A business operates in an environment of uncertainty. Macro factors (economy, policy, regulations, climate, and more) and inherent situations can also sometimes become a stumbling block, particularly for a small business. The most common issue is a sudden cash crunch. A short-term business loan can be of crucial help at the time of need. Small …
Read MoreWho doesn’t like to earn some extra moolah? Everyone would love to have some extra cash to fulfill their needs. However, our mainstream jobs aren’t always adequate. Therefore, if you want to have a side income or a backup job before working full time, a part-time job will help you kill two birds with one …
Read MoreStarting your own business could be cumbersome if your finances are not well-planned. One of the ways to raise capital for your business is by taking SME Business loans from banks or NBFC (Non-Banking Financial Corporation) in India. In India, the Average interest rate on a business loan is 16.6%. Since it usually ranges from …
Read MoreOnce you have decided on the loan you want to apply to expand your business, the hard work starts. If you don’t have a firm grasp on your business’s financial growth and wellbeing objectives, you must rapidly catch up to select a loan term that fits your requirements. Before you can choose between short-term and …
Read MoreThe healthcare industry is growing at a rapid pace in India. People spend thousands on medication to stay healthy and cure ailments. The medicine business is a business that is least affected by the recession. A medical shop business is an evergreen business that prospers in all the phases of the business and economic cycles. …
Read MoreGST, or the Goods and Service Tax, is hailed as one of the biggest tax reforms of the nation. It is an indirect tax introduced to incorporate various central and state taxes like VAT, Excise, Service Tax and others. Since the implementation of GST in 2017, there have been several amendments in the rules and …
Read MoreIndia has progressed a lot as a country since Independence and we are now in the top countries of the world on several parameters. Industries have flourished, urbanisation of labour occurred in search of better prospects. Having said that, there is still a major chunk of the population that resides in rural India running small …
Read MoreFunds serve as a source of resources for any small businesses looking to make a name for itself in the marketplace. Owning a company provides you with the satisfaction of becoming your boss and making decisions. However, although this sounds positive, there is another side of this: the pressure and difficulties of raising funds for …
Read MoreA business, be it in any industry, needs money to meet their working capital needs, fund a new project, or aid its expansion plans. Getting a business loan is a tedious task at times, thus, companies prefer having a predefined limit that they can use anytime. This limit is given in the business line of …
Read MoreWhat are Commercial Loans? A commercial loan is a loan provided by the banks and financial institutions to the business. It is a debt-based funding arrangement. The purpose of these loans is to fund capital expenditures and/or pay operational costs and take them for the short term. Commercial loans are often suitable for small businesses …
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