Is 0% finance the new payment option in hair & beauty salons?

A recent article in the Creative Head magazine talks about 0% salon finance as a possible option for hair and beauty salons.

Very similar to financing a car, you make your purchase, then set up a payment plan and arrange with the bank to repay the balance over a period of months. But could this work for hair & beauty salons?

If you struggle to make payments with a car you are then at risk of the car being taken away from you, however unlike a hair service you can’t retrieve that back. So, how would it work?

0% salon finance

Do you know salons that are doing this already? Has it been a huge success of a massive headache?

We would love to know your views and opinions on this, do you feel you could implement this and work it to suit your salon business?