SME Loans

Foreclosure of a business loan good or bad?

A business loan is a huge liability for a business which may make us consider paying off the debt in full to prevent future EMIs. While considering closing a loan earlier, we are torn between reducing the loan’s term and increasing our EMIs. When a loan is foreclosed, the entire outstanding balance is paid off…

What to do and not to do while applying for an MSME loan online?

Credit facilities specially offered to MSME firms are known as MSME loans. MSME loans are to satisfy the requirement of Start-ups, entrepreneurs, businesses and self-employed individuals for operational costs or expansion of their businesses. Entrepreneurs must plan a budget for expansion, which involves financial planning. A company loan is a crucial component of the business…

Government Loan Schemes for Small Businesses in India

According to the Ministry of Micro, Small and Medium Enterprises there are about 40 million registered and unregistered Micro, Small and Medium Enterprises (MSMEs) in India. MSMEs can be classified as belonging to either the organised or unorganised sector. MSMEs are an important source of employment that generates about 40% of India’s overall GDP. National…

Working Capital vs Term Loans

Businesses and loans have a close relationship. Almost all businesses require a loan to expand or maintain operations. Businesses with different demands might choose from a variety of solutions. To ensure that its needs are satisfied as promptly as possible, a company must make sensible loan decisions. Two common loan choices for businesses are term…

What is the Eligibility Criteria for SME Loans?

Loans that meet the financial needs of the Small and Medium Enterprise (SME) sector are referred to as SME loans. This sector helps to industrialize underdeveloped and rural areas and offers substantial employment opportunities at comparatively low capital expenditures. Due to their significant contributions to domestic production, increases in export profits, and operational flexibility, SMEs…

How Can Small Businesses Get a Loan in India?

In India, any manufacturing and service enterprise with an investment of less than Rs. 10 crores and an annual turnover of less than Rs. 50 crores fall under the category of small business according to the Ministry of Corporate Affairs, Government of India. For medium enterprises, it will be Rs. 10 Crores of investment and…