Business Loans Explained: Choosing Between Working Capital & Term Loan
Running a business often involves financial challenges, whether it’s covering everyday expenses or funding major projects. Business loans can be a helpful solution to meet these needs. Among the most common options are working capital loans and term loans. Understanding …
How Much Turnover Should I Have For a Business Loan
If you’re running a business and considering applying for a business loan, you’ve probably asked yourself: “Is my turnover enough to qualify?” Turnover, or the total revenue your business generates, is one of the key factors lenders look at …
Business Loan Repayment Strategies For MSMEs
The MSME sector is vital to India’s economy, contributing about 30% to the GDP and employing over 110 million people. Yet, many small businesses face financial challenges that require them to take business loans to support their operations and growth. …
Boost Your Chances Of Business Loan Approval: Common Mistakes To Avoid
Getting a business loan is often an important step for small and medium-sized businesses (MSMEs) looking to grow or improve their operations. Whether it’s funding for expansion, stocking inventory, or upgrading equipment, the right loan can make a …
How To Qualify For Lower Interest Rates On Business Loans
Getting a lower interest rate on a business loan can be a game-changer for small and medium-sized businesses. It cuts down borrowing costs, freeing up cash for important expenses. For MSMEs (Micro, Small, and Medium Enterprises) that usually have limited …
Line of Credit Vs Business Loan: Which One Suits Your Business Needs
According to a U.S. Bank study, around 82% of small businesses failed due to cash flow problems. Getting the right financing can determine a business’s success or failure, especially when cash flow issues are a major cause of failure for …
How To Improve Your Creditworthiness For A Business Loan: 5 Tips
When applying for a business loan, one of the most important factors that lenders consider is your creditworthiness. Creditworthiness simply refers to how likely you are to repay your loan on time, based on your past financial behavior. This can …
Business Loan Terminologies Expanded: A Guide For MSMEs
Applying for a business loan can be confusing, especially with all the financial terms involved. As an MSME (Micro, Small, or Medium Enterprise) owner, understanding some basic loan terms can help you make smarter decisions and find the right loan …
Business Loan Myths Debunked: Busting 5 Common Myths on Business Loan
For many Micro, Small, and Medium Enterprises (MSMEs), securing a business loan can feel like a great task. Misconceptions and myths about the process often create unnecessary fear and hesitation. These myths can prevent business owners from exploring financing options …
Applying For A Business Loan: Common Mistakes To Avoid
Securing a business loan is essential for the growth and success of small and medium enterprises (SMEs) and micro, small, and medium enterprises (MSMEs). However, the loan application process can be challenging, and making common mistakes can result in loan …