Glossary
Predictable swings in revenue across the year.
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Predictable swings in revenue across the year.
Peaks and troughs repeat annually. Funders read a full year of statements to see how the business behaves across the cycle.
A known pattern is easier to underwrite than uncertainty.
A landscaper earns 70% of annual deposits between May and September.
Canada's climate makes many trades seasonal, and funders are used to it.
Reviewers look for seasonality by comparing months, and they read the off-season carefully. A seasonal file with a visible cash reserve built in the strong months and a plan for the slow ones looks very different from one that runs to zero each winter.
Seasonality is not a weakness. Most Canadian trades have it, and a predictable cycle is often easier to underwrite than flat but erratic revenue.
A twelve-column chart of monthly deposits makes seasonality obvious in seconds. Put it on one page, mark the peak and trough months and add one sentence on how you manage payroll in the trough. Reviewers value that clarity.
A predictable season is usually fine.
See the related guides and the comparison pages, or apply and ask.
No. It is educational information, and agreements vary.
Educational information only. It is not legal, tax or accounting advice.
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