Salon Business Loans in Myrtle Beach, SC: Lash Beds, a Booth-Rent Gap and a Product Order

A hair salon, nail salon, lash studio or barbershop spends on equipment that lasts, product that sells off the shelf, and rent or payroll that repeats each month. The table matches those costs to the products on this site.

A funding partner may look at bank statements, time in business, revenue and credit before setting any terms. The industries page lists gyms and fitness studios in the same group as salons.

Illustration only, invented figures: a Myrtle Beach, SC lash and brow studio prices three lash beds, three magnifying lamps and two rolling carts at $7,640. Borrowed for two years at 12.05%, the set costs $359.82 a month; across those 24 months the studio pays $8,635.68, so $995.68 goes to interest (our arithmetic). The studio owns the equipment from the start.

A lease works differently: the studio pays to use the beds for a set term, and the agreement states what happens at the end, whether a return, a renewal or a purchase at a price written into the lease. The equipment financing page works through a fair-market-value lease, so the two structures can be compared line by line before choosing.

In this invented example, the beds and lamps plug into existing outlets. Any new circuit for extra lamps or a sterilizer would be property work outside this site, priced apart from the equipment.

In 2023, ZIP Code Business Patterns counted 29 beauty salons and 5 nail salons with paid employees at ZIP 29577 addresses.

Across Horry County, SC, County Business Patterns counted 100 beauty salons and 31 nail salons with paid staff that year, and 75 of the beauty salons had fewer than five employees.

Nonemployer Statistics for 2024 listed 997 beauty salons and 567 nail salons in the county with no paid employees. That program is separate, and its counts are never added to the employer figures. Chair renters filing as their own business without staff land in that no-payroll group rather than the employer one.

Either kind of salon, with staff on payroll or run by one stylist, can request the same products.

Illustration only, invented figures: a Myrtle Beach, SC salon rents four booths at $1,150 a month each. Two renters leave, and the owner plans for three months to fill the chairs again, so the rent income at risk is 2 × $1,150 × 3 = $6,900. A working capital loan of $6,900 at 13.45% over 6 months has a payment of $1,195.53; the six payments total $7,173.18, including $273.18 of interest (our arithmetic).

In this invented example, if the first payment comes due one month after funding, it falls inside the three-month gap, so the salon’s cash plan for those months has to carry $1,195.53 a month beside the lost rent. The term also runs three months past the gap, after the chairs are rented again.

A shorter term raises each payment but ends sooner; a longer one lowers it and adds interest. The working capital page explains how a fixed schedule is set.

Illustration only, invented figures: a Myrtle Beach, SC salon takes an $8,900 cash advance at a 1.27 factor to pay for a retail product and color order, so the funding source collects $11,303.00 from card sales. A 9% holdback on $1,140 of daily card sales sends $102.60 each business day, and the balance clears in about 111 business days (rounded up, our arithmetic).

If card sales dip, the daily amount dips with them and the advance runs longer; if they rise, it clears sooner. In this invented example the total stays $11,303.00 either way, which is the figure to set beside the interest on a working capital loan for the same order. Factor and holdback are both explained on the merchant cash advance page.

For nail salons, a post on pedicure thrones and nail tables works through four more cases: two equipment orders, a second location and a credit line draw.