What is an MSME Loan? MSME Loans are types of loans for Micro, Small, and Medium Enterprises that can be used for various purposes like new inventory, purchasing new stock, working capital loans, and even expanding your business. MSME Loans for new businesses MSME loans for new businesses are available for businesses with a record …
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Several banking and non-banking structures in a country offer the loan service. The main purpose of these loans is to fulfil the credit needs of the person. The loan can be granted for several reasons like home loans, business loans, car loans, etc. These loans are segmented into two categories further depending upon the security …
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Unsecured Business Loans are loans that are offered without any collateral. These loans do not require security. They are short-term, small loans provided to cover periodic expenditures, raw material costs, and vendor payments, i.e., these loans are used for working capital management. Furthermore, these loans are also be used to expand a business. However, since …
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When we discuss loan settlement or repayment, many business people are nervous. They believe it is extremely complex and will need precise preparation to repay the business loan. You must practice rigorous debt management and financial planning to pay off your company loan without incident. When should you begin paying back your unsecured business loan? …
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Are you a retail business owner? Or someone who’s planning to do so? If yes, this article is for you! Operating retail businesses can be a challenge, albeit with plenty of growth and scope for success. As a retail business, you might need funding for a variety of purposes. From purchasing inventory to marketing and …
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What is TAN number? A TAN is a unique number of ten-digits issued in India to persons who are subject to the Income Tax Act, 1961 in order to decrease or levy taxes on the money paid by them. The TDS (tax deducted at source) or indirect taxes levied by India on payments made is …
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Getting a term loan for business has become easy, particularly after the emergence of fintech NBFC companies offering loans in the simplest way possible. Everything happens online with little or no physical interaction. That flexibility and versatility of the loan process without any collateral requirements is enticing people availing loans without much prudence. However, do …
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Introduction to MSME and Taxation For nearly half a century, small businesses and enterprises in India paid their taxes under the purview of many laws, including the most recent VAT or Service Tax. Since July 1, 2017, all registered businesses have been mandated to comply with the norms of Goods and Service Tax (GST). This …
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Trading has expanded throughout time from local marketplace to and beyond national boundaries. Nowadays, the world is a marketplace, with merchants reaching out to make their products and services accessible to every corner of the globe. Nevertheless, standardising products and services were critical to continue commerce on a large scale. The GST system, implemented in …
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A monotonous, 9-5 job isn’t for everyone. For some people, the sky’s the limit when it comes to choosing what they want to do with their lives, and this ambition may not necessarily fit into an office cubicle. If you have always dreamt of owning a business, now is the right time to take that …
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Looking for a short term business loan but not wanting to spend time on cumbersome documentation? If you are looking for a business loan with just a click, you need not go elsewhere. Download the FlexiLoans app now. FlexiLoans is an NBFC registered with RBI. It is the best instant business loan app in India.It …
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In the post-pandemic era, young entrepreneurs are one of the prominent driving forces for economic growth in India. The MSME sector comprises more than 40% of the GDP and offers employment to a large number of people. Several factors impact the smooth working of a small business. Some of them are infrastructural needs, marketability, patience, …
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