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Smarter Loans › Salon and Spa Business Loans

Salon and Spa Business Loans

Finance salons & spas in Canada. Up to $500,000
Rates from 7% APR
Get Funding for your Salon or Spa in 48 hours
Apply Now
business loans
2M+
Canadians Served Since 2016
24-48hrs
Average Funding Time
90%+
Application Approval Rate
50+
Lending Partners

Why Choose Smarter Loans?

Our technology connects directly with lenders to submit your application where you're most likely to be approved - protecting your credit score and saving you time.

Faster Approvals

Apply where you're most likely to be approved. Our system analyses your profile against real lender criteria to find the best fit.

Protect Your Credit Score

One soft credit check instead of multiple hard inquiries. We match you with lenders before they pull your full credit report.

Done-For-You Applications

Our technology is integrated directly with lenders. We handle the paperwork and submit your application to the right places.

Built for Real Canadians

We work with lenders who support a wide range of credit profiles, helping borrowers with past challenges access realistic financing options.

How It Works

Get funded in three simple steps

1

Complete Your Application

Apply once through a secure online form in under 5 minutes. We'll ask about you, your funding needs, and basic financial information.

2

Get Approved

Our platform assesses your application against real lender criteria and routes it directly to the lender where approval is most likely.

3

Receive Your Funds

Once approved, funds are deposited directly into your bank account - often within 24-48 hours.


Apply Now – It Takes 5 Minutes

Get Business Funding for your Salon or Spa

The salon and spa industry operates on tight margins, seasonal fluctuations, and constant reinvestment – from staffing and training to new chairs, esthetics machines, and product inventory. Whether you operate a hair salon, barbershop, nail studio, aesthetic clinic, med spa, lash lounge, day spa, or massage therapy studio, access to fast and flexible financing can determine how quickly your business can grow, upgrade equipment, manage slow months, or compete in your local market.

Smarter Loans helps salon and spa operators get approved for business loans across Canada and secure funding for renovations, equipment purchases, working capital, product inventory, marketing campaigns, and everything in between. Apply via Smarter Loans to access real time offers for Salon and Spa business funding.

Eligibility Requirements

  • Must be in business for at least 6 months
  • Monthly Revenue of $10,000 or more
  • Must Provide Recent Bank Statements (3 months)

Don't meet all criteria? Apply anyway – we can help find other options that could be available for you.

Funding Solutions Available

One application gives you access to multiple financing options

Term Loans

Best for expansions or large renovations

Business Lines of Credit

Ideal for seasonal expenses and emergencies

Merchant Cash Advance

Flexible repayment based on card sales

Short Term Business Loans

Cover payroll or unexpected costs

Frequently Asked Questions

Can a salon finance skincare or hair product inventory?
Yes, inventory financing is commonly used to stock retail shelves or prepare for busy seasons.
What can salon financing be used for?
Salon and spa operators across Canada use financing for: • Laser/IPL devices • Esthetics equipment • Renovation and rebranding projects • Adding staff or apprentices • Launching new service categories (injectables, microblading, hair extensions,
Why do salons and spas commonly need business financing?
Salons and spas experience cash flow challenges that are unique to their industry. Some of the most common reasons owners apply for funding include: Upgrading equipment, renovating or refreshing the salon interior, purchasing products and retail inventory, expanding to a second location, hiring additional stylists, estheticians, or technicians, investing in digital marketing, covering rent increases, utility costs, and rising staff wages.
How much can a salon or spa borrow in Canada?
Most lenders offer salon and spa business loans ranging from $5,000 to $500,000 depending on: monthly revenue, time in business, equipment value, whether the loan is secured or unsecured, historic performance and repeat client volume, credit score of the owner If you're not sure which amount makes sense for your business, you can estimate projected payments using the business loan calculator available in the Smarter Loans tools library.
What types of salon and spa business loans are available?
Salon operators can choose from a variety of financing options depending on their goals and cash flow needs. These include: term business loans, equipment financing, working capital loans, merchant cash advances, business lines of credit, franchise and multi-location financing.
Can a med spa finance injectables or medical esthetic equipment?
Yes. Many lenders provide specialized financing for med spa equipment and treatment room upgrades.
How long are repayment terms for salon business loans?
Terms typically range from 6 to 36 months depending on loan size and lender type.
Are online lenders safe for salon financing?
Online lenders listed on Smarter Loans are vetted and trusted across Canada.
Can a salon qualify even if rent is high?
Yes. High commercial rents are common in urban markets-lenders evaluate total revenue, not rent alone.
What is the best type of loan for a salon or spa?
Most owners choose an installment-style business loan or equipment financing, depending on whether the funding is for upgrades, expansion, or cash flow.
How can salon financing help increase client volume?
Funding allows salons to upgrade their space, hire additional stylists, run digital ad campaigns, or add high-margin services like facials, injectables, or laser treatments.
Can new salons or recently opened spas qualify for business loans?
Some lenders accept businesses with as little as 3–6 months in operation, especially if revenue is steady or the owner has strong personal credit.
Can I get financing for salon or spa renovations?
Yes. Renovation loans are common for salons refreshing their interior to stay competitive or rebranding after ownership changes.
What credit score do I need for a salon or spa business loan?
Many lenders approve applications starting around the mid-500s, while premium rates are available to businesses with stronger credit profiles.
Can independent stylists or booth renters qualify for financing?
Self-employed stylists and estheticians can qualify through revenue-based lenders, especially when they show consistent deposit activity.
How fast can a salon or spa get funded?
Many online lenders serving salons and spas deposit funds within 24–48 hours after approval.
Can a spa finance laser machines, esthetic devices, or med spa equipment?
Yes. Equipment financing is one of the most common loan types in the beauty and aesthetics industry.
Do lenders look at online reviews or social media presence?
Some lenders consider business stability indicators such as online bookings, retention rates, and repeat clients - especially in service industries.
Does seasonality affect loan approval for salons and spas?
Seasonality does not prevent approval. Many lenders are familiar with slow winter periods or post-holiday dips and underwrite accordingly.

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