How To Create A Projected Balance Sheet For Business Planning And Loans
A projected balance sheet is one of the most important financial statements that you will require when seeking a business loan or constructing a good business plan. It provides the anticipated assets, liabilities, and equity of your firm- which will give the lenders a clear picture of your future financial status. As a matter of fact, a Reserve Bank of India (RBI) noted that [...]
How to Prepare a CMA Report for Bank Loans
Want to apply for a business loan? The CMA report for bank loans is one of the important documents needed by the banks. RBI guidelines suggest that more than 85% of business loans with an amount of 2 crores and above will need a proper submission of CMA data. This report (Credit Monitoring Arrangement) assists banks to evaluate the financial status of your business, [...]
Best Format for Project Report for Bank Loan Application
A project report for bank loan is one of the most important documents you will require in case you need a bank loan to start a business. It assists the banks in knowing your business model, the financial plan and the repayment capacity. However, getting one ready may seem daunting, particularly when you do not know how to start or what the project report [...]
Loan Schemes for MSMEs in Haryana: How to Get Funded
Want to expand your small business but do not know where to begin with funds? You are not alone and that is precisely where the Loan Schemes of MSMEs in Haryana come to the fore. Haryana with a strong industrial base and pro-business policies has various government sponsored loan schemes that are specific to micro, small and medium enterprises. The aim of these schemes [...]
Top 10 Most Popular Types of Loans in India
Are you planning to buy a house, start a business, or fund your child’s education? No matter your goal, there's likely a loan designed just for it. Understanding the different types of loans in India is the first step to making a smart financial decision. From personal loans to home loans, and education to business financing, India offers a wide range of lending options [...]
Government-Backed MSME Loan Schemes in Kerala You Should Know
Have you ever thought how small businesses in Kerala can still grow with a tight budget and limited resources? This can be found in the MSME Loan Schemes in Kerala which are able to provide the much needed financial boost to many entrepreneurs. Such schemes are aimed at simplifying the process of funding, quickening and opening up access to micro, small, and medium businesses. [...]