Retail and hospitality firms gear up for Xmas
With summer now officially at an end, many hospitality businesses are starting to gear up for the Christmas party season, while retailers are preparing for their busiest time of year. Here at Ashley we are already seeing a sharp rise in demand for business finance from businesses looking to revamp their premises or buy in stock in time for the festive period.
“Around two in three firms rely on seasonal trade,” says Lisa Mayers of Ashley. “These businesses face particular challenges – coping with demand during peak periods, staying afloat during quiet times, and accessing finance as they are considered ‘too risky’ by many lenders.”
Ashley’s Business Cash Advance is a good option for seasonal firms, and offers funding of up to £100,000 with repayments in line with fluctuations in turnover, the company pays back a fixed percentage each time a customer pays on a credit or debit card and repayments can be arranged over a 6,9 or 12 month period to suit the client.
Lisa adds: “Many Ashley customers are seasonal businesses and we understand they need to keep off-peak commitments to a minimum. The Business Cash Advance has been designed specifically to meet their needs.”