As the owner of a small health and beauty business, you understand that there are several associated challenges. Perhaps you have a new location in mind, need to bring on some new employees, or want to launch a marketing campaign, whatever the reason, Driven has the capital solutions to help you reach your goals.
Canada has a thriving health and beauty industry that has been serving our communities for decades. Due to the diverse and inclusive environment that Canada offers, it is a popular site for health and beauty businesses. Operating a health and beauty business comes with some key responsibilities that can make or break your business. You must have a clean and inviting workplace, well-trained staff, and the proper equipment to treat your customers.
While being able to make people healthy and beautiful is wonderful, it has proven to be costly. That’s why it's important to have access to consistent funding. Driven offers health and beauty business loans of up to $300,000 with a variety of flexible payment options, providing entrepreneurs with the capital they need to build the best possible health and beauty experience. Our application process is quick and easy, allowing you to access the funding you require in as little as 24 hours.
You cannot operate a successful health and beauty business without the proper equipment. You’ll need to purchase the right tools such as hairdryers, combs and brushes, scissors and clippers, straighteners and rollers, etc. Additionally, you’ll need to purchase furniture, shelving, and makeup supplies. These kinds of supplies and equipment don’t come cheap. Use a health and beauty business loan to finance those purchases.
Depending on your location, rent may be one of your largest expenses as a small health and beauty business owner. You will also need to account for the cost of utilities such as energy and hydro, and other month-to-month fees such as phone and internet payments. A health and beauty business loan will allow you to allocate funds to ensure you are able to fulfill your bill payments each month.
Operating a health and beauty business in Canada requires you to have all the necessary business licenses and permits for you and your staff, such as a cosmetology license/certification. Additionally, you’ll need to purchase liability, property, and workers compensation insurance in the event that property is damaged or one of your employees is injured on the job.
Our all-digital credit application process is quick and easy and typically takes less than 10 minutes. We ask for basic information about you and your business. We ask you to securely connect your online banking information. And as soon as you're done, we'll tell you exactly how much you can borrow - all without hurting your credit score.
When your application is complete, you'll know exactly how much you can borrow, but only you know how much you actually need right now. Make individual draws from within your overall business loan limit, each with their own fixed fees and terms. All pricing is up front, with nothing hidden in the small print.
Choose the repayment schedule that makes sense for your business—from daily, weekly or bi-weekly payments, or pay early to save on interest. Borrow from $500 to $300,000 on 2, 3, 4, 6, 9, 12, 18 or 24 month terms, with absolutely no hidden fees.
If your business meets the following basic criteria, our all-digital application process will have us on the way to helping you in minutes.
Every day brings a different challenge and a different opportunity. At Thinking Capital, we're here with the funds you need when you need them, whether that's to seize the moment, to face down business calamities, or to bet on yourself as you take your business to the next level.