Running your own business is an ever-growing challenge, and in the beauty and aesthetics industry especially, it’s important for you to stay ahead of the competition to ensure your business growth. This isn’t always easy to do, especially when you don’t have the funds you need to be able to purchase the latest equipment to keep up with new trends.
Luckily, there are business funding solutions available to the beauty and aesthetics industry which mean you don’t need to have the cash upfront to be able to grow. In fact, business finance for the beauty industry is flexible and often available quickly, allowing you to respond to current trends when you need to.
Let’s take a look at some ideal finance solutions for the beauty and aesthetics industry…
Business finance and funding options for the beauty and aesthetics industry
Whether you’re considering acquiring salon equipment such as aesthetics lasers, RF & ultrasound devices, salon furniture, I.T hardware and software for clinics or you require a refurb, business finance can help to preserve your capital and existing credit lines, ease cash flow and pay for the equipment as it works for you.
Some ideal business funding solutions for beauty and aesthetics companies are:
- Asset finance – this allows you to acquire the assets you need without having to pay upfront, allowing you to preserve cash flow and pay over time as the assets work for you in your business.
- Business loans – Many beauty and aesthetics business owners might not realise that there are independent loan providers who can offer unsecured business loans for stock and equipment purchases, cash injections or cash flow, expansion or any legitimate business reason.
- Merchant cash advance – Merchant cash advance is an ideal solution for beauty and aesthetics businesses as it is a low-risk business funding option you can repay using a percentage of sales put though your PDQ machine.
How can PMD help with your beauty and aesthetics business finance needs?
Being one of the UK’s largest independent business finance representatives, PMD has a wealth of knowledge to support and help your beauty and aesthetics business to thrive. There are several ways in which we can help with your business finance needs and our professional and reliable team are on hand to ensure you receive the best service experience possible.
At PMD we work with over 150 lenders, giving us the flexibility and competitive funding lines to help your business thrive. We are committed to delivering a professional, reliable and compliant service experience and we are here to take the hard work out of securing business funding and liaising with funders on your behalf to ensure we provide creative bespoke solutions.
If you are considering business finance options for your beauty and aesthetics business, get in touch today and see how PMD can help you.