Festival Season: The Ideal Time to Apply for a Mudra Loan
Festival seasons in India have always been considered as a high point among the consumers and businesses. The emerging demand in financing small businesses has been evidenced by the 52 crore loans worth 32.61-33 lakh crore loan sanctions as per the latest PMMY (Pradhan Mantri Mudra Yojana) data since 2015. To an entrepreneur, this seasonal economic boost is an opportunity for unprecedented golden prospects-festivals [...]
Small Restaurant Business Plan: Step-by-Step Guide for Beginners
Establishing a restaurant in India is a good opportunity, yet it needs to be planned. In the absence of a proper small restaurant business plan, novices may end up wasting money, wasting time or even go out of business. A properly developed strategy does not only assist in getting loans or investors, but also gives an operational roadmap towards success. We will also unpack [...]
Understanding the CMA Report for Business Loan Approval
Did you know that more than 60 percent of business loan requests are either delayed or denied because of unfiled financial records? The CMA report for business loan is one of the most important documents that may either approve or disapprove your loan. This elaborate description provides the lenders a clear vision of the financial position of your company as well as points out [...]
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 [...]
Green Finance for MSMEs: Exploring Sustainable Funding Opportunities
Did you know that Micro, Small, and Medium Enterprises (MSMEs) almost make up 30 percent of the GDP of India and provide employment to more than 110 million individuals? In spite of this colossal impact, most MSMEs have been unable to access credible financing to grow their business in a sustainable manner. As the world turns its attention to sustainability, a new trend of [...]
How to Create a Bank-Approved Project Report with Finline
Did you know that almost 60 percent of small firms in India fail to get loans in banks because the project reports are incomplete or improperly prepared? Bank approved project report is not only paperwork, it is the key to the funds your business is in need of. In the current competitive world, banks require detailed and accurate and properly structured reports that clearly [...]