A salon or barbershop is a business of small, frequent costs that add up fast. A new styling station, a colour bar, salon-grade chairs, a wash unit, or a fresh round of retail stock each cost money before the extra capacity earns anything back. Credicorp lends to UK limited companies and LLPs in the beauty trade so you can spread that spend over a term that matches how the work pays off.
The cash-flow shape of a salon
Beauty businesses run on a tight, repeating cycle: stock goes out, services come in, and the busy weeks rarely line up with the bills. December, wedding season, and the run-up to big local events can swamp you with bookings, while quieter months still carry the rent, the wages, and the product order. Funding lets you fit out and stock up ahead of demand without draining the working capital you need to trade through the slow weeks.
What it can cover
- Chairs, styling stations, wash units, and salon furniture
- Treatment beds, lasers, and beauty or aesthetics equipment
- Colour, retail product, and consumable stock ahead of a busy season
- A fit-out, rebrand, or extra chairs to add capacity
Buying stock and kit ahead of demand
If your peak is coming and you need product on the shelf or a station ready before it lands, the same thinking applies as for any seasonal trade. You can read more in managing cash flow in a seasonal business and financing materials and stock purchases. If the spend is a larger one-off — a full refit or a new chair count — funding a shop fit-out or refurbishment covers how to spread a refit over the time it keeps earning.
Choosing a term
We try to set a term that reflects how the spend pays back — a quick stock order is a shorter commitment than a full fit-out. The rate and term appear in your offer, and you should read them in full before you accept.
Who we can lend to
Credicorp lends to the incorporated business — a limited company or an LLP — not to a person. That means a salon trading as a sole trader or as you in your own name cannot borrow from us directly; the borrower has to be the company. We explain the reasoning in why we lend to companies, not sole traders.
The lending basics
The agreement is with your company, with no personal guarantee from directors. Credicorp is an exempt business lender outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply. If you would like to talk through whether funding fits your salon, you can reach us through contact.
See also: Can an accountancy practice borrow from Credicorp?, Funding equipment and plant costs, How do we fund a large new contract?.