Roseland Finance helps beauty salons, nail salons and barbershops in Mansfield, OH request equipment financing for chairs and stations, working capital for build-outs and slow stretches, and term loans to buy a salon. Partners review deposits, the business model and quotes, then decide. Richland County, OH had 30 beauty salons with employees in 2023 (County Business Patterns).
| Richland County, OH: beauty salons with employees | 30, per CBP 2023 |
|---|---|
| Beauty salons without payroll | 296, per NES 2024 |
| Nail salons with employees | 6, per CBP 2023 |
| Barber shops without payroll | 36, per NES 2024 |
| In ZIP 44902 | 4 beauty salons, per ZBP 2023 |
| Fits | Equipment financing, working capital, term loans |
Money in and money out at a salon
Salons and barbershops take payment at the chair. The big costs are the space and the equipment: styling chairs, stations, shampoo bowls, dryers, pedicure spas, ventilation and plumbing. Retail product on the shelf adds a small inventory.
The business model matters as much as the equipment. In a commission salon, the owner employs the stylists and pays wages or commission. In a booth-rent salon, stylists rent chairs and run their own books, and the owner's revenue is rent. Partners read the two differently.
Booth rent vs commission, as partners see it
A commission salon's deposits include all service revenue, and its costs include payroll. A booth-rent salon's deposits are mostly rent. Neither is better for funding; what matters is that the bank statements match the model you describe. Explain the model on the first call.
Salon equipment financing
Chairs, stations, shampoo units, dryers, pedicure spas, nail tables with ventilation and barber chairs are examples of salon equipment that equipment financing can cover. A new item comes with a supplier quote that documents its price; used salon furniture may be harder to value. Plumbing and ventilation installed in the space are build-out, not equipment; itemize them.
Salon equipment financing companies differ in what they will include. The equipment financing page sets loans and leases side by side.
Fit-outs and the first slow months
A new salon or a relocation needs a build-out before the first appointment: plumbing for bowls, electrical for dryers, lighting, flooring and finishes. Working capital or a term loan covers it, depending on size. Working capital also covers the slow first months while the book fills.
How to get a business loan for a salon starts with a dated budget: build-out, equipment, opening product and a few months of rent.
Hair salon business loans: what partners review
- Bank statements and the card processor's monthly reports
- The salon's model: commission, booth rent or a mix
- The lease, especially for a new space
- Equipment quotes and build-out estimates
- Current loans, leases and any advances
Richland County, OH salons and barbers in the counts
Richland County, OH had 30 beauty salons with employees in 2023, employing about 221 people, and 53.3% had fewer than five employees (County Business Patterns). Nail salons with employees numbered 6. Four beauty salons had a ZIP 44902 address (ZIP Code Business Patterns 2023). County Business Patterns published no separate row for barber shops in the county.
Nonemployer Statistics, a separate program, counted 296 beauty salons, 82 nail salons and 36 barber shops without payroll in 2024. Because the program and year differ, those counts are neither added to nor compared with the employer counts.
Merchant cash advances and salons
Salons that run on card sales can receive advance offers. A merchant cash advance is not a loan; it is collected from daily card receipts. Compare its total cost with working capital or equipment financing first; the merchant cash advance page explains how.
Questions to ask before signing a salon lease or loan
- How many years remain on the lease, and can it be renewed?
- Who pays for plumbing and electrical changes for new stations?
- Will the equipment outlast the financing term?
- Which stylists have committed to stay or to rent chairs?
Buying a salon
Buying an existing salon means buying equipment, a lease, a client list and, in a commission salon, a working relationship with the stylists. The guide to buying a salon in Mansfield, OH walks through what to check before agreeing a price.
See also the Mansfield, OH city page for county figures.
By Roseland Finance · Updated
