Understanding the Difference Between Promissory Note and Bill of Exchange
In day-to-day business, it’s common for payments to be made on credit. To make these transactions secure and legally binding, businesses often rely on formal financial instruments. Among the most widely used are promissory notes and bills of exchange.
If …
When is the Ideal Time to Apply for a Loan for Your Business?
In every business journey, there comes a moment when additional funding becomes necessary. Whether it’s to meet short-term cash flow needs or to fuel long-term growth, business loans can be an essential financial tool. But borrowing at the wrong time …
Unsecured Business Loans: The Complete Guide
Unsecured business loans offer funds without requiring any business assets as security. Unlike traditional bank loans that demand collateral, these financing options provide alternative paths for small businesses, SMEs, and MSMEs in India. Before applying for such a loan, it’s …
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 …
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 …
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 …