How to get a Startup Loan in India?
When hearing about a startup loan, we feel it is so simple. Owning and operating your very own business can be a dream come true venture for most individuals who get involved in such an ordeal. However, when getting started, money turns out to be the major hurdle for every new entrepreneur. The universal [...]
What is a Profit & Loss Statement?
A profit and loss statement simply known as a P & L account or income statement is one among the financial statements which provide the company’s revenue, expenses, profit & loss over some time. The P&L statement will help the investors and creditors to determine the past performance of the company. With the help [...]
What is DSCR in PMEGP? Simplified for First-Time Applicants
What is DSCR in PMEGP? What does DSCR mean? You may have this question in case you are applying for a PMEGP loan the first time. DSCR is the acronym of Debt Service Coverage Ratio and this is extremely significant in the case of PMEGP loans. So, what is DSCR in PMEGP is just [...]
What is Depreciation?
When we purchase any fixed asset, its value decreases over time. It means that when we sell the asset, we are not selling it at its original price but at a lower price, and this lower value is known as depreciation. An asset's value decreases when use, damage, wear and tear, or obsolescence takes [...]
What is Current Ratio?
The current ratio is a liquidity ratio that calculates a company's ability to meet its short-term debt and obligations, or those due in a single year, using balance-sheet assets. The working capital ratio is another name for it. Investors prefer a current balance of one or more. It is less than one indicates that [...]
How to write a Business Plan?
If you are one of the many people thinking about starting a small business. Then having a business plan is one of the first things you should have on your list of things to do. It does not matter if the size of the business you are starting is small or big. Having a [...]