GST, 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 …
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Funds 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 …
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A 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 …
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Regardless of the type and size of a business, capital is an essential component for meeting the regular operational demands. Different types of financing options are available based on the business domain, stage, and types. What is a Commercial Loan? Any loan provided by a financial institution to a business for their working capital or …
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Are you looking for a loan for your SME, but have no security as collateral to raise a loan? Exhausted from facing multiple rejections from traditional banking institutions? Don’t worry, the solution to all your problems is right here, FlexiLoans, “an online lending platform”, offers SME business Loans and helps small business owners to get …
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The Indian government has launched a new initiative, “Make In India,” to encourage and support more SMEs and integrate them into India’s growth trajectory. Access to money is the most difficult task for SMEs today. To combat unemployment in our country, the government has launched different lending packages for small firms. Small Business Loan Scheme, …
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The most popular way to get money is to take out a loan from a bank or another financial institution. Obtaining a loan is no longer as easy as it used to be. Banks have been limiting loans to small businesses due to the financial downturn that struck during COVID-19. Breaking things down into manageable …
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What Exactly is a Kirana Shop? In India, a Kirana Market, also known as a nearby departmental store, is a small neighbourhood store. All household items are sold in these shops. The size of every shop is determined by the amount of money available to a local Kirana. However, whenever it comes to expanding their …
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During the COVID-19 pandemic, board meetings, family gatherings, new product releases, and other activities are taking place via video conferences. Banks are not far off in terms of implementing video network technologies to onboard new customers and complete the Know Your Customer (KYC) process. According to Reserve Bank of India (RBI) regulations, the KYC mechanism …
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Accounts Receivable or invoice Financing is an asset-based borrowing method. In this method, companies can raise funds against the amounts recoverable from the customers. Invoice financing companies or Invoice financing NBFC helps various enterprises or MSME’s to boost their cash flow for paying their third party stakeholders, employees and reinvesting the funds for expansion and …
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Small businesses often find themselves stuck in need of extra capital to meet their expenses and expand their operations. FlexiLoans understands the needs of SMEs and provides them with hassle-free loans quickly. Unlike a traditional bank, FlexiLoans is a reliable digital platform that requires a proper financial history. The platform offers a variety of loans …
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FinTech, short for Financial Technology, is software that eases the process of performing financial services using technology. The concept of Financial Technology is constantly evolving. Initially, when it first started, its primary focus was traditional banking transactions. However, today FinTech is an efficient tool for any kind of financial transaction. In other words, FinTech or …
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