What is a seasonal payment or seasonal loan | BDC.ca
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Seasonal payment

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A seasonal payment (seasonal loan) is a loan that is repaid in keeping with a company’s seasonal cash flow.

Businesses in sectors like tourism, agriculture, hospitality and outdoor sports tend to have strongly seasonal business cycles. With seasonal payments, a tourism business will make smaller loan payments during its off-season months and larger payments during its high-season period.

A seasonal repayment schedule can be associated with many types of loans: Fixed-rate, floating-rate, demand and line of credit.

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