“Peak season can mean a boom in business for many companies, but it’s important to prepare for all production scenarios. Invoices and holiday wages still need to be paid, even if stock doesn’t move as quickly as expected,” says Daniel Goldberg, co-founder of Bridgement.
Goldberg offers some advice to SME owners to get the most out of the holiday period:
“The holiday season can bring a number of unexpected expenses and a general increase in spending to your business, which puts further strain on your balance sheet. Unlike bank loans, which can take weeks to process, invoice financing is a viable option to support your business during your busiest period,” says Goldberg.