Instant Loans Beauty Salon Chicago

The salon industry is a hge $62 Billion a year industry with more than 1.2 million establishments in the U.S. The salon and spa industry has held up the best during the recession and has beat the private sector year after year. Chicago salons are no exception. Chicago has over 230,000 small businesses and is a thriving mecca for entrepreneurship. However, many salon owners in Chicago are feeling the pinch due to inflation and supply-chain issues. We launched a new program called Instant Loans Beauty Salon Chicago. Read more for details.

Who We Are and Why Instant Loans Beauty Salon Chicago

We have helped over a thousand small businesses since 2015 get fast working capital when the banks wouldn’t lend. We now have loan products ranging from $500 all the way up to $2 million dollars. Our newest loan is specifically meant to help fund the self-employed and gig workers instantly.

There’s over 4,579 listings for salons in Chicago. We not only help salons get instant working capital – we can help barbers, tattoo parlors, nail salons, and spas. The only main requirement is generating at least $3,000 a month business revenue. I’ll cover the requirements in more detail below.

Why Use a Instant Loans Beauty Salon Chicago

Instant salon loans can be used for anything business-related, whether it be to fix equipment, buy a new product line, hire more employees, or expand. You can also use the funds for advertising, which can help your bottom-line and profitability.

The best part of our instant self-employed loans is you can have access to immediate funds around the clock, since the application process is fully automated. So, if you need a few hundred on a saturday night, there’s no problem. We offer this advance 24/7/365.

Instant Loans Beauty Salon Chicago Requirements

In the past, 80% of businesses got declined for funding because they didn’t have a business checking account. We addressed that problem and now offer this service even if you only have a personal checking account. As long as you are making four business deposits into your checking each month then you can qualify.

Here’s the full requirements: You need to be generating at least $3,000 a month in business revenue. This income cannot be from transferring money from one bank to another, or income from a job. It strictly has to be pure business revenue.

You also need to be in business for at least three months. We also look at the consistency of your business revenue and if you have any negative bank days. If your revenue is steady but when you apply your account is zero or negative then you probably won’t get approved.

Instant Salon Business Loan Rates and Repayment

Our beauty salon loans in Chicago are 8 to 10 week terms. If you take out additional funding and your payment history is good you can get up to 16 weeks to pay back the advance. We use factor rates instead of interest rates and they are 1.20 to 1.60. There’s no hidden fees either. The repayment is automated as well and will come out of your checking account weekly through ACH.

How to Apply for Instant Loans Beauty Salon Chicago

The application is super fast – from application to funding can be as little as 8 minutes. You can get up to 25% of your monthly revenue, and our advances go up to $5,000. So, if you are doing $10,000 a month with your salon, you can probably get up to $2,500 if you qualify. Simply click the link below to apply. If you pre-qualify, you can see the amount you can get. It’s your choice is you accept the offer or not – it won’t effect your credit score. Good luck and God bless! Thanks for reading. I wish you all the success to come to you.



Erik C. Johnson

business loan broker