Step 1: What does the application ask for?
The application asks what you're planning, how much you need and basic business details such as monthly revenue, time in business and how you take payments. Describe the project plainly: a suite move, a laser, a nail studio build-out or a production run. The clearer the project, the better the options can be matched to it.
You don't need to pick a product first. If you already have a device quote, suite lease or contractor bid, mention it, because those documents shape which options fit. Keeping business and personal accounts separate makes your deposits easier to read.
Step 2: How are funding options matched to my business?
Your file is reviewed against what funding partners look for. Requirements vary by product and funder; many look at time in business, monthly revenue and credit. For beauty businesses, card deposits and a rebooking client book carry real weight alongside credit. You then see the options your file supports, each with its own term and payment structure.
- Equipment and device financing for chairs, stations, pedicure chairs and aesthetic devices.
- Term loans for build-outs and second locations.
- Working capital or a line of credit for inventory, training and slow months.
| Term to compare | Why it matters for a beauty business |
|---|---|
| Total repayment | The clearest measure of cost across different products |
| Term length | Should roughly match how long the chairs, device or build-out keeps earning |
| Payment frequency | Daily or weekly debits hit hardest in slow weeks |
| Fees | Origination, draw or annual fees change the true cost |
| Early repayment | Some agreements save you money if repaid early; others don't |
How should I compare the offers I receive?
Compare total repayment first, then term, payment frequency, fees and early-repayment terms. A daily or weekly payment can look small but strain a salon in a slow week, while a monthly payment on a longer term may cost more overall. Choose the offer your slowest month can carry, not simply the one with the largest amount.
Ask what each fee covers and whether repaying early saves anything. If one offer secures the agreement with the equipment and another doesn't, note that too.
Step 3: What happens after I choose an offer?
You review and sign the agreement, then funds are released. With equipment financing, the funder usually pays the dealer or device vendor directly. Working capital typically goes to your business account. Build-out loans may pay out in draws tied to construction milestones. Read every term before signing, and ask about anything that isn't clear.
Planning a bigger project? Apply before you sign a suite lease or contractor agreement, so the lease and the build-out match what you can comfortably afford. The resource guides cover suites, devices and build-outs step by step.
What you’ll typically need
- Recent business bank statements
- Card processing statements
- A government-issued photo ID
- Business tax returns for larger requests
- Project documents: a device or equipment quote, suite or salon lease, contractor bid or manufacturer quote
Frequently asked questions
How long does the process take?
It depends on the product and how quickly documents come in. Some approvals come within a day or two, depending on documents, especially for working capital and equipment. Build-outs, second locations and SBA options take longer because bids, leases and draw schedules have to be reviewed. Having statements and quotes ready is the best way to keep things moving.
Does every application get approved?
No. Every application is reviewed on its own finances and credit, and requirements vary by product and funder. If the first request doesn't fit, a smaller amount, a different product or a later date may. You'll get a straight answer about what your file supports rather than a promise that can't be kept.
Can I apply before signing a suite lease or buying a device?
Yes, and it's often the smarter order. Checking funding first lets you size the lease, device or build-out to what you can comfortably carry. Bring the quote or letter of intent you're considering so the options reflect the real project rather than a rough guess.
What if I already have an advance with daily payments?
Say so on the application. Funding partners count every payment you carry, and existing daily debits affect what else fits. If the current payment feels heavy, ask about options to lower your payment or stretch the term before adding new funding, and compare total cost carefully, since a longer term can cost more overall.
Start with step one
Share your project and business details, then review the options your file supports.
Updated September 14, 2026 · BeautyFundr Funding Team