Loans for Beauty Salons Looking Good!

The U.S. hair care services industry includes about 86,000 establishments (82,000 Beauty Salons; 4,000 barber shops) with combined annual revenue of about $20 billion, according to a 2014 report by the Small Business Development Center Network.

A typical salon, which occupies about 1,000 to 1,500 sq. ft. and is located in a mall or strip center, offers haircutting and styling, coloring, shampooing, and perms. Providing from 5 to 15 percent of revenue, hair care product sales are...