Step into any shopping mall these days and you’ll realise that beauty salons offering hair and nail services have become almost ubiquitous. Each one of them offering almost the same services at highly competitive rates. At SBL Singapore, we understand the pressure and costs required to stand out and remain competitive in such a saturated industry, which is why we are here to help.
Take Ms Eleanor Tan for example. She used to provide home-based nail services as a side job, where she could put her hobby into good use. Apart from having taken up nail courses, she also had some experience in professional hair styling. Three years later, after having amassed a steady flow of recurring customers, she decided to take a leap of faith. She quit her full time job as an administrative manager to open a full-fledged beauty salon offering beauty services like manicure and pedicure, hairstyling, eyebrow embroidery and skincare services. In doing so, she required a sum of money for equipment, manpower and advertising costs, on top of her savings. This was where SBL’s services came in handy. With SBL’s timely financial help, Ms Tan has solidified her growing business and is looking at expanding her business in the following years to come.
With SBL Singapore’s financing, we can help you:
- Buy or lease equipment(s)
- Purchase inventory or supplies
- Rent space or remodel
- Create and execute a marketing campaign
- Hire and train staff
- Secure the licenses and other permits you may need
Launched in February 2018, SBL Singapore aims to provide financial assistance to all companies including those in the beauty industries. We also gather mentors in related fields through our Coach-and-Go programme for our clients to attain more information and knowledge on business management. Our objective is to help local Singapore brands grow and enter the overseas market.
With a Beauty / Nail / Hair / Eyebrow / Spa Salon Business Loan, you pay for an inexpensive and reasonable rate of interest on monthly repayments, ensuring that you have enough capital to remain competitive and grow your business. In addition to funding, you will also obtain the mentor-ship and operation assistance that you require.
Max Loan Amount$1,000,000
Min Years to Qualify0.5
Min. Annual Turnover< $100,000