Seasonal businesses often face unique challenges when it comes to managing cash flow. During off-peak times, they may struggle to cover operational costs, while high-demand periods require significant investment in inventory, staffing, and marketing. According to a report by the National Retail Federation, seasonal sales accounted for nearly 20% of total annual retail sales in 2022, highlighting the importance of these businesses in the economy. Yet, 82% of small businesses experience cash flow issues. Working capital loans provide a lifeline to these businesses, enabling them to navigate financial fluctuations and…
Read MoreThe Role of Working Capital Loans in Seasonal Businesses
