Whether your seasonal business fluctuations are caused by weather conditions, seasonal demand, the nature of your industry, or annual holidays, you’ve likely experienced the difficulty of properly managing your working capital throughout the year. Balancing your income variation with long-term financial planning and operational needs can be difficult, creating unnecessary stress on you and your business. Financing through altLINE can help you better manage your cash flow during off seasons and help you grow during peak seasons, giving you ability to seamlessly adapt to seasonal trends and changes.
It’s no secret that cash flow can shift quite a bit in a seasonal business, but how you manage your cash flow can help you thrive in peak seasons and be more confident in off seasons. Working with a factoring company like altLINE can help you bring on more staff and scale operations when business is booming and have working capital available to pay expenses during slower times.
Running a seasonal business comes with its ups and downs, so it’s important to be prepared for the unexpected. Whether you have a surprisingly good year due to a shift in demand or you experience a downturn because the weather isn’t quite what was expected, it is a good idea to have a plan in place to properly manage changes in your cash flow.
Factoring with altLINE gives you the flexibility to adapt to unexpected changes in your business performance. You can easily hire additional temp workers during abnormally strong seasons, or you can scale down your financing during unexpected drops. altLINE’s seasonal business funding puts the control back in your hands, so you can be confident during every planned and unplanned seasonal fluctuation.
As a bank factoring provider, we are federally regulated, meaning you will receive a more secure and transparent customer experience.
With a direct source of funds through our bank, altLINE can offer lower rates and no hidden fees, helping you factor more confidently.
Our team has decades of experience working with small and medium-sized businesses, so you can rest assured that your company is in good hands.
Our team of experts will work with you to create a custom and effective financing solution that fits your unique business needs and challenges.
You will receive a dedicated account manager who will help you manage your back office tasks, including collecting invoice payments.
Have a tight turnaround and need funding quickly? We have same day funding options that allow you to stress less when you need to make payments.
altLINE is highly rated by sites like Investopedia, FitSmallBusienss, and Fundera. Plus, we have an A+ rating by the BBB and nearly 5 stars on Trustpilot.
Our team of experts will perform credit checks on your customers, so you can feel more confident extending terms to your clients.
With a dedicated onboarding specialist, we make it easy for both you and your customers to transition into the new factoring process.
OneStop Recruiting experienced consistent cash flow issues, even after becoming a $1 million company in 2016. To accelerate growth and improve their accounts receivable process, they turned to altLINE.
Get answers to some of your top questions related to seasonal business funding. If you have a question that is not covered here, feel free to call one of our representatives at +1 (205) 607-0811.
Seasonal business funding is a type of business financing designed for companies that deal with seasonal fluctuations in cash flow and working capital. Seasonal businesses typically have peak seasons and off seasons, creating constantly changing working capital needs. Because of the ever-shifting working capital cycle, these companies need flexible, customizable funding solutions that allow them to easily adapt to shifts in seasonal demand.
Seasonal business funding includes of a variety of financing products, including invoice factoring, seasonal business loans, and business lines of credit. The product that is best for your business depends on your particular needs. For example, if you need a lump sum of cash to get you through the off season, a business loan may be the best option. However, if you need to be able to easily increase payroll as you hire new workers for the peak season, invoice factoring may be a better option as its flexibility allows you to scale your financing up and down, as needed.
There are many types of financing options available for seasonal businesses. We’ve overviewed some of the most common types below for you to consider:
Invoice factoring provides seasonal businesses with a scalable funding solution as many factoring companies allow businesses to alter how much of their ledger they’ll be factoring on a monthly basis. Seasonal businesses often have shifting working capital needs throughout the year, so the ability to routinely adjust how much of their ledger is factored is considered a huge benefit. For instance, a business may need to factor their entire sales ledger to keep up with their working capital needs during a busy period, but during off season months, they can scale back and factor only a portion of their ledger.
Healthy cash flow is the lifeblood of all businesses, and cash flow problems are often a sign of delayed customer payment or lengthy customer payment terms. We’ve put together a list of 5 causes of cash flow problems so that you can start improving your business’s financial health.
When it comes to your company’s finances, few practices are more important than working capital management. By understanding the definition of working capital management and effective working capital solutions, you can improve the financial stability of your business.
