Beauty Salons Roll On Despite Recession

According to the National Accrediting Commission of Cosmetology Arts and Sciences, the beauty salon and cosmetology industry employs about 1.7 million people. Unlike many other sectors, this personal service category has continued to grow, creating nearly 200,000 new jobs in 2006 in the nation’s more than 370,000 beauty salons and spas. Despite this relative economic health, finding beauty salon financing continues to be a challenge because lenders have almost virtually eliminated small business financing in response to the recession.

If you own a beauty salon or are in need of beauty salon financing, Rapid Capital Funding can provide as much as $250,000 in cash almost instantly with our merchant cash advance. If your business generates at least $2,500 in credit and debit receipts, you’re likely qualified for a merchant cash advance.

With a merchant cash advance from Rapid Capital Funding, your business gets the cash it needs up front with no restrictions on how the funding is used. Your business generates its own financing by selling a portion of its future credit and debit card sales for cash up front, in a process known as factoring. The nice thing about Rapid Capital Funding’s merchant cash advance is that it eliminates minimum monthly payments. That’s right – your business doesn’t need to make a minimum monthly payment on the merchant cash advance.

Each credit or debit card transaction you process helps to repay your advance. In this way, your business gets the cash flow it needs from daily sales, and also gets capital for things like improvements, expansion, hiring, repairs and other business activities. Contact Rapid Capital Funding today and find out more about how your business can generate its own beauty salon financing.
Photo Credit: Steven DePolo, via Flickr

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