Seasonality in business can be a concerning issue for many, with increasing numbers of ‘seasonal’ businesses putting necessary measures in place to avoid disruption from supply and demand fluctuation. In this infographic, we take a look at the scale of the seasonality problem, how it is impacting SMEs in particular, and how invoice finance can offer an invaluable short-term cashflow lifeline.
According to the infographic, 1 million SMEs face difficulties with late payment from customers. But how do seasonal business adjust? One in four UK businesses affected by seasonality make no preparations or advance arrangements to manage fluctuations.
The infographic illustrates a comparison between invoice finance and invoice trading. The factors that are taken into account are how much does it cost, is it flexible and how is the cost of finance determined.
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