Small Business Case Study: Faces Hair and Skin

Faces Hair and Skin is an Edmonton based clinic offering skincare, laser treatments, injectables, and related aesthetic services. Operating under the supervision of a medical director, the clinic serves a client base that has grown steadily alongside rising demand for aesthetic treatments in the Alberta market.

As bookings increased, the clinic needed additional treatment machines to keep up with demand. Aesthetic equipment carries a significant price tag, and while equipment financing covered part of the purchase, the business needed capital to fund the down payment before the machine could be brought in.

The owner was also looking to move away from an existing equipment financing arrangement and wanted more flexibility in how the machines were paid down, rather than being locked into terms that no longer suited the business.

Merchant Growth provided financing to cover the down payment, allowing the clinic to acquire the equipment it needed without waiting to build up cash reserves.

The business returned to Merchant Growth a second time to consolidate existing equipment financing, giving the owner a clearer path to paying the machines down on terms that fit the clinic's cash flow.

With financing in place, Faces Hair and Skin:

•       Acquired new treatment equipment to expand service capacity
•       Served more clients and kept pace with growing demand
•       Consolidated existing equipment financing on more workable terms
•       Grew the business by approximately 50% over the past year

For more information, visit Merchant Growth.