For a Carroll County, GA salon replacing chairs, equipment financing usually fits the chairs themselves, since they secure the loan and last for years; a salon loan, meaning a term loan or working capital, fits a suite build-out or the weeks around a remodel. A salon can use both.
This Maplepeak Finance post, written in Carrollton, Georgia, compares salon loans with equipment financing for Carroll County salons and nail studios, with an invented set of pedicure chairs priced both ways.
Beauty Salon Loan for Carrollton, GA Salon Owners Buying Pedicure Chairs
Pedicure chairs are among a salon's largest equipment purchases: the chair, the basin, the plumbing connection and often a jet or pipeless system. A beauty salon loan for chairs is most often equipment financing, with the chairs as collateral. The plumbing and electrical work to install them may need a separate budget, and possibly a permit.
Pipeless and jetted pedicure systems are priced differently, and the choice changes the quote, so settle it before asking for financing.
Beauty salons counted 22 employers in Carroll County, GA in 2023, and nail salons 7, all seven with fewer than five employees (CBP). See equipment financing.
Salon Loans: How Carroll County, GA Salon Owners Use It for Suite Build-Outs
A suite build-out turns open floor space into private rooms rented to stylists or used for services. Salon loans for suite build-outs are term loans: walls, doors, plumbing, lighting and finishes become part of the building, so they do not secure an equipment loan. Make sure the lease outlasts the last loan payment.
Ask the landlord whether improvements stay with the building at the end of the lease. If they do, a partner will treat the build-out as money spent on someone else's property and look harder at the lease length.
See business term loans.
Business Loan for Beauty Salon Around Carrollton, GA for Salon Owners Buying Styling Stations
Styling stations, chairs, mirrors, dryers and shampoo bowls are equipment, and several can go on one equipment loan. A business loan for a beauty salon's stations can also be part of a remodel term loan if the work is done at the same time. Ask the vendor to list each item and the installation separately.
Used salon equipment is sold through dealers and closing salons. It costs less but may not secure a loan as easily; check its condition and age, and get a bill of sale.
Nonemployer Statistics counted 408 beauty salons without paid employees in Carroll County, GA in 2024, a separate program from the employer counts above.
Salon Business Loan for Carroll County, GA Salon Owners Covering Booth Expansion
A booth expansion adds stations for renters or commission stylists. A salon business loan for it may cover the build-out, the stations and a short stretch of working capital while the new chairs fill. Expect a partner to ask how quickly new stations have filled in the past.
If renters will move in as soon as the new stations are ready, signed booth agreements help show a partner when the new income starts.
See working capital loans for short gaps.
Booth Rent, Commission Chairs and How Each Shows Up in a Salon's Bank Statements
Salons earn in two common ways. Booth rent brings a fixed weekly or monthly payment from each renter; commission salons collect service revenue and pay stylists a share. Booth rent shows up in bank statements as steady deposits from renters; commission revenue shows up as card batches and cash, with payroll going out. A partner reads the pattern, so be ready to explain it.
Personal care services, the wider Census group that includes salons, barbers and nail studios, counted 39 employers in Carroll County, GA in 2023 (CBP).
Six Pedicure Chairs, Priced as Equipment Financing and as a Term Loan (Invented Figures)
Illustration only, invented figures: a salon replaces 6 pedicure chairs at $4,650 each, $27,900 in all. As equipment financing over 48 months at an invented annual rate of 10.4%, the payment is about $713 a month and the total about $34,223 (our arithmetic).
As a term loan over 36 months at an invented annual rate of 11.2%, the payment is about $916 a month and the total about $32,978 (our arithmetic). The shorter loan costs more each month but $1,245 less in total in this invented case. A partner's actual quote could change either figure.
Checklist Before a Carroll County, GA Salon Owner Picks a Funding Type
- Separate equipment from build-out work on every quote.
- Line up the remaining lease years with the loan's length.
- Ask whether plumbing or electrical work needs a permit.
- Price the equipment both as equipment financing and on a term loan.
- Compare by total dollars and by monthly payment.
- Send the request with the quotes.
Look at what the salon pays now for any leased equipment and when those leases end. New financing that overlaps an old lease adds to the monthly load.
Salons and other trades are listed on business loans by industry; retail figures are on business loans for retail, and county counts on the Carrollton, GA page.
By Maplepeak Finance · Updated
