Business Loans in India are a great way of taking your business forward. There are a lot of banks in India that provide Small Business Loans, Term Loans, Working Capital Loans etc. Based on what your business requirement is, one can easily apply for one and get funded for their business. With business loan, you…
It is no secret that businesses need money to grow and survive in today’s highly competitive environment. Though this holds true for all businesses, the need for funds is perhaps most acute in case of small businesses trying to establish themselves. Obviously wherever there is need, there is an opportunity too and the financial sector…
EMI is an acronym used for Equated Monthly Installment which refers to an amount paid by the borrower to the lender on monthly basis for the repayment of loan. EMI is the reflection of the loan taken from any of the financial institution that needs to be fully settled within the specified tenure. EMI consists…
Businesses require funding at various phases such as while starting on a new project, expanding operations, or recovering from losses. However, starting up a business is the part when funding seems to be almost non-existent. Entrepreneurs have to work out ways to make optimal use of their resources in every possible way. But that may […]
In our move towards cashless economy, one of the key hindrances has been the unavailability of POS terminals as well as the fact that a majority of Indian phone users use feature phones. One way to overcome this issue has been the recently introduced of the ingenious Aadhar Pay app. What is Aadhar Pay? […]
The 2017 Budget saw a key initiative for small and medium-sized enterprises (MSMEs). Finance Minister Arun Jaitley announced in the Lok Sabha today that the corporate income tax rate for businesses with turnover less than or equal to Rs. 50 crore will get a 5% reduction in corporate income tax. This means that the corporate […]
Businesses need a regular funds flow for managing their varied financial requirements. Most of the expenses can be met from revenues but there are times when a larger expenditure needs to be incurred for future betterment of the company. Business loans are meant for such situations. Business owners, whether they are entrepreneurs or established businessmen, […]
State Bank of India (SBI), India’s largest public sector lender, has voiced intentions of doing away with MDR (merchant discount rate) charges for small businesses that accept card payments using its POS terminals. At present, the bank plans to include only merchants with annual turnover not exceeding Rs. 20 lakhs in the category of merchants […]
A business loan often is the answer to several financial problems and crises, small businesses and start- ups usually face. While getting a business loan is a slightly long and complicated process, the key lies in knowing how to do it and get the best terms. To improve your chances of getting the loan approval, […]