5 Smart Funding Options for Small Salon Owners in 2025

Running a salon in today's world takes more than scissors and skill — it takes smart capital. Whether you're upgrading chairs, restocking supplies, or opening a second location, funding plays a critical role in growth. At LendGrove, we help small salons like yours find the right financing — fast and without hassle. Here are five solid funding options to consider in 2025:

SBA Microloans

The U.S. Small Business Administration (SBA) offers microloans up to $50,000 — perfect for salon upgrades or emergency repairs. These loans typically have low interest rates and long repayment terms.

✅ Best for: Equipment upgrades, staff training

💡 Tip: Prepare a solid business plan and personal credit history

Business Line of Credit

A line of credit works like a flexible financial cushion — borrow what you need, when you need it. Ideal for seasonal slowdowns or restocking products.

✅ Best for: Managing cash flow, unexpected expenses

💡 Tip: Only pay interest on what you use

Salon Equipment Financing

Need new chairs, dryers, or shampoo stations? Equipment financing lets you spread the cost over time while your gear starts generating revenue.

✅ Best for: Salon renovations or expanding capacity

💡 Tip: The equipment often serves as the collateral

Merchant Cash Advance (MCA)

If you have strong daily card sales, you can get cash fast — and repay it through a percentage of future sales. It's quick, but fees can be higher.

✅ Best for: Short-term needs with fast turnaround

💡 Tip: Read the fine print — some MCAs come with high effective APRs

LendGrove's Smart Loan Matching

With LendGrove, salon owners fill out one simple form and get matched to pre-vetted lenders who understand beauty businesses. No cold calls, no pressure — just curated capital offers.

✅ Best for: Time-strapped salon owners who want the best rate without chasing banks

💡 Tip: Include your monthly revenue to get better matches