Festive Finance: Supporting Your Business Over the Christmas Period

Managing business cash flow throughout the festive season can be tricky for businesses, often leading to senior staff working during the Christmas break. As a business owner with a family, you might be feeling the pressure from both your work and your home life, but anyone with little ones and loved ones will know – the best gift you can give them is simply being present.

Last year, it was revealed that more than half of SME owners planned to work on Christmas Day, with the most common concern being how they would stay afloat during the cost of living crisis. Other SME owners often find themselves anxious about ensuring everything keeps ticking over and insisting on working throughout to avoid the stress of unanswered emails, unpaid invoices and unhappy customers in the new year. However, we’re here to remind you that it doesn’t have to be that way. Christmas should be reserved as your precious time to spend with family and friends, perhaps with a tipple in hand as you reflect on your 2024 business cashflow successes. To help you do exactly that, our financial services can act as a helping hand.

Get extra funding for your Christmas break

Securing additional funding for the festive period will not only allow you to step away and relax, but it will also provide a welcome influx of working capital to see you through any tricky spots the new year might bring. Whether you’re concerned about bad weather, staff sickness or reduced consumer activity in the post-Christmas slump, our range of flexible funding options designed specifically for SMEs can put you at ease.

Here are just some of the things we’ve been able to help our clients with over Christmas:

• Seasonal Stocking Up: We have assisted SMEs across many sectors secure extra inventory for the holiday rush, in turn boosting their sales and ensuring a seamless transition into the new year.
• Business Cash Flow Crunch: High-demand periods can make for tight business cash flow, which is why our working capital loans have often acted as an essential safety net.
• Hiring Seasonal Staff: Temporary hires are so much more than that – we’ve enabled our clients to keep up the annual traditions that bring people joy and ensure they get their gifts on time. Additional funding can help make many people’s Christmas magic.
• Marketing and Promotions: Many of our clients have an important message to share at this time of year, and we’ve helped them share it by bolstering their efforts.
• Inventory and Supplies: Forget the stress and strain of securing the materials and products you need with an injection of funds to tide you over.
• Preparations for New Year: Got big ideas for 2025? There’s nothing we love more than helping companies start the new year strong by funding strategic initiatives.

What types of funding is my business eligible for?

If you’ve worked hard all year to better your business, you deserve to down tools and cosy up in front of a Christmas classic with those you love most. To take the pressure off and allow you to do so, there are a range of finance options available to you, each with different criteria and eligibility. Examples include Working Capital Loans, which require you to have been trading for at least 3 years, have a track record of profitability and only need cash as a short-term solution. Alternatively, if 2025 is the year you want to kick off an exciting growth project, you might want to consider a Business Development Loan, which demands similar criteria except you must use the funds for growth.

If you’ve got loose ends and unpaid invoices to follow up on, our invoice finance service could be your ideal solution. Rather than being distracted over your time off, or wasting hours chasing payments, you can hand the unpaid invoices over to us and we’ll do the legwork for you for a manageable fee. Not only will this free up cash, but it also does away with the stress and frustration of unpaid invoices.

If you’re not quite sure what business cash flow you need, our 5-year award-winning 5/5 Feefo rating should tell you that our advisors are on hand to help, understand your business needs and are devoted to finding the right fit for you.

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If you are looking to find the right finance for your business, contact us today.

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