Typical funding range
$10,000 – $200,000 — that's the band most salons and spas in Texas fall into. Deals smaller than $10K are uncommon (the math rarely works for the funder). Deals over $250K typically require stronger profiles or collateral.
What funders look for
- Most funders require 12+ months operating
- Monthly revenue floor: $15,000 (gross processing volume preferred)
- Credit scores 550+ workable; sub-500 narrows funder pool
- Cash-tip patterns can underrepresent true revenue — provide salon-management software exports (Vagaro, Boulevard, Mindbody) as supplementary documentation
What to bring to the application
The faster you can ship these to a funder, the faster you close. Most underwriting decisions for salons and spas in Texas happen in 2–4 hours once docs are complete.
- Last 3-6 months of business bank statements
- Voided business check
- Driver's license for the majority owner
- Industry-specific documentation (licensing, certifications) if applicable
The math
A typical salons and spas deal in Texas lands at a factor rate between 1.25 and 1.42. On a $50,000 advance at 1.32, you'd repay $66,000 over 9–12 months — about $260–$305/day in ACH. Our factor rate calculator lets you plug in your own numbers.
Frequently asked questions
- Should a Texas salon take MCA or use Square Capital?
- If Square Capital offers you money, take it — it's typically the cheapest option (factor 1.10-1.35) and repayment scales with daily sales. If Square Capital didn't offer you anything, that's a signal: their algorithm reviewed your data and declined. Apply to Greenbox or Accord with realistic expectations on factor rate.
- Can a med spa with laser equipment qualify for MCA?
- Yes — and equipment financing for the laser itself is usually cheaper. A $100K laser financed over 60 months at 10% APR is materially cheaper than MCA at 1.30+ factor over 9 months. Use MCA for working capital, equipment financing for the asset.
- How do 1099 stylists affect MCA underwriting?
- Generalist underwriters see chunky 1099 payouts as irregular expense and may misread real bank patterns. Provide a 1-page note explaining your chair-rent vs commission-split model. Funders that understand the industry (Greenbox especially) accept the pattern.