How we picked
Filtered to lenders that fund salons/spas. POS-embedded options ranked highest given the vertical's card-volume concentration.
Top picks at a glance
| Lender | Best for | Amount | Speed | Min credit | Action |
|---|---|---|---|---|---|
| Square Capital | Best for Square-using salons | $300 – $250,000 | Funds as soon as next business day | No FICO pull — Square underwrites entirely against your Square sales history | Apply → |
| Clover Capital (Fiserv) | Best for Clover-using salons | $500 – $1,000,000 | Funding in 1 – 3 business days | No FICO check — uses Clover sales history | Apply → |
| Credibly | Best general MCA for non-POS-embedded salons | $5K – $600K | As fast as 4 hours | 550+ | Apply → |
| Greenbox Capital | Best for credit-recovering operators (500+) | $5K – $250K (MCA); other products vary | 24 – 48 hours | Flexible — accepts down to 500 on some programs | Apply → |
| Beacon Funding | Best for salon equipment financing | $5,000 – $1,000,000 | Funding in 1 – 5 business days | 550+ | Apply → |
Advertiser disclosure: Fundnode may earn referral fees from funders listed on this page when you apply through us. This does not affect editorial rankings — see our methodology.
Detailed reviews — our 5 picks
#1 · Best for Square-using salons
Square Capital
Max amount
$250,000
Cost
Single fixed fee (typically 10 – 16% of loan amount)
Speed
Funds as soon as next business day
Min credit
No FICO pull — Square underwrites entirely against your Square sales history
Why we picked it
Most salons use Square for booking + payments. Pre-qualified offers in Square dashboard. No FICO check. Single fee 5-14%.
The strength
Most merchant-friendly headline structure in the industry: one fixed fee, no APR equivalents, no daily/weekly debits — repayment is a flat percentage of daily Square card sales until paid off. Eligibility check appears in your Square dashboard with no application. Approval typically arrives in minutes.
The watch-out
Square chooses who they offer to — you can't apply if Square doesn't surface an offer. Loan amount usually caps at ~1.4× monthly Square sales. The single fixed fee on a 9-month payback typically works out to 30–60% APR-equivalent, similar to mid-tier MCA. Only available to active Square sellers — if you stop processing, repayment converts to fixed daily debits.
Qualifications
12 months
$10,000+ in Square card sales typical floor for meaningful offers
No FICO pull — Square underwrites entirely against your Square sales history
#2 · Best for Clover-using salons
Clover Capital (Fiserv)
Max amount
$1,000,000
Cost
Single fixed fee disclosed at offer (10 – 16%)
Speed
Funding in 1 – 3 business days
Min credit
No FICO check — uses Clover sales history
Why we picked it
Clover POS is common in salons. Pre-qualified offers in Clover dashboard. Single fee structure.
The strength
Embedded in Clover dashboard (Fiserv-owned POS platform). Single fee structure like Square Capital. Repayment as percentage of daily Clover card sales. Strong fit for Clover-equipped restaurants, retail, salons.
The watch-out
Only available to Clover POS merchants. Eligibility controlled by Clover/Fiserv — can't apply. Less brand recognition than Toast Capital or Square Capital.
Qualifications
6 months
Clover processing volume drives offers
No FICO check — uses Clover sales history
#3 · Best general MCA for non-POS-embedded salons
Credibly
Max amount
$600K
Cost
Factor 1.11+ (MCA)
Speed
As fast as 4 hours
Min credit
550+
Why we picked it
550+ credit, 6+ months TIB. Multi-product means working capital + equipment + LOC options. Industry-friendly.
The strength
March 2026 API V2 + Cloudsquare integration — most modern submission UX in MCA. $3B+ deployed, 60K+ SMBs. Publishes factor rates honestly (starting 1.11 for A-paper).
The watch-out
The 1.11 headline is the A-paper floor; average factor is closer to 1.32. ISO commission terms aren't public.
Qualifications
6 months
$15,000
550+
#4 · Best for credit-recovering operators (500+)
Greenbox Capital
Max amount
$250K (MCA); other products vary
Cost
Factor varies
Speed
24 – 48 hours
Min credit
Flexible — accepts down to 500 on some programs
Why we picked it
Lowest credit floor for beauty industry. Will fund newer salons (6+ months).
The strength
Five products under one roof: MCA, invoice factoring, equipment financing, collateral loans, LOC. White-label contracts let brokers run the deal under their own brand. Priority 1 status for new ISOs.
The watch-out
$250K MCA cap is below competitors. Marketing tilts broker-friendly more than merchant-transparent.
Qualifications
6 months
$15,000
Flexible — accepts down to 500 on some programs
#5 · Best for salon equipment financing
Beacon Funding
Max amount
$1,000,000
Cost
APR 8 – 25%
Speed
Funding in 1 – 5 business days
Min credit
550+
Why we picked it
Will finance specialty equipment (styling chairs, hair-washing units, pedicure thrones, massage tables) other equipment lenders decline.
The strength
Equipment financing with broader industry acceptance than larger competitors. Will fund specialty equipment (food trucks, photography gear, fitness equipment, salon equipment). Lower credit threshold (550+).
The watch-out
Higher rates than bank equipment financing for prime credit. Smaller deal cap. Industry specialization can mean less depth in any single vertical.
Qualifications
12 months
$10,000+
550+
Frequently asked questions
- Can I finance a new salon with no operating history?
- Hard but possible. Beacon Funding for equipment with 25-30% down. Kiva microloans for $1-15K at 0% interest. SBA microloans via CDFI (Accion) for $10-50K. Avoid MCAs at zero history — they're priced for risk you can't absorb pre-revenue.
- What's the best loan for a hair salon expansion?
- Square Capital if you use Square POS (fast, no FICO check). Live Oak SBA 7(a) for $250K+ expansion if you can wait 60 days. Credibly for fast non-POS working capital.
- Will Toast Capital fund a salon?
- No — Toast is restaurant-only. Square Capital and Clover Capital are the POS-embedded options for salons.
- How much can I borrow as a 12-month-old salon doing $20K/mo?
- Square Capital: probably $10K-$50K based on Square sales history. Greenbox: $10K-$30K MCA. Credibly: $20K-$75K MCA + LOC options. Match yourself at /match.
Related reading
Methodology. Rankings on Fundnode are editorial — we filter our database of 100 funders against the specific use case for this page, then rank by qualifying criteria (transparency, speed, contract terms, customer experience signals). We earn referral fees from some funders when merchants apply via Fundnode; ranking is independent of fee structure. Updated 2026-06-24.