Everwick Lending Group, a small-business funding service in Pontiac, Michigan, explains salon business loans for Oakland County stylists, nail technicians and barbers: beauty salon loans, how to get a business loan for a salon, nail salon and barber shop loans, hair salon equipment and buying a salon, with County Business Patterns and Nonemployer Statistics figures.
At a glance
- Salon and barber employers, Oakland County, MI
542 (our sum: 447 beauty, 61 nail, 34 barber; CBP 2023)
- Salons and barbers without payroll
5,667 (our sum; Nonemployer Statistics 2024)
- Beauty salons with fewer than five employees
62.2% (CBP 2023)
Oakland County, MI salons and barbers in Census counts
| Business type | Employers (CBP 2023) | Employees | Annual payroll | Under 5 employees | Without payroll (NES 2024) |
|---|---|---|---|---|---|
| Beauty salons | 447 | 2,612 | $83.6 million | 62.2% | 3,779 |
| Nail salons | 61 | 202 | $5.9 million | 77.0% | 1,391 |
| Barber shops | 34 | 134 | $3.3 million | 64.7% | 497 |
The businesses without payroll far outnumber the employers in all three trades: 3,779 beauty salons, 1,391 nail salons and 497 barber shops ran without paid employees in 2024 (Census Bureau, Nonemployer Statistics 2024), a separate program from the employer counts. Booth renters and suite operators are among them.
Pontiac, MI Beauty Salon Loans
Beauty salon loans fund the chairs and stations, shampoo bowls and backbars, dryers, the reception area, and the plumbing and electrical work a salon build-out needs. Beauty salons with employees paid about $32,000 per employee in 2023 (our arithmetic from Census Bureau, County Business Patterns 2023), so payroll is a smaller part of the budget than in many trades, and the build-out is the larger one.
Loans for Beauty Salons: What Pontiac, MI Owners Should Know
Loans for beauty salons are read on card deposits and service revenue. A partner reads how steady the bookings are across the year, how much revenue comes from services against retail product, and whether stylists are employees or booth renters, because that changes both payroll and the business's income. A salon that rents chairs collects rent rather than service revenue for those chairs.
- Card processing and bank statements
- Booking or point-of-sale reports
- Booth rental agreements, if any
- Lease and build-out budget
Pontiac, MI Owners Ask: How to Get a Business Loan for a Salon?
- Write down the purpose: stations, a build-out, a second location or buying a salon.
- Get the vendor quote or the contractor's budget.
- Pull twelve months of business bank and card statements.
- List any existing equipment leases or advances.
- Dial (248) 301-1846 with the station count, or give the amount range on the request form.
A salon with card deposits flowing through its own business account gives a partner the clearest record to read.
Nail Salon Loan for Owners Around Pontiac, MI
Nail salons had 61 employer establishments in Oakland County in 2023, 77.0% of them with fewer than five employees, and 1,391 nail salons without payroll in 2024 (Census Bureau, County Business Patterns 2023; Census Bureau, Nonemployer Statistics 2024). A nail salon loan funds pedicure chairs with plumbing, manicure tables, ventilation and dust collection, and the build-out around them.
The nail salon financing article goes through stations, ventilation and suite funding in detail.
What to Know About a Barber Shop Loan in Oakland County, MI
Barber shops had 34 employers and 497 businesses without payroll in Oakland County (Census Bureau, County Business Patterns 2023 for 2023; Census Bureau, Nonemployer Statistics 2024 for 2024). A barber shop loan funds hydraulic chairs, stations, sterilization equipment and a shop build-out. Shops where barbers rent chairs read like small landlords to a partner: the chair rents are the steady income.
What to Know About Hair Salon Loans in Oakland County, MI
Hair salon loans for equipment run on equipment financing: the stations, chairs and dryers secure the loan. A remodel that moves plumbing or adds shampoo bowls is a build-out, funded with a term loan. Payroll and product orders between busy weeks are a working capital purpose.
Illustration only, invented figures: 6 styling stations at $3,800 each come to $22,800 (our arithmetic). In this invented example the salon adds shampoo units and dryers to the same vendor quote so one equipment request covers the whole floor.
Stylists, Lease and Client List: Buying an Oakland County, MI Salon
Buying a salon means buying its client list, its stylists' willingness to stay, its lease and its equipment. A term loan can fund the price; the partner reads the seller's returns and booking reports, the lease and the equipment's condition. Clients follow stylists, so ask which stylists plan to stay before setting a price.
- Seller's tax returns and booking reports
- Stylist and booth rental agreements
- Lease and assignment terms
- Equipment list with ages
Salon funding beside other Pontiac, MI trades
Gyms share the equipment-and-build-out pattern; see the gym business loans page. The Pontiac, MI business data page has the county's figures, and the industry pages cover the other trades.
By Everwick Lending Group · Updated