Spa Finance
After years of working with business owners one industry stands out: Spas. Spas are excellent candidates for small business financing since capital requests are often driven by predictable events such as:
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Expansion, renovation or a second location
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Trend-driven equipment like hydrotherapy tubs, cryotherapy chambers and saunas
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The need to smooth seasonal cash flow fluctuations inherent in the wellness industry
Our typical clients range from sole practitioners with sales of approximately $120,000 to larger operations with up to 15 employees and sales exceeding $1M. If you’re looking for another perspective on how to grow your business, let’s chat.
Second Location
An Ontario based spa came to us looking for expansion capital for a second location. We were able to secure $150,000 for the owner; who now has locations in Toronto and Ottawa
New Equipment
A spa in Alberta had the opportunity to acquire the assets of another spa that was shutting down. We were able to move quickly and secure the deal, leading to an immediate boost in cash flow
Seasonal Cashflow
We regularly have clients approach us for capital in the summer and just into the new year - when business is seasonally slow