According to the NASSCOM report 2016, Indian stood number 3 with more number of startup companies. Another survey conducted by Randstad in 2017 found that 83% of Indians showed interest in making their own business. Among that 72% of them belong to the age group 25 to 34 years. From these statistics, it is understood …
Read MoreBusiness financing seems to be a strenuous and complicated affair and what rule against the backdrop are – myths. There are ample of myths surrounding business loans, especially the unsecured business loans. An unsecured business loan is intended to offer funds without requiring the need for depositing any personal or business collateral. Fortunately, these unsecured business loans …
Read MoreBusiness loan interest rate is an important aspect that every borrower considers before opting for a loan. In fact, for most of the borrowers picking the right loan comes down to a single factor- interest rate. Interest rates largely hit your loan terms and future business needs. Thus, determining the rates and getting a clear …
Read MoreStarting a business is just one step. Being successful gives you happiness and pride. But, does it stop there? No. You will start feeling pressurized to keep the momentum on. Also, you would want to expand your business once you start looking at its success. Expanding a business is a great thought. But, you are …
Read MoreNo matter what segment your business belongs to money will always remain an imperative element. Any business that is scaling up or extending its services will need to arrange finances for its uninterrupted expansion. Many small businesses today seek financial assistance by opting for a business loan. Considering, the current scenario business loans are the …
Read MoreA warm welcome to all entrepreneurs! Setting up a small business is the first step to make your entrepreneur dream come true. Yes, now you have made up your mind and you have a vision too. Will that alone suffices to start a business? Certainly no, you need a space, manpower, inventory, and working capital …
Read MoreIf you’re considering taking out a business loan but are hesitant because you’re unsure of the tax benefits on business loans, you can stop worrying: Business loans are tax-deductible! Fundamentally, business loans do not affect the amount of taxes owed. According to the Income Tax Act 1961, borrowing money is not equivalent to income in …
Read MoreGetting a business loan will make you stabilize your business is a myth as long as you repay them on-time. Yes, at the time of financial crunch you opt for a business loan, then how can you repay them. No, this thought process will take you and your business into trouble. However, you need not …
Read MoreWell, there are two options for every business person to pick from when they apply for a business loan. However, most of you have confusion to choose between these two namely the small business loan and working capital loan. Therefore, to select a suitable kind of business loan first you must understand the difference between working …
Read MoreIt is often said, and rightly so, that one should always have a backup plan! In brief, this is what business loan insurance does. This is a protection cover that repays the due loan amount in case something untoward happens to the person taking the loan. On account of the death of the owner – The …
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