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Tag: term loan

Business Loans Explained: Choosing Between Working Capital & Term Loan

Business Loans Explained: Working Capital vs. 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 …

Line of Credit Vs Business Loan: Which One Suits Your Business Needs

line of credit

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 …

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“Open is a technology platform – it is not a bank and does not hold or claim to hold a banking license. The business current accounts, VISA corporate cards, business loans and other similar banking services/financial services offered on the Open platform are provided by RBI-licensed banks and financial institutions. All funds in the Open powered business current account are insured as per limits prescribed under the RBI’s deposit insurance scheme. The banking services/financial services offered on the Open platform are powered by our partner banks/financial institutions and follows all security standards and legal requirements prescribed by the partner bank/financial institution, in accordance with extant RBI regulations.”

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