Salon &
Beauty
Salon and Beauty Equipment Finance
Despite the continued economic downturn, and the ever-present pressure on disposable income, the salon and beauty sector has remained resilient, and in many areas even grown.
Without a doubt, some of this success can be attributed to the continued use of equipment leasing throughout both new and existing salons and beauty parlours.
The number of small retail businesses providing a range of beauty treatments is huge, meaning many different types of equipment and products available for the market. We have helped salons lease equipment of all sorts, including:
- Reception Desks & Sink Units
- Chairs & Treatment beds
- Nail stations
- Ultrasound machines
- Shop fittings
- Electro therapy machines
- Laser Hair Removal Equipment
- Massage and toning tables & EPOS
The equipment leasing we offer as part of our long experience in finance works for salon businesses by allowing you to get the equipment you need today, but make fixed payments over a long-term contract, allowing you to use your hard-earned cash for other areas of business growth. By shifting your equipment costs from capital expenditure to operational expenditure, you’ll also be giving yourself great tax benefits – namely that the cost of leasing can normally be written off against your tax bill!
We operate with a policy of ‘Common Sense Underwriting’, which means we’ll help you get finance for equipment that has little or no residual value outside of your business after it’s been purchased, in stark contrast to traditional lenders (like your bank) who won’t even consider it!
Blog
New business asset finance grows 10%
New figures from the Finance & Leasing association (FLA) show that from August 2022 total asset finance new business (primarily leasing and hire purchase) grew 10% compared to August 2021. Furthermore, in the first eight months of 2022 new business was 3% higher...
Case studies
No lounging around with Cyrano
Cyrano Ltd are one of the UK’s premier suppliers of sunbeds, collagen beds, and tanning lotions, sporting an extensive range of domestic and commercial sunbeds from the exclusive Hapro Luxura range.
When we were asked to finance 4 sunbeds for Cyrano, we knew our experience in the salon and beauty sector was going to be an asset in helping achieve the capital required. We helped finance the beds – a combined value £28,000 – over a 4 year fixed term, with no upfront deposit required.
The monthly payments and no upfront costs meant the sunbeds could be delivered immediately and start paying for themselves straight away, without requiring a huge outlay in capital expenditure.
