A Note From Lauren

One of my favourite questions to ask when offering merchants cash advances is always about the seasonality of businesses. By knowing this information I can learn how to price the merchant and tailor the business financing program to their needs at that specific time in their business cycle. I am always surprised when a merchant tells me their business is not seasonal. Obviously businesses such as gas stations and convenience stores stay pretty consistent but majority of the businesses I speak with have their high and low seasons.

Like Peter has mentioned previously in this merchant cash advance blog, it is because of these peaks and valleys in Canadian Seasonal businesses that it is so important to have Merchant Funding as a Canadian business loan alternative. I personally believe that having a repayment as a percent of a business’ sales is the primary benefit of having a Merchant Cash Advance. How can it not be beneficial to pay back less on your slower months and more when your business is peaking and cash flow is not a problem. This type of repayment cannot be found with any other form of Canadian business financing. If your business is seasonal and you need financing for your business then a Merchant Cash Advance is your best alternative.