Lendus.

Hair & Beauty Salon Business Loans

Fund your salon purchase, fit-out, or expansion with the right finance. Explore business funding through Fundably. Eligibility criteria apply.

50+ UK lenders through Fundably
3+ months trading
UK limited companies only
Monthly revenue required

Typical Range

£5k – £300k

Average Loan

£45k

for hair & beauty salon

Decision Speed

24–48 hrs

for unsecured loans

Eligibility requirements

Compare hair & beauty salon business loan rates through Fundably

For UK limited companies with 3+ months’ trading and monthly revenue.

Check Eligibility

Loan types available

Unsecured Business Loan

Rate
7.9% – 29.9% APR
Term
1 – 5 years
Security
No security required
Best for
Salon fit-outs, new styling stations, stock purchases, and marketing

Secured Business Loan

Rate
5.5% – 15.9% APR
Term
1 – 15 years
Security
Salon premises or residential property
Best for
Purchasing a salon freehold, major renovations, or acquiring a competitor

Merchant Cash Advance

Rate
Factor rate 1.12 – 1.40
Term
3 – 12 months
Security
Repaid as a percentage of card takings
Best for
Salons with high card payment volumes needing quick, flexible funding

Representative example

Borrow £45,000 over 36 months at 9.9% APR (fixed). Monthly repayment: ~£1,450. Rates depend on your circumstances and the type of loan.

Market context

The UK hair and beauty industry is worth approximately £8.9 billion annually, with over 46,000 hair salons and 20,000 beauty salons across the country. The sector employs around 290,000 people.

Common challenges

Explore business funding options through Fundably

For UK limited companies with 3+ months’ trading and monthly revenue.

Check Eligibility

Bad credit?

Some specialist lenders consider hair & beauty salon businesses with imperfect credit. You may need a personal guarantee or higher rate, but options may be available. Fundably may use a soft credit check for matching, which does not affect your credit score. A hard check may happen if you choose to proceed with a lender.

Frequently asked questions

How much does it cost to open a salon and what finance is available?
Opening a new salon in the UK typically costs between £15,000 and £100,000 depending on location, size, and fit-out quality. Key costs include lease deposit and legal fees (£3,000-£10,000), shop fit-out (£10,000-£60,000), equipment and furniture (£5,000-£20,000), and initial stock (£2,000-£5,000). Unsecured business loans can cover most of these costs, while start-up loans of up to £25,000 are available from the British Business Bank for new businesses.
Can I get a loan to take over an existing salon?
Yes, salon acquisitions are a common use of business finance. The purchase price typically includes goodwill based on the client list, turnover, and reputation. Lenders will assess the salon's financial performance, your experience, and the terms of the lease. For leasehold salons, you will also need landlord consent for the assignment. Lendus can compare options from high-street banks and specialist lenders for salon acquisitions.
What is the best finance for salon equipment like chairs and wash stations?
For individual equipment purchases, asset finance or hire purchase is often the most cost-effective option. Styling chairs typically cost £300-£1,500 each, backwash units £500-£2,000, and full salon furniture packages £5,000-£20,000. These can be financed over 2-5 years with the equipment as security. For a complete salon fit-out including equipment, a single unsecured business loan is usually simpler to manage.
Can I borrow to expand my salon services (e.g., adding beauty treatments)?
Absolutely. Many salons diversify by adding beauty treatments, aesthetics, nail bars, or barbering. A loan of £5,000-£30,000 can cover treatment rooms, specialist equipment (laser machines, microdermabrasion, etc.), training courses, and initial product stock. Lenders view diversification positively as it increases your revenue streams and reduces reliance on a single service. You will need appropriate qualifications and insurance for any new treatments offered.

Equipment finance for hair & beauty salon businesses

Buying a specific machine or vehicle is usually cheaper than a general business loan, because the asset itself is the security. These are the items hair & beauty salon businesses most often fund, with the price range we see quoted in the UK.

Equipment Typical price range Finance page
Salon Equipment £2k to £80k Salon Equipment finance
Shop Fit Out £15k to £300k Shop Fit Out finance
Barber Chair £600 to £20k Barber Chair finance
Beauty Couch £500 to £15k Beauty Couch finance
Body Shop Equipment £10k to £200k Body Shop Equipment finance
Car Wash Equipment £15k to £250k Car Wash Equipment finance
Climbing Wall £10k to £200k Climbing Wall finance
Commercial Dryer £2k to £50k Commercial Dryer finance
Commercial Gym Equipment £5k to £300k Commercial Gym Equipment finance
Commercial Washing Machine £2k to £60k Commercial Washing Machine finance
Desk Fleet £2k to £80k Desk Fleet finance
Diagnostic Equipment £2k to £30k Diagnostic Equipment finance

Browse all equipment finance pages

Understand the loan structures

The table above shows what a hair & beauty salon business borrows for. These pages explain how each kind of borrowing actually works, what it costs and who it suits.

Business loans for bad credit Government-backed business loans Merchant cash advance Revolving credit facilities Business loans with no personal guarantee Secured business loans Start up business loans Unsecured business loans

Related industry loans

Dental Practice Healthcare Retail Gym & Fitness Nursery & Childcare

Guides and resources

How to Get a Business Loan Business Loan Eligibility Secured vs Unsecured Best Business Loans UK iwoca Review Funding Circle Review

Ready to find the best hair & beauty salon loan?

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For UK limited companies with at least 3 months’ trading and monthly revenue.

Business finance matched to your needs

Ltd companies · 3+ months trading · monthly revenue

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