BE GST-COMPLIANT FOR A HIGHER PROBABILITY OF OBTAINING A BUSINESS LOAN: HERE’S HOW The recent-most tax reform, namely Goods and Services Tax (GST) has been conceptualized with the aim of increasing decentralization, increasing business opportunities and increasing the GDP of the country. Small and Medium Enterprises (SME) is a considerably large segment of the business …
Read more
The key to becoming a winning tycoon is depended upon the numerous ideas that crop in an individual’s mind. But, ideas alone cannot make you an industrialist and simultaneously with these concepts, you will require an essential element with which you can convert your dream in action. “Fund for Business” is that missing link. Solely …
Read more
MSMEs (micro, small and medium enterprises), loans chiefly help new enterprises as well as small business owners. The loan duration and the interest rate vary from lender to lender, and depend mainly on the profile of the company. These are unsecured business loans and are provided by both banks and NBFCs. However, one must meet …
Read more
MSMEs play an important role in augmenting the overall economic growth of the country. Whilst, promoting inclusive development MSMEs contribute towards driving the growth of various other sectors as well. In India, MSMEs constitute a wide network of around 63 million independent units. The contributions of these medium and small scale enterprises in increasing the …
Read more
Having a passion to become a business magnet does not alone take you to that level. Don’t think we are discouraging you. But you need to understand a few basic financial management tips in your day to day business to sustain and succeed in business. We are glad that you see your zeal in becoming …
Read more
Statistics confirm that only 5 % of the business startup in India succeeds. 90% of them fail and 50% fail within the first four years. This will certainly be a threat factor for all of the dreaming entrepreneurs. But, you can always part of the 5% business owners who succeeded. Increase that to 90%, by …
Read more
Business 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 more
No 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 more
A 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 moreToday markets have opened up a lot of funding opportunities for SMEs and MSME. With a plethora of loan options available at convenience, borrowers are often faced with a dilemma of choosing between a traditional bank and an NBFC. However, this issue is much of concern when a borrower opts to avail the business line of …
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 …
Read moreRunning a business requires a business owner to undertake oodles of tasks. But, it isn’t always easy. To gain the most and increase net earnings a business owner needs to pay heed to various factors. While most of the factors that tend to impact business profitability are out of control. Fortunately, there is one thing that …
Read more