What is MSME Loan?
Entrepreneurs and owners of businesses can apply for MSME Loans, commonly referred to as Micro, Small, and Medium Enterprise Loans. This sort of loan gives you access to operating capital that you may use for a range of things, such as purchasing expensive equipment, paying your workers' wages, growing your firm, or buying new [...]
What is Unsecured Business Loan?
Unsecured business loans are an excellent funding opportunity for businesses that don’t own many assets. This loan doesn’t require collateral security to submit to the bank or NBFC. A secured loan uses assets as security, which means if things don’t work out, the lender can sell the assets to recover the value of the [...]
Supply Chain Finance (SCF)
Supply chain finance (SCF) is a form of finance in which suppliers can receive payment on their invoices in advance. Supply chain finance enables both buyers and suppliers to optimize their working capital. It reduces the risk of supply chain disruption. It’s also known as reverse factoring. Unlike other finance techniques, the buyer sets [...]
Types of Working Capital Loan
There are different types of working capital financing available in the Indian market. As a result, applicants can choose from Cash credit/Bank overdraft, trade credit, bank guarantee, invoice factoring, and letter of credit. Inadequate working capital can also result in non-payment of certain dues on time. Improper type of funding would cause loss of [...]
Working Capital Loan
Working Capital Loan is a type of short-term loan availed by firms for their daily operational expenses. They support the businesses to become more focused on their growth and generate capital. These loans in India have become popular among business owners to deal with their financial needs. These loans are not used for buying [...]
Mudra Loan: Who can avail? Eligiblity?
Any individual running non-corporate non-farming business activities can apply for a MUDRA loan under the Pradhan Mantri Mudra Yojana Scheme. The following are the Mudra Loan Eligibility criteria: Applicants should have an age limit of 18 years and a maximum of 65 years. Individuals, startup firms, business owners, entrepreneurs, SMEs, and MSMEs are eligible. Traders, [...]