In the ever-changing landscape of business, seasonal fluctuations can be a constant worry, especially for small to medium-sized businesses (SMEs). Cashflow, inventory management, staffing, and overall business stability are just a few of the potential issues that seasonality can propose to businesses. However, a strategic approach to these challenges can transform them into opportunities for growth and sustainability. One such strategy is refinancing.
In this blog, we’ll explore how refinancing can be a game-changer for businesses dealing with seasonality and tackle those concerns about going into the new year with a strained cashflow for the year ahead.
Understanding the impact of seasonality
Seasonality refers to changes in business activity throughout the year. These changes can be due to various factors like holidays, weather changes, or industry-specific cycles.
Time Finance plc (LON:TIME) is an AIM-listed business specialising in the provision or arrangement of funding solutions to UK businesses seeking to access the finance they need to realise their growth plans. Time Finance can fund businesses or arrange funding with their trusted partners through Asset Finance, Invoice Finance, Business Loans, Vehicle Finance or Asset Based Lending.
