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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Running a business can be tricky at times. One needs to constantly monitor the finances of one’s business for measuring the financial health of a business. Any negligence may put the company into losses. If you are an investor, then your foremost task before investing is analyzing the company’s financial health. A business may incur …
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Micro, small, and medium enterprises (MSMEs) constitute an important segment of the Indian economy. It is one of the largest employment-generating segments, with over 110 million people working in an MSME contributing approximately 30% of India’s gross domestic product (GDP). There is scope for further growth, with the number of MSMEs having grown by a …
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It is impractical to think that you can do a business without sufficient capital. Whether your organization is big or small, capital is the essence to run your business. Arranging capital is the groundwork for a successful business. You can kick start a venture with an easy business loan. A steady cash flow propels the …
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Micro, Small, and Medium Enterprises (MSMEs) play a vital role in boosting the country’s economy. These enterprises face major issues like scarcity of funds, especially the conversion of bill receivables into liquid funds. In collaboration with RBI, resolving such issues, the Government of India introduced the concept of “Invoice Financing.” MSMEs contribute almost 45% to …
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Profitability and growth are two sides of the same coin. Businesses can show prospects of growth when it is earning a decent profit. The monetary gains are reinvested in the business to ensure growth. Thus, the future of business in India and its development is dependent on the degree of profit-making or cash inflow. Apart …
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Credit card or plastic money is pre-approved funding to pay merchants for goods and services purchased. There are approximately 52 million credit card users in India alone, making it one of the most preferred modes of payment. The universal acceptance of credit cards and the convenience of use is another reason for soaring credit card …
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Sometimes there are instances in the business when you have a lack of funds. You may urgently require a particular amount of money. This could be for the implementation of a business strategy or any such reasons. However, when your business lacks funds, you can opt from small business loans, business credit cards, or corporate …
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Running a business successfully is an art in itself. No matter how great your business idea is, you will not be able to realize that unless you have a firm grasp on your financial situation. You ought to have financial agility, accountability, and power to realize the available business opportunities. With an economic slowdown, there …
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Apparently, the business needs capital to kick-start the profit-making cycle. Liquid money is an essential element to run operations smoothly. Applying for a business loan can help you tide over the repercussions of COVID-19 and help you realize your financial goals. Here is what you need to keep in mind before applying for a business …
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The manufacturing and service sectors of Micro, Small, and Medium Enterprises work within a limited financial frame under the Micro, Small, and Medium Enterprises Development Act, 2006. The Government of India promotes MSME with several benefits, such as easy bank loans grant, income tax exemptions, subsidies, and miscellaneous concessions. With the focus on the ‘Make …
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