Fostering Entrepreneurial Spirit: Navigating Through the 2024-25 Interim Budget with Finline
As the dust settles on the announcement of the Interim Budget for 2024-25, it's clear that the Indian government's stance on nurturing the startup ecosystem and MSME sector remains as robust as ever. With no changes in the existing taxation [...]
Documents Required for Business Loan
An entity may construct or expand a business unit using a loan. You can use the obtained cash for general company expenses such as purchasing machinery for plants, hiring personnel, renting office space, paying off the mortgage, and more. [...]
Business Loan Eligibility
Bank provides business loans to a wide variety of small, medium, and large enterprises, and professionals. Also, provide top-up facilities for existing business loan customers who may require more credit at a later period. To meet the business loan [...]
Top 10 Questions to Ask Your Bank Before Applying for a Business Loan
Finally, you are ready to apply for a business loan. Everything is sorted, and you are ready to move to the next stage of your business. But wait, have you asked these important questions to your lender? Choosing the [...]
Business Expansion Blueprint: Project Report for MSME Loan
For Micro, Small, and Medium Enterprises (MSMEs), expansion is often the next logical step toward growth and sustainability. To fuel this expansion, securing financial support is paramount. A well-crafted project report for MSME loan plays a pivotal role in convincing [...]
Pradhan Mantri Mudra Loan Documents – Apply for Mudra Loan Online
Loans for Non-corporate, non-farm small / micro enterprises The Mudra Loan scheme is a main part of the Pradhan Mantri MUDRA Yojana (PMMY) by the Government of India, designed to help micro and small businesses. The applicant must [...]
MSME Loan schemes available in Uttar Pradesh
As the backbone of the Indian economy, MSMEs (Micro, Small and Medium Enterprises) contribute significantly to the country's GDP and employment opportunities. However, despite their importance, these businesses often face financial challenges, such as the inability to secure adequate [...]
Business Loan for Grocery Stores – Eligibility & Documents Required
Did you know that 90% of India's retail sector is unorganised and consists of small grocery/kirana stores. As per the latest survey, there are around 12 million grocery stores across India. Most of these shops face regular cash flow [...]
What is a Letter of Credit?
A letter of credit, or "credit letter" is a letter from a bank guaranteeing payment. They can provide security to a seller that will be received on time and for the correct amount. If the buyer is incompetent to [...]
Cibil score for bank loan
TransUnion CIBIL is a premier credit rating agency among the top four agencies in India. CIBIL has affiliations with almost every other bank in India, estimating the creditworthiness of millions of enterprises and individuals. A great CIBIL score denotes that [...]
Loan for MSMEs in Himanchal Pradesh
Himachal Pradesh is a state in northern India known for its scenic beauty and diverse industries. The state has a significant number of Micro, Small and Medium Enterprises (MSMEs) that contribute to its economic growth. To support the growth [...]
Medical Practitioner Scheme Tamilnadu
India is becoming a developing country day by day. TIIC has introduced so many schemes for the youth. To give financial assistance to rural medical practitioners under the Medical Practitioner Scheme- Tamilnadu to set up an independent practice. Tamil [...]
Types of Financial Statements
Financial statements are written records that convey the business activities and the financial performance of a company. Government agencies, accountants, firms, etc., often audit these to ensure accuracy and for tax, financing, or investing purposes. Financial statements include: Balance [...]
What is Overdraft Account?
You incur debt when you use your overdraft (also known as "going into your overdraft"). People should only use overdraft accounts for short-term borrowing or emergencies. It's critical to manage an overdraft account like any other debt and keep [...]
Government Business Loans for Unemployed Entrepreneurs
As per the latest survey, more than 100 crore people in India are unemployed. This is one of the biggest concerns for a developing country like India. There are not enough job opportunities even for the educated youth of [...]
Business Loan Schemes for Sole Proprietors in India
The sole proprietorship is one of the most common business types. In India, more than three-fourths of businesses consist of sole proprietors. They enjoy various benefits such as easy setup, less paperwork, better control over their business etc. These [...]
Business Valuation for Startups: A Complete Guide to Know Your Worth
Business valuation for startups is the most important process of attracting investors, growth strategy and knowing the value of your company. As a matter of fact, more than 70 percent of startups fail because of the mishandling of their [...]
Pros and Cons of Project Finance: Is It Right for Your Project?
Did you know? The World Bank estimates that more than 60% of all large infrastructure projects around the world are funded using project finance structures. This indicates how this mode of funding has become so popular and powerful. However, [...]
MSME Loan schemes available in Delhi
Delhi, being the capital of India, has a substantial number of MSMEs. To support the growth and development of this sector, both the central and state governments have launched various loan schemes. In this article, we will discuss some [...]
Top Odisha Government Loan Scheme Options to Boost Your Startup
Did you know that 33 percent of small businesses in Odisha rely on loans provided by the government to expand? When you are intending to set up or develop your business, the Odisha Government loan scheme can assist you [...]
How To Create Project Report for Real Estate Business?
Do you want to create project report for real estate within minutes? The real estate business has always been a lucrative industry, offering many opportunities for entrepreneurs and investors. So, what exactly is real estate? It refers to properties like [...]
Role of Project Report in Bank Loan Approval
Information from different aspects like technical, financial, economic, production, and managerial are important for any business. They play a significant role in the business phases of startup, growth, and expansion. What is a Project Report? A written document associated [...]
Why do you really need a Project Report?
The world has changed a lot since the idea of a project report was formalized decades ago. Things move much faster now and it’s easier than ever to get a business started. So, it’s rational to think that startups [...]
SBI Business Loan: How to Apply, Interest Rates, and Benefits
Did you know that SBI business loan is the most popular sources of funding for small and medium enterprises in India? State Bank of India provides convenient and flexible business loan options to enable businessmen to expand their businesses [...]
Latest Gujarat Government Loan Schemes for MSMEs and Entrepreneurs
Want to expand your company in Gujarat? The Gujarat government loan schemes are designed to support MSMEs and budding entrepreneurs with the financial push they need. Be it a startup, small business or a growing business, these initiatives provide [...]