Spa & Salon Financing Program

Overview of the Spa & Salon Financing Program program:

The Spa & Salon Financing Program by Forward Funding is specifically designed to support beauty and wellness business owners in Canada, including hair salons, barbershops, spas, nail salons, and esthetic studios. These businesses often face challenges accessing traditional loans due to inconsistent income, seasonal fluctuations, or limited credit history. Forward Funding offers a streamlined and accessible financing solution to fill this gap, providing between $5,000 and $800,000 in short-term working capital with flexible repayment options. This funding can be used for a wide range of business needs, such as purchasing products or tools, upgrading interiors, launching marketing campaigns, managing payroll, or adding new service lines. Business owners can choose between fixed daily/weekly repayments or variable repayments that adjust based on a percentage of sales, allowing repayment to align with revenue flow. This makes the program ideal for businesses with fluctuating client traffic or seasonal demand. Forward Funding offers a fast, online application process with minimal paperwork. Approval is based mainly on cash flow and business performance—not credit score alone—and funds are typically delivered within 24 to 48 hours of approval. No collateral is required, and the process is fully digital, making this program a practical and accessible choice for spa and salon operators seeking to grow or stabilize their businesses.

Benefits of the Spa & Salon Financing Program program:

• Fast approval most applications processed within 24 hours
• Quick funding capital transferred in 2448 hours after approval
• Flexible repayments fixed or sales-linked variable options available
• No collateral required unsecured working capital
• Minimal documentation easy, online application
• Tailored for auto sector supports parts purchasing, payroll, tool/equipment upgrades, and shop expansion
• Supports seasonal fluctuations and variable cash flow
• Nationwide access available to auto businesses across Canada
• Ideal for shops needing fast capital without complex credit checks

Eligibility criteria of the Spa & Salon Financing Program program:

• Location: The Business must operate in Canada
• Eligible Businesses:
• Hair salons
• Barbershops
• Nail salons
• Day spas
• Massage therapy and esthetic studios
• Beauty clinics and cosmetic services
• Time in Business: Typically 3 to 6 months of active operations
• Monthly Revenue Requirement: Minimum of $10,000/month in gross sales
• Credit Requirements: Flexible; credit score is not the primary qualifying factor
• Required Documents:
• 3 to 6 months of business bank statements
• Government-issued photo ID
• Optional: Void cheque or direct deposit form
• Expectations: Business should show consistent cash flow and regular client activity to support repayment