Business Loan for Minority
National Minorities Development and Finance Corporation (NMDFC), a Central Public Sector Enterprise under the Ministry of Minority Affairs, offers concessional loans/schemes to minorities to provide financial support to their business. Minority Business Loans have been a boon to the minorities giving a great relief to such entrepreneurs. Let’s read on to learn more about it. […]
What to do if you suffer loss in Business or Investment?
In the past couple of years, the pandemic has seen various small- and medium- sized businesses close down or suffer huge financial losses. Whether it is a business or investment, and be it due to external factors or a wrong strategy on your part, the resulting losses can be devastating and can throw your personal […]
Guide to Compare the Best Small Business Loan in India
Business Loan interest rate starts from 14.99% onwards per annum. However, other factors to influence the final commercial business loan interest rates decided by the lender that includes applicant’s profile and creditworthiness, business plan, credit score, required loan amount, repayment tenure, business vintage and profit, with various other financial aspects. Business loans are designed to help small […]
What Is Bill Discounting?
It is a trade-related activity in which a company’s unpaid invoices which are due to be paid at a future date are sold to a financier. In bill discounting, the business trades the company’s unpaid invoices to gain access to short-term financial assistance and maintain the working capital. It is mostly pertinent in cases when […]
NBFCs Vs. Banks for Business Loans
Recently, NBFCs have taken a lead in providing business loans. Despite economic up-downs, they have remained the preferred choices for retail lending. And still, due to less stringent terms and procedures these non-bank financial institutions continue to hold a major share in business loan financing. NBFCs don’t accept demand deposits but they can simply lend […]