It is no secret that the coronavirus pandemic has had a staggering impact on all sectors of the economy. According to Government data, the number of small businesses in India had increased by 18.49% in FY19. But, they suffered a considerable setback in the wake of the economic restrictions posed by COVID-19. Fortunately, the government and other financial institutions have introduced flexi loans to steer through such financial emergencies.

Also called new-age term loans, financial institutions offer a pre-approved loan limit to small businesses, which is credited to their account. Keep reading to learn how flexi loans or flexi SME loans are paving the way for small business’s recovery in these challenging times.

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There are several financing alternatives for companies in need of capital. These may include cards, bank loans, and investors, to name a few. Each of these options has some incredible advantages and major drawbacks as well.

One major disadvantage of these options is the complex process involved in qualifying for the loans if you are lucky to get any. Another disadvantage is the interest rate that accompanies the loans making them difficult to repay. Hence, companies must weigh these disadvantages before going for these options.

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Amidst the current financial atmosphere, availing a loan for personal finance is one of the easiest ways to get monetary support. They usually entail quicker disbursal of funds, minimal documentation, and attractive interest rates. However, a necessary documentation you will need is your salary slip or any other income proof.

Are you wondering how to apply for a personal loan without proof of income, especially if you’re self-employed? Since no rulebook states otherwise, you can avail one without a salary slip or other equivalent.  Here are various Ways of Getting a Loan without Income Proof.

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If you’re looking to expand your business, having access to working capital can be the cornerstone for growth. Business loans are not just for difficult times when your business is experiencing a profit deficit. In fact, they can play a vital role in increasing your cash flow so you can fulfill the needs of your growing business and remain competitive.

Too often, small business owners use their own personal capital to invest back into their businesses. Though this can be successful, there are alternative ways to increase funding without risking your own financial stability. There are a variety of business loans designed to help you meet your financial goals: from taking out a line of credit or term loan to acquiring a business auto loan. Let’s look at some of the loan options available and how they can help grow your business.

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