Business Loans Info – Things to know
Typically in India, businesses find it easier to avail secured business loans than unsecured business loans. Secured business loans enable business owners to avail credit at low interest rates. But a large percentage of businesses prefer unsecured business loans to
As an instrument in writing, a Bill of Exchange depicts the amount of money owed by the buyer of goods to the seller of goods. The debtor or buyer of goods signs the unconditional order prepared by the seller or
The business lending solutions provided by banks and NBFCs help entrepreneurs to build businesses without giving up ownership and management. The business lending solutions can be categorized based on a number of parameters. For instance, the secured business lending solutions
According to CRISIL Research, an independent and integrated research house, the value of micro, small and medium enterprises (MSME) lending market in India is now worth Rs 14 lakh crore. The global analytical company further forecasts that the MSME financing
Like other entrepreneurs, retail store owners also need credit on time to renovate the storefront, hire additional employees, stock up inventory, purchase advanced equipment, consolidate debts, and meet working capital needs. In India, both banks and non-banking financial companies (NBFCs)
A number of studies suggest that entrepreneurs often find it difficult to avail credit on time to start and expand businesses. The traditional banks normally take additional time to disburse small business loans. But there are many NBFCs and fintech
CRISIL Research forecasts 11% compound annual growth rate (CAGR) in lending to micro, small and medium enterprises (MSME) in India, over the next two fiscals, way faster than the ~7% growth anticipated in bank credit to India Inc. The independent
Each entrepreneur nowadays has option to choose from a wide range of conventional and new age business loan products. The small business loan products differ from each other in a number of aspects – loan amount, interest rate, repayment tenure,
In India, small business owners have option to choose from a slew of business loans provided by various banks and non-banking financial companies (NBFCs). But a number of studies still suggest entrepreneurs find it difficult to avail credit on time.
The advancement in financial technologies (fintech) enables small business owners to choose from a wide range of business loan products. The business loan products help entrepreneurs to run and expand their small businesses without sacrificing ownership or control. But a