Understanding seasonal sales
When a business experiences highly seasonal trade, finding a lender that is able to see past the seasonal variations can be a challenge. At Hilton-Baird Financial Solutions, we specialise in matching businesses with funding partners that understand their business and its requirements.
A wholesaler of fishing tackle required a funding boost to be able to purchase next season’s stock. When they approached their current loan provider for additional borrowing, however, their direct application wasn’t successful as they’d approached a lender who wasn’t comfortable with seasonal trade.
Understandably this resulted in concern that their business funding options were more limited than originally thought. However, this wasn’t the case, they’d simply approached the wrong lender.
With the aid of the Hilton-Baird team, the business was able to quickly access a multitude of funders who understood the dynamics of their seasonal business – which included some names the client hadn’t even heard of.
After considering the options and structures available, the client opted for the funder which not only fully understood their business and its trading cycles but was also able to lend them the funds required at a competitive rate.
Equipped with their funding facility, the company has been able to buy new stock for the season ahead and move their business forward.
To benefit from the support of our expert team and evaluate the options available to your business, contact us today on 0800 9774833 or info@hiltonbaird.co.uk to see how we could help. Alternatively, get an instant quote now to see how much you might be able to access.
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