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BTC STYLIST FORUM Salon Owner Coronavirus Discussion If it is mandatory for salons to close do you still charge booth renters? Reply To: If it is mandatory for salons to close do you still charge booth renters?

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Lisa Myers

Here are some recent funding initiatives now available to independent salon owners that will cover their expenses so they can remain in business without passing their burden onto the small boothrenter…

There is a SBA-backed loan program The Payroll Protection Program that provides small businesses with short-term forgiveness loans. You apply for them directly through your bank or credit union that your business is associated with.

In addition, there’s an Emergency Grant through SBA that provides up to $10,000. This is a grant that does not need to be paid back providing it is used on rent or mortgage payments for the salon building, payroll expenses or utility costs.

Also, independent salon business owners are now eligible to receive unemployment benefits including a boosted unemployment benefit under the CARES Act as of April 3rd.