Blueshore Loans hands funding requests from Sparks, Nevada salons to funding partners. This page covers Washoe County salon counts, equipment, salon suites and the choice between an equipment note, a term loan and a card-sales advance.
At a glance
- Beauty salons, Washoe County, NV
116 beauty salons with paid staff, Washoe County, NV (CBP 2023)
- Nail salons, Washoe County, NV
30 nail salons with paid staff, Washoe County, NV (CBP 2023)
- Beauty salons without paid staff, Washoe County, NV
1,363 beauty salon businesses without paid employees, Washoe County, NV (NES 2024)
Nail Salon Financing for Pedicure Thrones and Downdraft Tables
Pedicure thrones with plumbing and whirlpool jets, manicure tables with downdraft ventilation, UV and LED lamps and sterilization equipment make up most of a nail salon's equipment budget. Nail salon financing for that list is usually an equipment loan or lease. Illustration only, invented figures: 4 thrones at $6,500 each come to $26,000, and financing that over 48 months at an invented annual rate of 11% costs about $672 a month (our arithmetic).
Plumbing and ventilation are part of the build-out, so they may be financed with a term loan rather than with the thrones themselves.
Beauty Salon Loans for Lash, Brow and Color Stations
Beauty salons adding lash and brow services or expanding color need treatment beds, magnifying lamps, color bars with mixing stations, processors and the products to stock them. Beauty salon loans for that kind of expansion are often small, and an equipment loan or a short term loan can fit, depending on how much of the cost is equipment and how much is product and training.
Product inventory turns over quickly, so it fits a line of credit better than a multi-year loan.
Training is part of adding a service. Lash or color certification courses and the time stylists spend in them are real costs, and they are usually paid from working capital rather than financed as equipment.
Loans for Beauty Salons Building Rentable Suites in a Sparks, NV Unit
Some salon owners lease a larger unit and build it into rentable suites, each with its own door, chair, sink and storage, then rent them to independent stylists. Loans for beauty salons building suites in a Sparks, NV unit are term loans for the build-out, repaid from suite rents. Illustration only, invented figures: 6 suites at $14,000 each in build-out come to $84,000 before furniture (our arithmetic).
Lenders read the lease, the build-out budget and the expected rent per suite, and they ask how quickly the suites are likely to fill. Signed letters of intent from stylists help.
Suites also need shared spaces such as a reception area, laundry and a break room, plus the plumbing for each sink. Budget those along with the suites themselves so the loan covers the whole build-out.
Salon Financing Options: Equipment Note, Term Loan or Card-Sales Advance
Salon financing options come down to three structures. An equipment note fits chairs, thrones and stations. A term loan fits build-outs, suites and buying an existing salon. A card-sales advance, which is not a loan, is collected from card batches and is often offered to salons because their sales commonly run through card terminals.
Compare the three on total dollar cost. The advance asks for no fixed payment, but its total cost can be higher than a loan's; the equipment note asks for steady monthly payments.
Financing Salon Equipment Like Color Bars and Shampoo Backbars
Color bars, shampoo backbars with bowls and chairs, styling stations, dryers and steamers are long-lived salon equipment. Financing salon equipment through a lessor or a manufacturer's program is common, and some suppliers bundle installation. Lenders ask for a quote listing each piece.
Used salon equipment can be financed too, though fewer lenders offer it and terms may be shorter. Ask about buyout terms on any lease.
How Many Beauty, Nail and Barber Employers Washoe County, NV Has
Washoe County, NV had 116 beauty salons, 30 nail salons and 4 barber shops with paid staff in 2023, 150 in all (our sum of three NAICS codes, CBP 2023). Beauty salons had 488 paid employees and about $15.6 million in annual payroll, and 72 of the 116 had fewer than five employees. Nail salons had 160 paid employees.
Salon businesses without payroll are counted in a separate program: Nonemployer Statistics counted 1,363 beauty salons, 485 nail salons and 117 barber shops without paid employees in Washoe County, NV for 2024. That is a separate program and year from the employer counts, so the two are never added.
For a lender, those counts say less than the salon's own records. Card processing statements, appointment software reports and bank deposits show how steady the chairs are kept busy.
By Blueshore Loans · Updated
