How can OnDeck Help?
A quick and easy loan process
Our simple application process can be completed in minutes and you'll know within hours if your loan is approved
Flexible loans to suit your needs
With loans from $10,000 - $250,000 over 6-24 month terms, we work with you to understand what best suits your needs
Dedicated Australia-based Loan Specialists
You'll get an Australia-based Loan Specialist to assist you with your application
Find out how much funding you could get for your business
What life stage is your hair salon business in?
OnDeck has specialised business guides and tips for every stage of your business.
Have a look below to see if your industry is listed.
OnDeck, the small business loan specialist
OnDeck has been an awesome help with my small business cashflow for many months and I thank you all in the company for the ongoing help especially Peter.
Jolantas Pty Ltd
Hair Salon Loan Frequently Asked Questions
Banks and lending institutions offer a variety of business loans for hair salons. The application process and eligibility requirements are different for each, so ask these questions before taking out a loan.
Start by doing heaps of research. Look into industry trends, specialties, locations, and resources/funding to make sure you’re aware of all the components associated with starting a new business. Then write down your company description, unique selling proposition (USP), market analysis, products and services, marketing strategy, and the funding needed. After that, you can start applying for any necessary business loans.
A salon that delivers a high-quality service and has efficient processing systems. Quality comes from offering better/unique services compared to your competitors, having experienced staff, and offering products your customers want. Efficiency focuses around POS systems, invoicing, payments, and customer experience.
This depends on what services you want to offer as that influences the equipment you need as well as space. The more you offer, the more you’ll need. Besides equipment and rental costs, you need to include staff, product inventory, insurance, loan repayments, etc.
A strong business plan, a well-trafficked location, and experienced staff are a few key necessities. Having sufficient resources and cash – oftentimes sourced through a business loan – to cover the start-up costs are also important.
Salons need to comply with their state or territory requirements based on the services they will offer. For example, in Sydney all hairdressers must have the right qualifications and licenses to work.
Choose your location based on your ideal customer base and price. Make sure you are in a convenient location for your customers while maintaining a rental price within your budget.