissors, towels, combs, shampoos, conditioners, barbicide, hair color, shaving cream, magazines, and style books.
Train Existing Employees: Send existing and new staff to hairstyling and barber training seminars, and/or new product conventions.
Our funding solutions do not require collateral and offer flexible repayment terms. When traditional banks make the lending process time consuming and difficult; turn to our funding programs for a reliable source of fast working capital.
To learn more visit our funding products page here or Apply Now.
DISCLAIMER
The information and insights in this blog post are provided for educational purposes only and do not constitute financial advice from Merchant Funding Solutions Inc. Please consult your financial advisor before making any business financing decision. For information about Merchant Funding Solutions products and services, please visit the Merchant Funding Solutions FAQ page.
