Many businesses across the United States experience fluctuations in sales throughout the year. These companies are known to have seasonal business, a status that is determined by the type of product or service offered and the time of year in which that product or service is sought after by the general public.
If you’re running a seasonal business, cash flow lessens certain times of the year, but your business expenses do not. You need overhead to stock your inventory, hire seasonal personnel, and most importantly, keep the lights on. In addition, vendors require payment at the end of the season, when your working capital is significantly less.
The question is – how can your seasonal businesses remain profitable? The answer – seasonal business financing. These short-term business loans provide a number of benefits to seasonal businesses, including:
Whether you own a nursery or run a snow plowing operation, Liberty Financial can help you obtain the financial support your seasonal business needs. Contact us today for more information.