Beauty and Personal Care Business Loan 

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Beauty and personal care business has got a new face. Today, looking and feeling good has become a fundamental necessity. Despite the economic headwinds and recession, this segment of the industry continued to progress. The amount of personal care and beauty products that you use today clearly gives an idea about the scale of business that this industry entails to. Considering it on a wider scale, this industry is definitely a multi-billion dollar business. The overall beauty and personal care business in India is growing at a rapid speed. It is estimated to become a major contributor to the progress of the Indian wellness industry. This burgeon in the industry is likely to reveal a lot of opportunities for the business enthusiasts keen to start the business in said industry. The market for beauty and personal care is going to be very positive in the coming years. Therefore, considering the opportunities enwrapped in this industry FlexiLoans makes it vitally important to finance the Business Loan for Beauty and personal care business in India. Getting a business loan today has become much simpler with FlexiLoans’ digital lending platform.

But before moving to on to learn about the major essentialities of availing business loan let’s first explore the major categories of business where entrepreneurs can make a mark in this industry.

Profitable Business Ideas for Beauty and Personal Care

Beauty Salon

Beauty parlor or beauty salon is one of the most booming business ideas of the industry. These are no more a thing of urban civilizations. Today, it is not rare to find the beauty salons in towns; whether small or big. A beauty parlor may basically entail providing a comprehensive range of beauty and personal care services including facials, hair styling, haircut, spa, pedicure manicure, bridal makeup, party makeup, and much more. In retail segment beauty parlor is one of the most trending business ventures thus it encapsulates a lot of opportunities to grow.

Cosmetic Supply Store

Since today people are becoming more and more concerned about their skincare thus supplying cosmetic and skin care products can be a great business idea. A skin care regime store providing a wide assortment of products from varied brands can yield highly profitable results. Moreover, a skin care supply store can be opened easily in any part of the city by procuring the required licenses and registrations.  

Hair Salon 
Hair styling salon is one of the oldest business ventures in India. But still today hair care remains to be an essential area of concern. Most of the hair grooming services like coloring, massaging, smoothening, and straightening entices the younger crowd. It attracts a niche of audience. Additionally, the investment required in this venture is quite less as compared to opening a full-fledged salon. Therefore, starting your own hair salon business can be a lucrative business idea.

Fitness Club

Health and fitness concerns have prominently gained momentum over recent years. The demand for fitness products and services has increased considerably. There has been a drastic change in the fitness industry in rural as well as urban areas. Moreover, the Indians have already been associated with fitness since the days of local akhadas, therefore, starting the fitness business is projected to witness positive growth in the coming years.

Who Is Eligible To Apply For Beauty And Personal Care Business Loan?

  • The applicant must be 18 years and above.
  • Individuals, proprietary concerns, partnership firms, and companies can apply for such loans.
  • Applicant must have acquired the necessary qualification in line with the business.
  • Business must be making a profit for at least one year.

 Check If You Have the Necessary Documents to apply for a business loan

  • Passport size photographs
  • Relevant financial documents
  • Proof of business
  • Last month bank account statement
  • KYC documents for ID and address proof (Voter’s ID, PAN card, Aadhar, Driving License, Passport)

What Factors will  Affect The Business Loan Interest Rate?

  • Credit score
  • Monthly Revenue
  • Time in Business
  • The loan amount and repayment duration

Charges Applicable On Business Loan

Apart from interest rates other financial charges including pre-payment charges, foreclosure charges, part disbursement charges, cheque swap charges, stamp duty, and other statutory charges would be levied on the applicant.

Find Out How FlexiLoans Can Help You?

In order to envision the cash flow challenges of your beauty and personal care business, you need not be a business expert. Rely on us and leave your worries up to us. We at FlexiLoans help you deal with bad credit issues with our customized loan options. Our loan disbursement process is much easier and faster as compared to other financiers in the market. Further, to explore more about our distinguished features read below:

  • We have a variety of customized product options to satisfy your business capital demands that have been proven to work for our clients.  
  • We offer a 100 percent loan amount to customers without any need for third-party guarantor and collateral.
  • Our business funding procedure is very quick and offers loan approval within 48 hours.
  • No need to meet us in person. All documents and credentials can be served online.
  • No hidden charges are levied. All transactions carried on our part are completely safe and secure.

Thus, we are acquainted with all routes to accord you the best business loan through the easiest procedure possible. We are always there to help you. Look no further and contact us.

How to apply for a business loan with FlexiLoans?

Always there to provide you the best funding solution. Complete a simple online application in a few minutes and click to apply soon.

You don’t have to be a business expert to envision the cash flow challenges of beauty salons & spas