Merchant Cash Advance
As the name implies, a Merchant Cash Advance is an upfront cash advance that is received by a merchant in case he or she has temporary business credit needs and does not qualify for a bank loan. Many times, merchants of small and medium businesses experience a short-term cash crunch. Hence, to reduce liquidity [...]
Machinery or Equipment Loan
Although many SME loans on the market can be used for various purposes, a specific loan can be advantageous if you are sure about the purpose of taking the loan. For example, one type of loan that can be used to buy machinery is a machinery loan. What is a machinery loan? A machinery [...]
CGTMSE Loans
Credit Guarantee Funds Trust for Micro and Small Enterprises (CGTMSE) launched in 2000 is a trust established by the Government of India, under the Ministry of Micro, Small and Medium Enterprises (MSME) and Small Industries Development Bank of India (SIDBI). The availability of bank credit without the hassles of collaterals / third party guarantees [...]
Loan Syndication Services for Business Loans
Loan Syndication Services generally involves two or more banks, which work collectively to provide credit to a large borrower. Loan syndication happens when a single borrower demands a large loan ($1 million or more) that a single lender may be incapable to provide. When the loan is outside the range of the lender’s risk [...]
What is a Microloan?
Microloans are short-term, lower-dollar-amount loans. It is available to self-employed people, new businesses, microenterprises, small firms, and private individuals with little or no capital. A sort of tiny loan known as a microloan is given to microbusiness owners or low-income households who have little to no access to banks or other lending organisations. Through [...]
Stand-Up India scheme
Stand-Up India scheme focuses on empowering the minorities, such as scheduled castes, scheduled tribes, and women. The scheme was introduced by the Department of Financial Services (DFS), Ministry of Finance, Government of India. The scheme is to facilitate bank loans between Rs.10 lakh and Rs. 1 Crore. They aim to help at least one [...]