Working capital

Salon and spa working capital, funded in 24 hours.

Backbar Capital funds salon, spa and barbershop working capital from $10,000 to $2,000,000 over 3 to 18 months, with no minimum credit score, $15,000 a month in bank deposits, and 6 months in business. Offer in about four business hours. Money in 24. Repayment is a fixed daily or weekly ACH out of your operating account — never a percentage of your card sales or booking-app payouts.

Published criteria

What are the criteria?

Working capital — criteria

Amount
$10,000 – $2,000,000
Term
3 – 18 months
Typical approval size
75% – 150% of one month’s bank deposits
Minimum credit score
None
Minimum time in business
6 months
Minimum monthly deposits
$15,000
Documents
Application + 3 months of business bank statements (4 months if your year has a real slow season)
Repayment
Fixed daily (Mon–Fri) or weekly ACH. No split of card settlements, no holdback.
Collateral
None. Personal guarantee required.
Prepayment discount
Up to 30% of the remaining cost of funding at 30, 60, or 90 days
Offer
~4 business hours · Funding 24 hours
Underwritten
In-house by Backbar Capital

Figures on this page are representative, not an offer. See disclosures.

Use cases

What do salons and spas actually use working capital for?

Payroll and rent through January and February

The post-holiday dip hits almost every chair and treatment room at once. Clients stretch their six-week cycle to ten, gift-card redemptions replace cash bookings, and commission payroll is still due on Friday. Repaid out of spring and prom-season volume.

Typical: $25,000 to $150,000 · 6 to 12 months

A backbar and retail restock before the holidays

Color, lightener, extensions, retail product for the wall and gift-card inventory all get bought in October and sell through December. If this repeats every year, a line of credit is the cheaper structure.

Typical: $15,000 to $100,000

Something that stops service

A hydraulic chair bank, a water heater, a shampoo bowl plumbing failure, the HVAC in July, a laser handpiece. The repairs that close a room until they are paid for.

Typical: $10,000 to $60,000 · funded same day

A refresh between leases

New flooring, stations, lighting, a reception wall and a paint job. Revenue-adding work small enough that a term loan’s paperwork costs more time than the project is worth waiting for.

Typical: $40,000 to $250,000

A tax bill, a license renewal, or a landlord deadline

Cosmetology establishment licenses, sales tax on retail, a CAM reconciliation from the landlord. Deadlines that do not care what your February looked like.

Typical: $15,000 to $75,000

Hiring and onboarding ahead of the season

Guaranteed hourly for new stylists or injectors while they build a book, assistant wages, continuing-education and certification costs, recruiting fees.

Typical: $15,000 to $80,000
The numbers

What does a working capital advance cost?

A working capital advance is priced as a fixed total payback, not an interest rate. You will see three numbers before you sign: the amount funded, the total you repay, and the payment.

Pay it off inside the first 90 days and you keep up to 30% of the remaining cost. Pay it off inside the first 30 and the discount is at its largest.

Illustrative only. Your actual amount, cost and term are set by underwriting your file. Nothing on this page is an offer.

Read the full disclosures →

Representative file — $150,000 over 12 months

Amount funded
$150,000
Total payback
$190,500
Cost of funding
$40,500
Daily payment
$756 across 21 business days per month
Weekly payment
$3,664
Paid off in the first 30 days
You keep up to $12,150 of the remaining cost
Status
An illustration, not an offer
Underwriting

How do you read a salon’s bank statements?

We’re looking at five things, and it helps to know them before you send.

  1. Average daily balance. More important than your top line. A salon doing $45,000 a month that never dips under $5,000 is a stronger file than one doing $70,000 that lives at zero the day after payroll.
  2. Deposit count and consistency. A working salon deposits most days: card batches, booking-app payouts, cash drops. Twenty-plus deposit days a month reads as a busy floor.
  3. NSFs. Three or fewer in 90 days is normal in this industry and will not kill a file. Eight will.
  4. Your floor, not your average. We size the payment against your slowest month in the window, which is why owners with a real January should send four months, not three.
  5. Existing positions. If you have advances out, tell us up front. We’d rather structure around them than discover them — often with a term loan consolidation.
Structure

Daily or weekly?

Weekly

Suits a shop whose week lands Thursday through Saturday and goes quiet on Monday — one debit on Wednesday against a week of deposits.

Common for barbershops, blow-dry bars and salons that close Sunday and Monday.

Daily

Suits a seven-day spa or med spa with even bookings, and usually prices better than weekly for the same file.

Debits run on business days only. Weekends and bank holidays are skipped.

Ask for the one that matches your deposit rhythm. You pick at signing, not after. If the payment stops working later, call us and we re-term it — see responsible funding practice.

Published, not hidden

What a salon or spa needs to qualify.

Every number below is a real criterion. If you clear these, apply. If you don’t, call us and we’ll tell you what would change it.

Backbar Capital — salon, spa & beauty business funding eligibility
Minimum monthly revenue$15,000 in business bank deposits
Minimum time in business6 months
Minimum credit scoreNone for working capital or factoring. 600+ for a line of credit. 650+ for a term loan. 680+ for SBA.
Funding range$10,000 to $2,000,000 for working capital. Up to $5,000,000 for term loans, SBA, and factoring facilities.
Time to a real offerAbout 4 business hours on a complete file.
Time to funding24 hours. Same day if a clean file is signed before 11:00 AM ET.
Documents requiredApplication plus your 3 most recent months of business bank statements. 4 months if your business is seasonal.
Contract length2 pages.
RepaymentFixed daily or weekly ACH from your operating account. No split of your card settlements. No holdback percentage. No lockbox.
Prepayment discountUp to 30% off the remaining cost of funding when a working capital advance is paid off within the first 30, 60, or 90 days.
Cash services and cash tipsCounted when they are deposited. We underwrite bank deposits, not one processor’s feed.
Booking app or processorNone required. Vagaro, Square, Booksy, GlossGenius, Fresha, Mindbody, Boulevard, Phorest, Zenoti, or a cash drawer — it makes no difference to underwriting.
Booth rent and commissionBoth fine. Booth-rent income, commission payroll and a mixed floor are all normal here; we read the deposits, not the staffing model.
Beauty business types approvedHair salons, barbershops, nail salons, day spas, med spas and aesthetics clinics, lash and brow studios, waxing studios, massage and bodywork, tanning and body contouring, salon suites and suite landlords, blow-dry and braiding bars, tattoo and piercing studios, multi-location groups and franchises, booth renters, wellness and sauna studios, and retail-heavy salons.
Not requiredCollateral for working capital. A business plan. Tax returns under $500,000. A specific booking app. A minimum number of chairs, rooms or locations. Ownership of the building.
Open toU.S. businesses with a U.S. business bank account. All 50 states.
Check if you qualify →

Four minutes. Three bank statements. No credit impact to apply.

Straight answers

Working capital questions, answered.

Is a working capital advance a loan?

No. It is the purchase of a fixed amount of future receivables at a discount. There is no APR, no compounding, and no maturity-date balloon. You repay a fixed total amount through fixed daily or weekly ACH debits. See disclosures for the full description.

Can I get salon working capital with a 520 FICO?

Yes. Backbar Capital has no minimum credit score on working capital. We underwrite your business bank statements — average daily balance, deposit count, NSF pattern and your slowest month. Credit is reviewed but it is not a cutoff.

How much will my salon be approved for?

Working capital approvals generally land between 75% and 150% of one month’s bank deposits. A salon depositing $40,000 a month typically sees offers between $30,000 and $60,000, sized so the payment survives the slowest month in the statement window.

Will you take a second position?

We prefer to be first. If you have an open advance we will look at a consolidation or a re-term rather than stacking on top of you. Call before you take another position — the earlier you call, the more structure is available.

Do you hold back a percentage of my card sales or app payouts?

No. There is no split of your card settlements, no holdback on your Vagaro, Square or Booksy payouts, and no lockbox. Repayment is a fixed daily or weekly ACH out of your operating account, so you keep 100% of every service and retail sale as it settles.

Does booth rent count as revenue for an advance?

Yes, when it is deposited into the business account. Booth rent, commission-floor service revenue, retail and cash all count the same way because we underwrite the bank statement rather than one revenue stream.

How early can I pay it off?

Any time. A working capital advance paid off within the first 30, 60, or 90 days qualifies for a prepayment discount of up to 30% of the remaining cost of funding. The exact schedule is stated in your two-page contract.

No minimum FICO. $15,000 a month. Six months open.

If you clear those three lines, you qualify to apply. Four minutes and three bank statements gets you a real number in about four business hours.