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.
MONEY AND FINANCE
Managing cash flow in a seasonal business
How to forecast production in your seasonal business
Get your step-by-step guide to purchasing a place of business so you can understand whether it’s the right move for your company, who can steer you through the process to avoid common pitfalls, and what you can do to budget, negotiate and finance your purchase effectively.