India has progressed a lot as a country since Independence and we are now in the top countries of the world on several parameters. Industries have flourished, urbanisation of labour occurred in search of better prospects. Having said that, there is still a major chunk of the population that resides in rural India running small …
Read MoreGuide to Online Business Loans: How to apply and Benefits
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 MoreHow to Get a Business Line of Credit: Step-by-Step
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 …
Read MoreCommercial Loans: What are the Different Types and How to apply?
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 …
Read MoreBest SME Business loans for Commercial purposes
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 …
Read MoreTop 7 Government Business Loan Schemes and How to Get It for Your Small Businesses
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, …
Read More8 Steps That Will Help You to Get Business Loans in COVID-19’s Crisis
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 …
Read More5 Outrageous Ideas for Getting a Business Loan for Local Kiranas
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 …
Read MoreA Complete Guide to understand the process of Video KYC?
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 …
Read MoreVendor Financing – Understand Benefits, Types, Eligibility, Documents?
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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