Insights, Ideas, Results
Having a great business idea is one thing, financing it is another. For startups and medium businesses looking to expand, things like a new website, tech team, office space, and operations cost are necessary expenditures that need to be considered regularly.
Most businesses and entrepreneurs need funding to get off the ground in the early days. The good news is, there are multiple places to get funding and some are even overlooked.
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.
Within the business community, there seems to be an unstated admission that –– at some point or another –– all companies will face financial hardship. This is a reasonable assumption to make, after all. Considering that roughly half of new businesses fail within five years, most businesses will probably encounter economic difficulties as they grow. Yet, the reality is that the best way to deal with financial issues in business is to prevent them from happening in the first place. Indeed, trying to address a big financial problem once it has already taken place is much more difficult than taking steps to mitigate it beforehand. With that in mind, today we’ll explain how new business owners can protect their company for years to come from financial problems. Check it out here:
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.
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.
No business can function without the presence of necessary equipment relevant to its niche. But not every business owner has enough finances to obtain all the required equipment for its smooth functioning.
But hang on! How are you planning to pay for those assets?
When it comes to purchasing additional assets for your business, it is hard enough to pay a hefty amount out of the savings account. But thankfully, different equipment financing programs can help you pay for those bulky assets for your business.
Equipment financing is used to cover the additional cost of the assets of your business. You can pay for literally anything by opting for an equipment financing loan structure from vehicles to large machinery.
Here are some reasons why you should consider equipment financing for your business.
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.
Every business, no matter the industry or how long it’s been operating, involves an element of risk, and a big part of this is financial risk. While getting into debt is not necessarily a problem in and of itself (many businesses take on loans) you still need to ensure that you are managing this debt properly to stop it spiraling out of control. Otherwise, you could find that your whole company is at risk. To help you out in your task, the following blog post is all about how to manage business debt.
Are you looking to increase repeat business, customer loyalty, and brand recognition? White-Label financing, credit cards, and payment portals can do all of this for you and more.
This article will define the different types of white-label financial products available, describe the potential benefits of each, and give you a checklist to determine whether one or more white-label financial products would benefit your business, from the office of a noted criminal appeals lawyer in Pittsburgh.
The Udyog Aadhaar or Aadhaar for business is a registration certificate with a unique 12 digit identification number which is similar to Aadhaar, but only for businesses and enterprises. It is provided by the Ministry of Micro, Small and Medium Enterprises or the MSME and was introduced in 2015. The purpose of this system is to promote the growth of all registered small and medium businesses in the nation.
