What does it take to receive tanning salon business financing from an alternative lender? The answer is, not much. If you own a tanning salon business and you find yourself in need of capital but aren’t in business long enough to receive a bank loan or your credit isn’t the best alternative lenders are your answer.
Alternative lending is a source of capital that businesses turn to when banks will not provide financing. These private non bank institutions understand all types of businesses and understand the nuances of underwriting loans for credit challenged or new businesses. They know how to provide tanning salon business financing as more than likely there is someone within their company that either operated a tanning salon or at the very least worked in one. Either way, they will know the needs, seasonality, or trends. When a tanning salon owner requests a loan for expansion, new hires, upgrades, inventory, etc… alternative lenders will understand the reasoning and requirements of the capital. Small Business Funding is one such lender matching service that has the relationships with all the alternative lenders in the country. We make them compete for your business resulting in the industry’s best terms.
Tanning salon business financing provides the fuel to allow tanning salons throughout the country to grow and prosper. It is a relatively misunderstood business and that is why it is difficult for banks to finance. The nuances of this industry are many as are the revenue models. New tanning equipment can run ten’s of thousands of dollars but can yield a return that can last years. To outlay cash to purchase this equipment can put a huge strain on the cash flow causing other problems. Alternative lending solutions enable a tanning salon owner peace of mind with fast financing.
To find out how much tanning salon business financing you can be approved for please visit Small Business Funding or click here.