The Benefits of Jade
Our approach to financing for beauty equipment is combined with a solid understanding of the beauty industry, ensuring that your business receives the best possible support in obtaining the equipment it needs.
Beauty Equipment Loans
Whether your business is focused on haircare, skincare, nail care, makeup, or laser – our extensive list of 80+ lenders can help you achieve your prospective equipment faster while enjoying low interest rates and flexible terms.
Why Jade Finance?
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The easy application process provides you with comprehensive information. Make a fully informed decision on your equipment loan.
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Equipment Loan Specialist
With over 25 years of experience in finance, we have a reputation for negotiating great rates with same-day approvals.
Introduction to Beauty Equipment Loans
Eager to expand your beauty business or upgrade its equipment? Our brokers have a range of financing products ready for action. Financing for beauty equipment is a solid choice for small and medium-sized businesses who wouldn’t otherwise be able to afford a specific piece of beauty equipment. This is because it stretches the payment out over a number of months or years, allowing a business to stay competitive and grow their operations without breaking the bank. Not to mention, financing also releases pressure from a business’s cash flow, enabling them to maintain adequate working capital for other operational expenses while still investing in necessary equipment.
By providing the means to invest in cutting-edge equipment, beauty salon equipment loans help beauty professionals deliver high-quality services, enhance customer satisfaction, and ultimately achieve long-term success in the industry. By reaching out to our expert Jade Finance brokers, you’ll be on your way to boosting your company’s success and appeal.
Beauty Salon Equipment Loans
Choosing us for your beauty equipment loan comes with a number of benefits including highly competitive interest rates, flexible repayment terms, and tailored loan solutions.
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Competitive interest rates
One of the major draw cards you’ll receive when you choose us for your beauty salon equipment loans is access to competitive interest rates. We work with a wide network of lenders to find the absolute best rate for our clients. Ensuring businesses in the beauty industry can secure financing at an affordable rate, we help to reduce your overall cost of borrowing.
Flexible repayment terms
At Jade, our brokers understand each beauty business is unique. Which is why we offer flexible repayment terms that can be tailored to suit the specific circumstances of each client. Need a short term loan? Or a long term solution? Whatever your requirements, our highly trained brokers can structure your loan to fit your budget and operational requirements.
A Large Variety of Options
A variety of beauty equipment can be financed via our numerous loan solutions offered by the 80+ lenders and banks we are accredited with. Investing in beauty equipment is a necessity for the growth and success of beauty salons, spas, and clinics. Our brokers have a large variety of financing options on offer as well as a wealth of advice to ensure you make the most informed decision for your business goals.
Tailored loan solutions
When it comes to lending, our brokers know that one size does not fit all. That’s why, when you come to us for your loan, you can trust it will be tailored to your specific financial needs. From the first point of contact through to settlement, you’ll deal with the same broker so you can be sure your wants and needs are being listened to and understood. Find a product that aligns with your goals and financial reality via our highly experienced brokers who understand the unique challenges and opportunities within the beauty industry.
Types of Financing for Beauty Equipment
Beauty equipment that you may choose to finance through our reputable brokerage include:
- Salon chairs
- Laser machines
- Skincare devices
- Hair care equipment
- Nail care and Spa equipment
- Makeup equipment
Equipment finance guides and resources
Our guides offer quick comparisons and simple explainers to help you work through the financing process with confidence.
Equipment Finance
Specialised Equipment Finance
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Beauty Equipment Financing Options
At Jade, we have a variety of financing plans available to ensure you secure the best product for your needs.
By discussing the options with your dedicated broker, you’ll be able to determine the best loan product to secure your desired beauty equipment.
- Leasing – allows businesses to use the equipment for a fixed period while making regular payments.
- Hire Purchase – similar to leasing, but with the option to purchase the equipment at the end of the term by paying a final instalment.
- Equipment Loan – traditional loans specifically tailored for purchasing beauty equipment.
- Line of Credit – a flexible financing option where businesses can withdraw funds up to a predetermined limit as needed.
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Our Eligibility Criteria and Application Process
To qualify for beauty business financing with Jade, you’ll need to meet the following criteria:
| Business registration | Must be a registered business entity. |
| Operational history | Minimum operational history of 6 months to 2 years, depending on the specific loan product, to demonstrate business stability. |
| Credit score | Have a satisfactory credit score, which will vary based on the loan amount and terms. |
| Financial statements | Submission of recent financial statements, like income statements, balance sheets, cash flow statements etc. to show the financial health of the business. |
| Business plan | Have a detailed business plan outlining the intended use of the loan, the expected benefits, and repayment strategy. |
| Collateral | Some beauty equipment loans will require collateral to secure the financing. |
At our reputable brokerage, we make the loan application process as straightforward and efficient as possible. It involves a 7-step process, for which we do the legwork while you get on with other things.
- Initial consultation
To get the entire process rolling, schedule a consultation online or by phone with one of our hard-working and dedicated brokers to discuss your financing needs and explore the available options. - Pre-qualification
For prequalification, your personal broker will gather basic information about you business such as its financial status and the type of equipment you wish to finance. The documents required at this step may include your estimated loan amount and the intended use of it. - Loan Application
You’ll then complete the formal loan application with your broker which will include your business information, financial statements, credit history, and business plan. - Document Submission
Your financial statements, tax returns, business registration documents, and any other relevant paperwork will be required at this step. You’ll upload the relevant documents via the Jade Finance online portal or submit them in person. - Credit and Financial Assessment
Your chosen lender will perform a credit and financial assessment to determine your eligibility and determine the loan terms. - Loan Offer and Agreement
If you are approved for a loan, the lender will provide an offer detailing the terms and conditions including interest rates, the repayment schedule, and any collateral requirements. You will then be required to carefully review the loan offer and sign the agreement if you accept the terms. - Funds Disbursement
Once the agreement is signed, the lender will disburse the loan funds into your account, enabling you to purchase the required beauty equipment.
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THE INTEREST RATE IS CALCULATED ON A SECURED LOAN PREDOMINATELY FOR BUSINESS USE, EFFECTIVE 15/11/2024 AND SUBJECT TO CHANGE. WARNING: THE INTEREST RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT INTEREST RATE.
We work harder to secure the best rates.
Beauty Equipment Loan FAQs
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Financing through our highly regarded brokerage will provide you with competitive interest rates, flexible repayment terms, and tailored loan solutions. Our specialised approach caters to the needs of beauty salons and clinics, ensuring that they can access the latest tools without breaking the bank. Additionally, we provide personalised support and expert advice, making the financing process smooth and efficient.
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To achieve a beauty equipment loan from Jade, your business will need to meet several criteria:
- Be a registered business entity
- Have a minimum operational history of 6 months to 2 years
- Have a satisfactory credit score (dependent on the loan amount and terms)
- Be able to provide recent financial statements
- Provide a detailed business plan outlining the loan’s intended use and repayment strategy.
- Some loans may also require collateral.
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Applying for a beauty equipment loan with Jade is simple. You’ll start with an initial consultation with your own personal broker to discuss your financing needs, then complete a pre qualification by providing basic business information. Following this, you will submit a formal loan application with detailed financial statements and a business plan.
Afterwards, your chosen lender will review your credit and financial status before presenting a loan offer. Once you receive your loan offer and terms, you’ll be required to review it carefully and accept and sign the agreement. The funds will then be dispersed into your account. -
Our extensive list of lenders provide financing for a wide range of beauty equipment. This can include salon chairs, laser machines, skincare devices, hair care tools, nail care equipment, spa equipment, and makeup equipment. Financing these high cost items can enable your business to expand its service offerings, attract more clients, and increase revenue.
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At Jade, we are known for our highly competitive interest rates and flexible loan terms tailored to the specific needs of businesses and individual borrowers. While we secure the lowest interest rates possible, they are also determined by a borrower’s creditworthiness and the loan amount required. Our brokers are committed to helping businesses manage their finances effectively while acquiring the equipment they need, by customising loan terms to have short or long-term repayment plans.
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Your credit score can significantly impact your ability to secure a beauty equipment loan. Higher credit score will typically lead to better loan terms, including lower interest rates and more favourable repayment options. Our extensive list of 80+ lenders also consider various factors in their decision including business performance and financial health, ensuring that even those with less-than-perfect credit can access financing.
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The lenders we are accredited with offer a variety of flexible repayment options for beauty equipment loans. These options can include fixed monthly payments, seasonal payment plans, and the possibility of deferred payments. These options are designed to assist the unique cash flow patterns of beauty businesses.
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Yes, there are options available for upgrading your beauty equipment during the loan term. If your business wants to stay current with the latest technology or expand its service offerings, you can discuss refinancing or modifying your existing loan with your lender. This flexibility enables business to grow and evolve without being constrained by outdated equipment.