At this time of year, many small businesses are starting to think about gearing up in readiness for the next few months as we head towards one of the busiest times of the year – the Summer holiday period. Yet many plans require an injection of funds which may not be readily available at this time of year.
We all know that accessing funding from traditional sources can be challenging for small businesses, particularly those who are affected by any type of seasonality. That’s why we work with small business lending specialist, Prospa, because they understand the seasonality of different industries and know exactly how it impacts cash flow and growth plans.
They shared with us the story of Margaret who owns Fashion from Heaven, a mid- to high-end clothing boutique. Due to the very nature of the fashion industry, cash flow for Margaret’s business is affected by different selling seasons.
For Margaret, accessing business finance allowed her to employ more staff, freeing-up her time to work on the business, rather than in it. She can now spend more time researching new labels and liaising with wholesalers, improving her social media reach and thinking about what her business needs to continue to grow.
If you require some additional funds to grow your business, fund an opportunity or just support cash flow, click on the ‘Get started’ button to provide your details. Someone will call you right back for a quick chat to see if you have any questions, Then, if you’re comfortable to proceed, you will be guided through the application – it only takes about ten minutes.
The information on this website is provided for general information only and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from financial, legal and taxation advisers. Although every effort has been made to verify the accuracy of the information, we disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy, or omission from the information or any loss or damage suffered by any person directly or indirectly through relying on this information.