16 Ways To Keep A Seasonal Business Financially Healthy Year-Round

October 4, 2022 by Forbes Finance Council

5. Leverage A Line Of Credit

Seasonal businesses can use a line of credit during leaner times, if necessary. This allows you to continue paying expenses while revenue is not as plentiful. Then, when revenue is back up, pay down the line of credit. The line of credit works as a great tool when smoothing out the highs and lows of revenue in a business. – Sheryl J. Moore, Wink, Inc.

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Originally Posted at Forbes on September 30, 2022 by Forbes Finance Council.