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 MoreStarting a business is just one step. Being successful gives you happiness and pride. But, does it stop there? No. You will start feeling pressurized to keep the momentum on. Also, you would want to expand your business once you start looking at its success. Expanding a business is a great thought. But, you are …
Read MoreNo 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 MoreA 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 MoreIf you’re considering taking out a business loan but are hesitant because you’re unsure of the tax benefits on business loans, you can stop worrying: Business loans are tax-deductible! Fundamentally, business loans do not affect the amount of taxes owed. According to the Income Tax Act 1961, borrowing money is not equivalent to income in …
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 MoreGetting a business loan will make you stabilize your business is a myth as long as you repay them on-time. Yes, at the time of financial crunch you opt for a business loan, then how can you repay them. No, this thought process will take you and your business into trouble. However, you need not …
Read MoreWell, there are two options for every business person to pick from when they apply for a business loan. However, most of you have confusion to choose between these two namely the small business loan and working capital loan. Therefore, to select a suitable kind of business loan first you must understand the difference between working …
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 MoreBusiness owners always have this thought in mind. About their business growth, returns, success, etc. However, beyond all, finances are the pressing one that keeps bothering them. If you are traveling on that journey, then you need to stop worrying now. It is because the options are wide open for you to apply for a business …
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