Wherein a hairdresser may arrange loans? (5)

I believe the answer is:

salon

I'm a little stuck... Click here to teach me more about this clue!

'wherein a hairdresser' is the definition.
I can't judge whether this defines the answer.

'arrange loans?' is the wordplay.
'arrange' indicates anagramming the letters.
'loans' is an anagram of 'SALON'.

'may' is the link.

Can you help me to learn more?

(Other definitions for salon that I've seen before include "Hairdresser's premises" , "Place of business for eg beautician" , "Drawing-room" , "Hairdresser's establishment" , "Parisian art exhibition" .)

I've seen this clue in the Evening Standard.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.