When a dryer dies or the landlord needs rent and bookings are thin, speed matters. A merchant cash advance can be fast. Whether it is wise depends on a few questions.
Apply Now →A merchant cash advance gives a business funds in exchange for a share of future receipts. It is not a standard loan, and it has different mechanics, including how and when repayments are taken. The terms of any specific offer are what matter.
Salon and barbershop owners often hear about advances because their income arrives in a steady stream of card payments, which funders find easy to evaluate.
A clear, short-term need: a repair that is keeping chairs empty, a deposit for a lease, product stock for a known busy period, with a business whose recent weeks have been reasonably steady.
A recurring gap that never closes, or a purchase that is really equipment, which has better-matched options. If the real issue is that the shop does not earn enough per chair, cash will not repair that.
A new stylist who is still building a following. The gap is real and temporary, but the timing is uncertain, so keep the request modest.
A merchant cash advance is rarely the only option. Product suppliers sometimes offer longer terms for regular customers. A landlord may allow a short deferral in exchange for a longer lease. A business line of credit may suit a recurring need. If the purchase is a chair or a washer, equipment financing is built for it. Spending a few minutes comparing these can save a meaningful amount.
For illustration only, with made-up numbers: if a shop averages $3,000 in weekly sales and a repayment takes a share of each week's receipts, imagine a week with only $1,800 in sales. Would rent, supplies and wages still be covered? If not, the amount or structure is wrong. These figures are not our terms.
Having a clear picture of the business makes any offer easier to judge. Know your average weekly sales, your fixed monthly costs, how many chairs are booked on a typical day and the amount you actually need. Be ready to explain what the money is for in a sentence. The application takes about five minutes, but the thinking behind it, done in advance, is what saves you from an offer that does not fit.
We fund from $25,000 to $5,000,000. Some applicants are funded in as little as 24 hours. The application takes about five minutes and uses a soft credit pull. Sole proprietors can apply. We do not publish rates or terms here.
Finally, remember that your own record matters: owners who can show steady weekly bookings are better placed to judge whether repayment will fit, and to explain their situation clearly on the application.
That depends on the offer. Read how repayment is collected before accepting.
Equipment financing is usually better matched for a specific machine or chair.
$25,000.
Sole proprietors can apply.
No. The application uses a soft pull.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
