Business Loans and Financing for Salons and Spas in London, Ontario

London is a city in the southern western region of Ontario and is a hub for many salons and spas. As the town has over 383 000 citizens, it’s a pretty ideal location for new salons and spas to try and making a living off of. We would advise newcomers in this industry to handle their finances well in the beginning stages of their operations. Depending on how vast your resources may be, this could be a challenge. So what many new salon and spa owners do is acquire some sort of salon and spa financing to offset the amount resources needed. Smarter Loans has helped tons of salon and spa owners in London connect with our roster of salon and spa loan providers. They have enabled tons of salon and spa owners to expand their operations through their loans. For example, many salon and spa owners often pursue equipment upgrades, hire new employees, renovate their working space or simply save the resources in the case of emergencies later on.

At Smarter Loans, we operate as a loan directory that is dedicated to helping salons and spas acquire loans for their business. We know it’s tough to juggle applying for loans while running your salon and spa so to alleviate that, we exclusively host our application process online. Now in minutes at home or at your office, you can submit an application form online. To maximize your chances of being approved, it’s best to apply when your salon and spa is at least 6 months and makes over $5000 a month in revenue.

To find out which providers we work with, check out the list below. Hit the “Apply Now” button next to the provider you want to work with when you are prepared to start an application form. Sometimes it might be challenging to choose a provider so instead, you can pre-apply at Smarter Loans. A staff member of ours will be happy to assist you in finding a salon and spa loan provider in London that suits your needs.

Company
Amount
Interest Rate
Reviews
Terms
$5,000 - $250,000
Varies
3 - 18 months
$5,000 - $150,000
8% - 18%
6 - 24 Months
$5,000 - $100,000
Starting at 6.87%
3 - 18 Months
$5,000 - $250,000
Starting at 14%
6 - 24 Months
$10,000 - $300,000
Starting at 6.99%
4 - 18 Months
$5,000 – $500,000
Starting at 5.9%
3 – 60 Months
$1,000 - $35,000
5.6% - 25.5%
36 - 60 Months
Company
Amount
Interest Rate
Reviews
Terms
$500 - $10,000
23% - 59.7%
6 - 24 Months
$2,000 - $10,000
Varies
12 - 60 Months
$500 - $10,000
19.99% - 46.99%
12 - 36 Months
$500 - $10,000
12.99% - 39.99%
9 - 36 Months
$500 - $35,000
5.9% - 39.9%
12 - 60 Months
$2,000 - $10,000
43%
12 - 60 Months
$500 - $10,000
46.93%
Open Line of Credit
$1,000 - $35,000
5.6% - 25.5%
36 - 60 Months
Company
Amount
Interest Rate
Reviews
Terms
$100 - $1,500
Varies
Up to 2 months
$100 - $1,500
Varies by Province
Up to 62 days
Company
Amount
Interest Rate
Reviews
Terms
$5,000 and up
9.9% – 31%
24 – 84 months
$5,000 - $40,000
Starting at 2.9%
12 - 72 Months
Company
Amount
Interest Rate
Reviews
Terms
$50,000 - Unlimited
Varies
Varies
$50,000 - Unlimited
Varies
Varies
$50,000 - Unlimited
Varies
Varies
$10,000 - $25,000
Varies
12 - 60 months
$50,000 - $100M
Varies
Varies
Company
Amount
Interest Rate
Reviews
Terms
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$50,000 - Unlimited
Varies
Varies
Company
Amount
Interest Rate
Reviews
Terms
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$50,000 - Unlimited
Varies
Varies
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$5,000 And Up
4.9% - 24.99%
18 - 84 Months
Company
Amount
Interest Rate
Reviews
Terms
$50,000 - Unlimited
Varies
Varies
$350 - $25,000
Varies
12 - 60 months
$50,000 - Unlimited
Varies
Varies
$50,000 - $100M
Varies
Varies
Company
Amount
Interest Rate
Reviews
Terms
$500 - $10,000
12.99% - 39.99%
9 - 36 Months
Company
Amount
Interest Rate
Reviews
Terms
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