Funding a nail or beauty business

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Beauty businesses may need finance for fit-out, equipment or additional working capital. The funding structure should reflect whether the business sells appointments for immediate payment or has another income model.

Build the opening budget

Include furniture, specialist equipment, stock, training and the cash needed while appointments build. Check premises commitments and any licence or insurance requirements with suitable advisers.

Assess repayments realistically

Use completed appointment income after product, staff and premises costs. Allow for cancellations and quieter periods. If considering deductions from card takings, understand the percentage, total repayment and any processor requirements.

Choose the investment carefully

A new treatment or extra station needs sufficient demand and staffing capacity. Compare purchase and finance costs, maintenance and the useful life of the equipment. Do not borrow solely because a supplier describes a monthly payment as affordable.

Explore your next step

Contact Milestone Funding to discuss your business and funding needs, or explore the funding options.

Further reading: British Business Bank: finance options.

General information, not a personalised recommendation. Availability, costs and terms depend on the provider and circumstances.