MINIMUM REQUIREMENTS
Gaining funding is the number one obstacle must store owners face. However, simply getting funding isn't always in the best interest of the owner. This is why we require two conditions in order for owners to get their funding acquisition process started:
Approval Requirements
Approval packages vary. However, some of the minimum requirements for approval within ore program are:
Some loans can fund in as little 3 days after application.
- Present a Diploma from the Beauty Supply Academy
- Present a Beauty Supply Business Plan from Beauty Supply Institute
Approval Requirements
Approval packages vary. However, some of the minimum requirements for approval within ore program are:
- 500 minimum credit score (may require minimum cash flow and collateral)
- 0 years in business (may require personal guaranty)
- 0 cash on-hand (may require fair or excellent credit rating)
Some loans can fund in as little 3 days after application.
Types of Loans
We only focus on a limited form of funding. These options are in the best interest of store owners. However, within these limited types of funding, there are multiple categories:
Loan Range
Loans range from $5,000 to $200,000. What you're qualified for depends on multiple factors. Time in business, credit score, average daily bank balances and bank deposits all weigh in to how much you can get, what terms and what type of loan. Loans can be unsecured or inventory-securing.
However, because we are well-versed in the opening, running and growth of beauty supply stores, we are able to consult you on what terms works best for your specific situation.
We only focus on a limited form of funding. These options are in the best interest of store owners. However, within these limited types of funding, there are multiple categories:
- Lines of Credit
- Business Loans
- Merchant Cash Advance
Loan Range
Loans range from $5,000 to $200,000. What you're qualified for depends on multiple factors. Time in business, credit score, average daily bank balances and bank deposits all weigh in to how much you can get, what terms and what type of loan. Loans can be unsecured or inventory-securing.
However, because we are well-versed in the opening, running and growth of beauty supply stores, we are able to consult you on what terms works best for your specific situation.
