Seasonal businesses understand that maintaining a healthy cash flow can be a unique challenge. These businesses typically rely on their popular season’s revenue to carry them through the year.
Put aside your worries for the slow seasons, and keep your cash flowing all year round with Allied Financial. Our team pulls out all the stops to help your business sustain an efficient cash flow along with providing the right resources to finance what your business needs. With a working capital line of credit, your financing can be perfectly tailored to the seasonality of the business while allowing you to borrow only when you need it. Unlike many lenders, Allied Financial does not have a minimum borrowing requirement so there is no obligation for you to borrow if you do not have a need for working capital.
During the off seasons, it can be difficult to foresee the money coming in. With these tips, you can rest easy knowing your cash flow is exactly where it should be.
Always Plan Ahead
Cash flow is a huge component of a surviving business; it’s the blood that keeps the heart of the company pumping. It’s crucial for small businesses to manage cash while planning for the future.
Monthly predictions won’t cut it. Small business owners should instead analyze annual forecasts for a more in-depth insight of the bigger picture to identify the peak and off-peak seasons. When you have a better understanding of the cash inflows and outflows, your business will have a better chance of succeeding for years to come.
Build a Cash Cushion
Having a sum of cash in savings is always best for the business. In case things go south or unexpected expenses come along, your business will always be financially prepared. However, this is not always practical; therefore, when having a satisfactory reserve is not a viable option, partnering with the right lender is a valuable alternative.
Set Up a Working Capital Line of Credit
A working capital line of credit will ensure your seasonal business always has the proper funds whenever you need it during the peak and the off-peak seasons. Whether you need funds for day-to-day expenses such as inventory purchases and payroll, or a large sum for an investment, you can have immediate access for flexible financing.
It’s important to work with a financial institution that has extensive experience in cash management. Allied Financial provides working capital lines of credit for diverse seasonal businesses to keep cash flow thriving throughout the year.
Contact Allied Financial for a Free Consultation
Do your seasonal business a favor, and contact Allied Financial to keep that cash flow moving during the peak and off-peak seasons. Our Atlanta office will set you up with a working capital line of credit that will help your small business grow to be a success.
Get started today by filling out an application or contact form if you have any questions about our services. Contact our team directly by calling 770-730-0101.