This Glenpine Funding article answers which financing suits a beauty salon remodel in Maryville, Tennessee: equipment financing for chairs and bowls, term loans for the build-out, working capital between remodel and reopening, booth-rental salons, stylists without employees, Blount County, TN salon counts, a worked six-station remodel and a checklist.
Salon Business Loans in Maryville, TN: Three Funding Shapes for One Remodel
A salon remodel has three kinds of cost, and each fits a different funding shape. Equipment (styling chairs, backwash units, dryers, color bars) can secure its own loan. Build-out (plumbing for shampoo bowls, electrical, ventilation, flooring, mirrors, finishes) cannot, so it fits a term loan. The weeks of lower income during the work are a working capital need.
A single request can describe all three. Equipment financing, term loans and working capital explain each.
A Salon Loan for Chairs and Shampoo Bowls: Equipment Financing
Styling chairs, backwash units with shampoo bowls, hood dryers, pedicure spas and color stations come from salon equipment suppliers with itemized quotes. Financing them as equipment ties the payment to their working life and uses them as collateral.
Get the quote with delivery and installation listed. If the bowls need new plumbing, that plumbing belongs to the build-out, not the equipment.
Used salon equipment can be financed too, though a partner may lend a smaller share of its price. A chair with a sound hydraulic base and a backwash unit with intact plumbing fittings hold value; worn upholstery alone does not sink a request, but cracked bowls and failing pumps do.
Hair Salon Business Loans for the Build-Out Itself: Term Loans
Plumbing for new shampoo stations, added circuits for dryers, ventilation for color and chemical work, flooring, lighting, mirrors and reception all add up to the build-out. A contractor's bid that separates these from equipment makes the term loan request clear.
Check permits before work starts; the Maryville, TN zoning and planning guide covers the city offices.
Business Loans for a Beauty Salon Between Remodel and Reopening: Working Capital
A remodel may close the salon for days or leave some stations unusable for weeks, while rent and any payroll continue. Working capital set aside for that stretch keeps the business current until bookings recover.
Size it from the salon's own numbers: weekly fixed costs times the weeks of disruption, less whatever income continues.
Phasing the work keeps some chairs earning. Remodel half the floor, move stylists across, then finish the other half. Phasing stretches the schedule and may raise the contractor's price, so ask for both a full-closure bid and a phased bid before choosing.
A Business Loan for a Hair Salon Owner Who Rents Booths
A salon owner who rents chairs or booths to independent stylists earns rent rather than service revenue. A partner reads the rental income, the booth agreements and how many booths are filled.
A remodel that adds booths can be framed around the added rent. Signed agreements with incoming stylists support the request.
Booth rent is steadier than service revenue when every booth is filled and weaker when several sit empty. Show a partner the booth-occupancy history, not just the current roster, so it can judge how the remodeled space will fill.
Business Loans for Salons Run by a Stylist Without Employees
Nonemployer Statistics counted 300 beauty salons and 92 nail salons without paid employees in Blount County, TN in 2024 (Nonemployer Statistics 2024). A stylist running a business alone is read through personal credit, the personal tax return and the business bank account.
Keep salon income in a business account for the months before a request. Card-processing statements help show steady income.
Blount County, TN Salon Counts in Two Census Programs
Salons with a payroll were few in Blount County, TN in 2023: 17 beauty salons and 4 nail salons (County Business Patterns 2023). Nonemployer Statistics counted 300 and 92 respectively without paid employees in 2024, and 28 barber shops (Nonemployer Statistics 2024).
The two programs measure different groups and are not added together. Funding by industry has notes on salons and barber shops.
A Six-Station Remodel Split Across Two Funding Types, Invented Figures
Illustration only, invented figures: a salon replaces 6 styling chairs at $2,300, two backwash units at $2,900 and two dryers at $1,100: $21,800 in equipment (our arithmetic). The build-out (plumbing, electrical, floors, lighting) is bid at $36,000.
With $2,200 down, $19,600 of equipment over 48 months at an invented 11% annual rate is about $507 a month; the build-out over 60 months at an invented 10% is about $765 a month; together about $1,271 (our arithmetic). Set that against the added bookings the remodel is meant to bring.
A Salon Owner's Checklist Before the Remodel Call
- Equipment quotes, itemized.
- A contractor's bid separating build-out from equipment.
- Card-processing and bank statements for recent months.
- The lease and the landlord's consent to the remodel.
- Booth agreements, for a booth-rental salon.
- The expected weeks of disruption.
Then call (865) 252-6156 or use the online form.
By Glenpine Funding · Updated
