2 min read
Reading the annual cycle
A seasonal business — tourism, retail, agriculture — has predictable peaks and troughs. A lender looks across twelve months, sees the pattern, and checks the yearly turnover comfortably covers repayments even through the quiet season. A slow current month is expected, not alarming.
Structuring for the season
Borrowing ahead of the peak to fund stock, or keeping a cash buffer for the off-season, is exactly what many seasonal firms use finance for. The repayment should be set so the troughs are manageable. See seasonal income.
Applying
Show a full year to reveal the cycle and apply online.
Frequently asked questions
Should I wait until my busy season to apply?
Not necessarily. Lenders assess the full-year pattern, so you can apply in the quiet season if the annual figures support the repayments — indeed, borrowing ahead of the peak is common.
Will a quiet current month count against me?
No, for a clearly seasonal business. Lenders expect the trough and read across the whole year rather than judging you on one slow month.
Related reading
Can I get finance for a seasonal business?
Yes — seasonal businesses can absolutely get finance. Lenders are used to uneven trading, and several…
Read →Can I get finance with a seasonal income?
Yes — seasonal businesses can borrow, and good lenders assess the annual picture rather than a single quiet…
Read →Can I get a business loan if my income is irregular?
Yes — irregular income does not disqualify you; lenders average it and look at the underlying trend…
Read →
Business loans for seasonal businesses: how do they work?
A seasonal business can use finance to cover the quiet months and to stock up before the busy run — and a…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.