Seasonal Business: Should You Consider Refinancing?

Topics:
Working Capital
Tags:
Business Development,
Strategic Planning,
Person,
Operational Accounting,
Management,
Financial Accounting,
Financial,
Finance,
Business Development Bank Of Canada,
Strategy
Source:
Business Development Bank of Canada

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Overview: If a person has a seasonal business such as tourism or farming, the person may have difficulty meeting financial obligations during sluggish periods. Even though revenues may be decreasing, the person still has to pay for fixed costs. Refinancing a loan for variable monthly payments can help to better control the cash flow needs.

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