Weststone Lending explains salon business loans for Elyria, Ohio owners: nail salon pedicure chairs and ventilation, beauty salons with booth renters, hair salon equipment, buying a salon or barber shop, second locations and retail stock, with a worked example. Lorain County, OH counts come from County Business Patterns 2023 and Nonemployer Statistics 2024.
Beauty Salon Loans in Lorain County, OH: The 2023 Counts
| Salon type (NAICS) | Employer establishments | Under 5 employees | Without paid employees (NES 2024) |
|---|---|---|---|
| Beauty salons (812112) | 79 | 42 (53.2%) | 577 |
| Nail salons (812113) | 29 | 20 (69.0%) | 171 |
| Barber shops (812111) | 4 | 4 | 128 |
Employer counts and nonemployer counts come from separate Census programs and are not added together. Beauty salons with employees had 515 employees and $13.6 million in payroll; ZIP 44035 held 13 of them (County Business Patterns 2023; ZIP Code Business Patterns 2023).
Nail Salon Financing: Pedicure Chairs, Ventilation and Build-Outs
A nail salon's equipment is built into the room: pedicure chairs with plumbing and drains, manicure tables with ventilation, and air handling that keeps fumes down. Those items need a plumber and sometimes an electrician, and the installation can cost as much as the furniture.
Chairs and tables can be financed as equipment. Plumbing, drains and ventilation become part of the leased space, so a partner may treat them as a build-out on a term loan. Ask the landlord about drain lines and exhaust before signing.
Loans for Beauty Salons With Booth Renters and Commission Stylists
A salon may rent chairs to independent stylists, employ stylists on commission, or both. Booth rent arrives on a fixed schedule; commission income moves with bookings. A partner reads which model the salon uses because it changes how income shows up in the bank statements and the tax return.
Booth rental agreements in writing help a request: they show recurring income a partner can count. Commission salons show payroll and service sales instead. A salon that switched from one model to the other during the year should explain the change, because its deposits, payroll and tax return will all look different from the year before.
Hair Salon Equipment Financing Options Near Elyria, OH
- Styling stations, chairs and mirrors.
- Shampoo bowls and backwash units with chairs.
- Dryers, processors and color bars.
- Reception desk, retail shelving and point-of-sale.
- Water heater upgrades for added bowls.
Each can sit on an equipment loan or lease. The equipment financing page compares the two, and the payment calculator works for salon gear as well as machines.
Buying a Barber Shop or Salon in Lorain County, OH
Buying an existing salon or barber shop means paying for its client list, its staff or renters, its equipment and its lease. The client list leaves with stylists who leave, so a partner will ask who stays after the sale and whether any have signed on.
- Collect three years of tax returns and booking or POS reports.
- List stylists and renters and their agreements.
- Inspect equipment and plumbing.
- Confirm the lease can be assigned.
- Request financing with the purchase agreement.
Hair Salon Loans for a Second Location
A second salon doubles the lease, the build-out and the equipment list, but not the owner's time. A partner reads how the first salon runs without the owner in the chair: a manager, steady renters, bookings by other stylists. The first location's records carry the second location's request.
A term loan for the build-out and equipment financing for stations is one structure; working capital for the first months of payroll is another piece.
Retail Product Stock on the Salon Shelf
Shampoo, color and styling products sold over the counter are stock bought ahead of sales. For a salon with a retail wall, a small inventory purchase or a line of credit can carry it. Professional color and supplies used on clients are operating costs that fit working capital or a line.
Illustration: Four Styling Stations and Two Shampoo Bowls
Illustration only, invented figures: a salon adds 4 styling stations at $2,400 each and 2 shampoo bowls with chairs at $3,100 each, plus $5,800 for plumbing and installation, $21,600 in all. Financed at an invented annual rate of 12% over 36 months, the payment is about $717 a month (our arithmetic).
If the new stations are rented to booth renters, their weekly rent can be set against that payment. If they are staffed by commission stylists, the salon's share of their service sales does the same job.
Records a Partner Reads From a Salon
- Business bank statements and tax returns.
- Booking or POS reports showing service and retail sales.
- Booth rental agreements, if any.
- Equipment quotes and contractor bids.
- The lease.
The Elyria, OH page sets out county and ZIP figures.
By Weststone Lending · Updated
