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 Loan: How to Get Collateral-Free Business Loans in India
Did you realise that since its introduction more than 45 lakh small businesses in India have been beneficiaries of the CGTMSE Loan Scheme? To most entrepreneurs, it seems almost impossible to access a business loan without collateral, and that is where the Credit Guarantee Fund Trust for micro and small enterprises (CGTMSE) comes in. [...]
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 [...]
How Does Financial Accounting Help Business Management?
Accounting is necessary for small business owners as it helps the owners, managers, investors, and other stakeholders in the business judge the performance of the business. Even the smallest business has more accounting data. Financial accounting helps business management by recording, summarizing, and reporting the stream of transactions and economic activity resulting from business [...]