In February 2026, seasonal loans (often called “campaign loans” in France) are short-term financing solutions designed for businesses with cyclical or irregular activity (agriculture, tourism, retail, ski resorts).
Their main objective is to cover operating expenses (salaries, inventory, raw materials) during the off-season, before peak season revenue is generated.
They can help you
Seasonal loans are distinguished by their unique flexibility, tailored to the rhythm of your business:
Term: Generally between 6 and 12 months, corresponding to a complete operating cycle.
Flexible Repayment: Unlike a traditional loan, repayments are often staggered or deferred to align with cash flow. You can pay only the interest during the off-season and repay the principal once sales are complete.
Interest Rates: Often indexed to the Euribor with a bank margin. In 2026, they are generally lower than overdraft rates, ranging from 2% to 7% depending on the risk profile.
Why use them?
Preserve working capital: Avoids drawing on personal reserves or company savings to pay fixed costs (rent, bills) during months without revenue.
Seizing opportunities: Allows you to purchase bulk stock at discounted prices before the season or launch early marketing campaigns.
Legal security: These loans often come with a clear contract specifying the purpose (e.g., “2026 campaign”), protecting the company against sudden credit terminations.