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 …
Read MoreRegardless 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 …
Read MoreThe 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, …
Read MoreThe 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 …
Read MoreWhat 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 …
Read MoreDuring 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 …
Read MoreAccounts 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 …
Read MoreFinancial assistance is critical not only for starting a business but also for its survival and growth. There are various ways for a new business or an MSME to gain capital funding. However, there is nothing better than availing it from a credible and secured source. The Prime Minister’s Employment Generation Programme (PMEGP) is a …
Read MoreInsurance is a matter of grave concern when the ramifications include the deadly coronavirus. The global corona pandemic has left insurance regulators scrabbling for the most appropriate policies that they can provide to their customers. Both life and general insurance companies have been spurred by the IRDA to come up with products that aim to …
Read MoreIn this dynamic business scenario, we never know what will happen and when. There is no situation where things will move in a planned pattern. But, the emergencies, changes in the law, or even an immediate requirement from the client will keep you puzzled to arrange for funding. This is when a working capital loan …
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