Lendus.

Hair & Beauty Salon Business Loans

Fund your salon purchase, fit-out, or expansion with the right finance. Lendus compares 200+ lenders to find competitive rates for hair and beauty professionals.

200+ UK lenders
2-minute application
No credit check to apply
FCA-regulated brokers

Typical Range

£5k – £300k

Average Loan

£45k

for hair & beauty salon

Decision Speed

24–48 hrs

for unsecured loans

Eligibility requirements

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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

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Bad credit?

Several of our 200+ lenders work with hair & beauty salon businesses that have imperfect credit. You may need a personal guarantee or higher rate, but options exist. Our eligibility check uses a soft search — no impact on your credit score.

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.

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