BUSINESS LOAN FOR HAIR SALONS AND SPAS

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Business Loan for Hair Salons & Spas

Reports have proved that the industry for beauty salons and spas in India will be growing at a breakneck pace in the next one or two years. It brings in good news for the salons and beauty parlours that have already put in a good amount of money. But what about the ones thinking of starting their hair salons and spas. What if these business professionals do not have the required funds for starting this business? Well, there is no need for you to be worried when you have FlexiLoans by your side. We offer a business loan for hair salons & spas within the most affordable rates of interest. Our reasonable rates of interest have made us one of the most favoured destinations for borrowers who are in the lookout of funds.


Why Go for Loans for Beauty Salons?

Our beauty salon & spa loans & financing can prove to be very advantageous. The money generated through these loans can be used for designing the interiors of a spa or for remodelling a hair salon. Our beauty salon loans can also be helpful when it comes to refurbishing salon equipment. You can use our loans for upgrading to the most advanced trends in the beauty industry and get the assets required. It will further help you in having a cutting-edge and latest salon facility.

FlexiLoans take pride in providing loan for beauty parlours as the money so provided can even be used as working capital. The money so collected can be used for paying electricity bills and for buying dyes and shampoos. Our term loan amount can be used for covering up gaps in the flow of cash which is very important in this business field, going for credit or cash advance from us can help beauty salon owners in meeting their expenditures.

The line of credit and vendor financing loan options available at our portal can help with business expansion. The funds can also be used for moving to better locations or for coming up with a new branch at some other location. Marketing and promotional requirements can also be fetched through our loans.

One of the best things about our loan against POS is that it comes without offering any collateral. Unsecured business loans from FlexiLoans will give you the ability to develop mobile applications and even a website for your business. These are things you cannot afford to do without having sufficient funds in hand.


Basic Eligibility Criteria

Minimum Business Vintage 1 year
Monthly Business Sales Minimum 2,00,000

Documents Required for Business Loan for Hair Salons & Spas

Personal KYC PAN card
Residential Address Proof (Any One) Rent Agreement | Driving License | Voter's ID | Ration Card | Passport | Aadhar Card
Banking Last 6 months current account bank statements
Business KYC (Any One) GST Registration Certificate | Shops & Establishment Certificate | Business PAN Card

Frequently asked questions

What are the purposes for which I can get a loan via FlexiLoans?

FlexiLoans is here to provide you financial access for your business funding needs. You have to undergo simple and transparent Credit Evaluation, basic documentation before we disburse the loan. You may get loans via FlexiLoans for:
  • Expanding your business
  • Servicing regular working capital needs
  • Managing seasonal working capital requirements
  • Manage short term cash flow gaps

Why should I avail loan via FlexiLoans?

Quick credit assessment ensures fast disbursal of loan at best rates and flexible terms, thus providing financial access at a click! Our business is to help you grow your business.

What documents are required to apply for a loan?

KYC document

  • - Pan card

Proof of residential address (any one)

  • - Rent Agreement
  • - Driving License
  • - Voter's ID
  • - Ration Card
  • - Passport

Banking

  • - Last 6 months of bank statement of current account

Business KYC (any one)

  • - GST Registration Certificate
  • - Shop Establishment Certificate

Financial documents (For loans greater than 20 Lakhs)

  • - 2 years Audited financials
  • - Last 2yrs ITR
  • - GST Returns of 6 months

Are there any charges other than interest rate that I have to pay to avail the loan?

We may charge processing fee to facilitate the loan towards legal and documentation charges. You may be charged penal charges for late or irregular payment behavior.

Quick credit assessment ensures fast disbursal of loan at best rates and flexible terms, thus providing financial access at a click! Our business is to help you grow your business.

We may charge processing fee to facilitate the loan towards legal and documentation charges.

Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, etc.