Opening a hair salon of your own can be daunting, and finding financing for new hair salon can be even harder. Research, creativity, and hard work can get you where you need to be. Sometimes it means thinking outside the box, sometimes it means finding the right lender, and always it means arming yourself with knowledge of the available options.
In the early days of a startup, cash can be hard to come by. If you are working on financing a new hair salon, social couponing can be a useful tool. Sites such as Groupon and LivingSocial will allow you to sell discounted coupons for services, raising immediate cash. These are a great way to bring in customers to try your new business, creating the opportunity to hook them with your excellent customer service.
Presale Other Services
If you are going to offer services such as tanning or massage, presale those services in an effort to raise cash and attract customers. Gift certificates are a great way to do this. Advertise around the holidays especially, but gift certificates make great birthday gifts and thank you gifts all year long. Selling these at a discount when purchased in conjunction with styling services can also be a huge draw.
Even hair salons can be eligible for government loans. Businesses run by women, minorities, or veterans and those located in rural areas can all be eligible. Also, if you are in business during a state of emergency and lose business due to the emergency, you may be able to receive government loans to help you get back on your feet.
All of these options are great, but small business loans are likely going to be needed at some point in conjunction with them. When that time comes, Biz2Credit has a solid network of lenders offering various types of financing, including government guaranteed loans. We can help you find the right lender with the right options for you. Visit Biz2Credit.com or call (800) 200-5678 today to get started.