A business loan is one of the biggest financial commitments you will have in your life, which means you should be prepared to bargain for the best offer. In India, there are many banks that offer term loans, small business loans and many of them are negotiable. Therefore, you will have to negotiate for the …
The SME sector plays a crucial role in the social-economic transformation of India’s financial state. The sector has helped in the eradication of unemployment, a decrease in poverty and removes the rural-urban migration in India. It contributes to almost 8% of GDP, with 45% of the output are produced here, 40% exports, where 6000 commodities …
Small business to requires finances to keep operating which can be acquired in the form of a business loan. The most frequently availed form of financing for small business is debt financing. Debt financing is funds borrowed from a lender at a fixed or floating rate of interest, for a predetermined time period. With debt …
Any new Business which has just started, won’t have the lender’s confidence hence their loans often get rejected. This, unfortunately, is one of the reasons why 50% of small businesses fail in their first 5 years of business from lack of funds or financial support. Consider these factors before first-time applying for a business loan- …