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Build Your Fantastic Sams Franchise Empire with The Bancorp Bank Financing

A unique partnership enables you to grow and scale your hair salon franchise opportunity faster than ever before

When it comes to opening a new business, one of the biggest obstacles entrepreneurs face is finding the financing to get their business off the ground. Fantastic Sams and The Bancorp Bank have removed that obstacle through a unique partnership that positions our hair salon franchise for explosive growth.

“Working with The Bancorp Bank, we’ve created a financing program unlike anything else in the hair salon industry,” says Don Welsh, franchise consultant for Fantastic Sams. “You can obtain financing for your salon as a normal part of the franchise application process, without having to submit extra paperwork or duplicating financial disclosures. This saves weeks, even months, of waiting on bank approvals and verifications, and that means you’re up and running, generating revenue and growing your business faster than you would be through other financing means.”


Fantastic Sams is the original no-appointment, full-service salon for the whole family. Since 1976, our franchise owners have provided clients a trendy cut and style, a shampoo, and a whole slate of salon experiences that always includes the latest innovations in hair design and care. With more than 1,100 Fantastic Sams locations worldwide, we’re a leader in the haircut franchise industry, and we’re experiencing a wave of historic expansion. Locations are available across the U.S., and the initial cost of owning your own Fantastic Sams salon starts at just $145,362, which, when coupled with our industry-leading financing opportunity, makes entering the $75 billion beauty industry a remarkably affordable proposition.

Here’s how the financing program works.

The Bancorp Bank has committed up to $50 million in easy-to-obtain loans that they are making available to new and existing franchise owners to open and grow their businesses. With just 15% down, new owners can leverage their own cash while The Bancorp Bank provides working capital financing for all salon startup costs. Franchisees make their application at the point of franchise purchase, eliminating unnecessary paperwork and asset exploration, cutting down the time between decision and grand opening. This financing opportunity also allows franchise owners to borrow initial operating and working capital, providing a solid capital foundation for future growth.

“The bar to qualify for this financing isn’t outrageous, either,” Don says. “Approval starts with a credit rating of about 640, and the money funds relatively quickly. This allows us to move faster than other franchise systems to get real estate secured, construction under way and training completed.”

Converting from a single-unit franchise to a multi-unit operation is equally easy through the partnership. The Bancorp Bank’s 85/15 financing is for the first unit, and additional unit financing is fixed at a 90/10 ratio, which means both existing and new franchise owners can open that second, third, or even tenth unit using bank lending in support of their growth plans.

“As your operation begins to scale up, chances are you’ll see efficiencies developing, and per-unit savings can begin to emerge,” Don says. “Any capital savings you amass on your third unit can be used to reduce debt for that fourth unit, and so on. It’s an opportunity that, as far as I know, is unique to Fantastic Sams.”

fantastic sams salon franchise

The Bancorp Bank worked with Fantastic Sams to build this program in part because they believe in the strength of our hair salon franchise and the potential for future growth and long-term sustainability. Don puts it another way.

“They’ve committed $50 million of their money to this program, and from a business perspective that’s an awfully big validator of the direction Fantastic Sams is headed in,” he says.

Learn more about the Fantastic Sams franchise opportunity

Wealth is not a prerequisite for owning a salon franchise. You can join the Fantastic Sams franchise family for an initial investment beginning at just over $150,000. Qualified franchisees can take part in this affordable financing program, as well, as they look to secure 3-, 5- or even 10-unit franchise packages.

For in-depth details about the Fantastic Sams franchise opportunity, download our free franchise report. You can also learn more by visiting our research pages.