Why summer is the right time to plan your funding

Getting ahead now could save delays when everyone is back in September

Every summer sees a lull in business as people head off on holiday. That can make it tempting to put funding plans on hold until September. In reality, now is often the best time to get the wheels in motion. A little preparation before everyone disappears could mean shaving weeks off waiting times when everyone is back from the beach.

Starting the conversation before summer gives everyone more time to prepare and keeps things moving while people are still available.

What should you be considering before the summer holidays?

Ask yourself whether you’ll need funding later this year. Are you planning to recruit, buy equipment, take on larger contracts or invest in stock ahead of the autumn? If the answer is yes, now is the ideal time to begin exploring your options. You don’t need to complete a deal before your holiday but you can make a valuable head start.

What information can businesses prepare now?

One of the easiest ways to save time is by getting your information together early.  Recent management accounts, bank statements, forecasts and details of any existing borrowing are often enough to begin meaningful discussions with lenders.  Having these ready means your application can move much more quickly once everyone returns. 

Why does lender appetite still matter over summer?

Lenders’ priorities continue to change throughout the year. Some are actively looking to grow in particular sectors or increase lending volumes while others may be more selective. Speaking to a broker early helps identify where the strongest appetite sits and avoids spending time approaching lenders that may not be the right fit.

What happens when businesses wait until September?

September is traditionally one of the busiest periods of the year. Businesses return from holiday ready to press ahead with new projects, meaning lenders often receive a much higher volume of applications.  Waiting until then can simply mean joining a longer queue. Starting the process now often means funding is ready when it’s needed rather than several weeks later.

Can businesses still secure urgent funding during the holiday season?

Yes. Good opportunities don’t disappear simply because it’s summer. Urgent funding is still available, particularly where businesses are well prepared and the right information is available from the outset. The smoother the application, the easier it is for lenders to keep deals moving while key people are away.

Which funding needs are worth planning for now?

Summer can be a good time to review more than one requirement. Businesses may be looking at:

• Working capital for autumn trading
• Stock purchases ahead of busier periods
• Equipment investment
• VAT or tax liabilities
• Refinancing existing borrowing
• Funding for acquisitions or expansion

Even if funding isn’t required immediately, early planning often creates more options. 

How can Evolve help get things moving?

Our role is to help businesses prepare before funding becomes urgent. We spend time understanding what you’re trying to achieve, identify the most suitable lenders and make sure your application is presented clearly from the start. That means when September arrives, you’re already well on your way rather than just beginning the conversation.

Summer doesn’t have to mean putting plans on hold. In many cases, it’s the perfect opportunity to get organised while things are a little quieter. If you’re thinking about funding later this year, now is a good time to start the conversation.

If you’d like to discuss your options, please contact at Stef Radymski at Evolve Business Finance.  We’d be happy to help you get everything in place before the autumn rush.