At present, India retail industry accounts for more than 10% of the country’s GDP and over 8% employment. But a large percentage of small retailers in India still find it challenging to avail credit from nationalized and commercial banks to
Many entrepreneurs nowadays opt for franchise business to set up businesses can leverage a big business network and existing customer base. But the entrepreneurs have to invest funds to buy the franchise, purchase products, and set up the franchise business.
No entrepreneur can carry of day-to-day business activities smoothly without funding working capital needs on time. A business owner can fund working capital needs through an array of business loan products – overdraft, line of credit, term loan, soft loan
The working capital of an enterprise can be calculated by applying a simple formula: working capital = current assets – current liabilities. Current assets includes short-term assets that can be converted into cash within a year, whereas current liabilities refer
Many new age lending institutions have been adopting predictive lending models to assess creditworthiness of borrowed based on real-time data. A large percentage of banks and non-banking financial companies still approve or decline loan requests based on borrower’s credit history