Business Loan Articles

Many medical professionals and others harbour entrepreneurial ambition to set up their own clinic, dispensary or diagnostic centre. While it's an achievable goal, there are a lot of requirements when it comes to opening a diagnostic centre rather than just the financing. Proper planning, strategi.....

While the economic climate of the country may not have seemed ideal over the past year, the year 2021 brings new hope for entrepreneurs looking to make their mark in the business landscape. But what they need, above all, is some financial assistance along the way. So if you are an entrepreneur lo.....

The process of lending has come a long way from the methods by which it was traditionally done centuries or even decades ago. Thanks to the advent of technology, the process of getting a business loan from financial institutions has become easier than ever before for the modern business owner. Ho.....

Starting a private practice as a healthcare service provider in today's environment attracts licensing and regulatory criteria, be it a doctor’s clinic, individual practice, laboratory facilities, a single specialty hospital or a multi-specialty hospital. As a first step, it is imperative for you.....

An electronic way bill, popularly known as e-way bill is a valid electronic document generated from the e-way bill portal to certify the movement of goods between and within states. It is a compliance mechanism under the Goods and Services Tax (GST) that a seller/consignor shall adhere to before .....

The introduction of GST e-way bills has been considered a game-changer in India’s history of the movement of Goods. As per GST, it is compulsory that transporters carry an e-way bill when they are transporting goods from one location to another, provided that certain conditions are met. The main .....

There is no doubt that India is slowly but surely becoming home to a large number of promising businesses, with as many as 1.26 million companies having been registered by September 2020. This promise was put to a grinding halt last year due to the impact of the pandemic, but the resilience of th.....

India is today home to more than 41,000 startups out of which 44% have received official recognition.5700 of these are in the Information technology sector, followed by 3600 in healthcare and 1700 in agriculture. The pandemic might have brought down economic activity to a grinding halt, however, .....

Over 6% of the country's total GDP is produced by Mumbai. So, if your company is based in the financial and commercial capital of India, in sectors such as manufacturing, retail, construction, technology, food and grocery delivery, there are many opportunities for growth. You can get an unsecured.....

Your firm needs the right machinery to ensure consistent productivity that leads to better sales and growth. To minimize manpower, you may need technologically advanced machines or simply need machinery by virtue of the industry in which you are. You may opt for a convenient Business Loan tailore.....

VAHAN is an initiative implemented by the Ministry of Road Transport and Highways that is a National Register. It behaves like a principal repository for vital information that is related to a registered vehicle. You can search for your details regarding your concerned registered vehicle via foll.....

In the fiscal year 2019-20, as of 1st October 2020, the system of e-invoice under GST was established compulsory for every taxpayer that is registered and has a turnover that is over Rs 500 Crores. This is why you need to know what changes have made its way in an e-way bill after the mandating th.....

On the 10th of December, food delivery platform Swiggy announced that its Street Food Vendors scheme, which is said to support 36,000 sellers across 125 Indian cities will be expanded after a successful pilot run. Under the AtmaNibhar Nidhi (

Being a doctor and running your own clinic is not an easy task. It's a process that requires patience, hard work, and determination. Moreover, you also need to stay in the present and simultaneously plan for the future to sustain and grow your clinic. If you're wondering how to increase your pati.....

Starting a new business can be very exciting; however, figuring out how to begin the entrepreneurial journey can be so overwhelming that it scares many people away. So how to start business planning? To ace your business plans, you first and foremost need to have the required knowledge and skills.....

The Pradhan Mantri Mudra Yojana (PMMY) is a government scheme with an aim to provide employment in the country and motivate the young generation towards being independent. Micro-Units Development and Refinance Agency (Mudra) is an administration set up an association that offers to finance for MS.....

An E-way bill is utilized for the development of merchandise and can be generated online on the E-way bill portal. Once the e-way bill is created, the recipient, supplier or the transporter will receive a unique e-way bill number (EBN). Earlier, the central government levied taxes on the transpor.....

Even though India has now had a contraction of 10.6% in GDP for the economic calendar of 2020-2021, Chartered Accountants are still in demand. Irrespective of your present day work capital deficits, and/or a drop in your real income, you can always look forward to growth in the future as a Charte.....

One of the most important sectors in the Indian market is the Fast Moving Consumer Goods (FMCG). The FMCG sector is engaged in short to medium term shelf life non-durable goods, which are usually of lower value. Milk and milk goods, rice and pulses, vegetables and fruits, soaps and shampoos, perf.....

As a Chartered Accountant, you may be worried with how the business and its range of services can be expanded. Since you cannot advertise your business to get customers, it can become hard. If you try and get business by referrals, massive commissions will be involved and profitability will be af.....

The pandemic has pushed the transportation industry's pace to a pause. While recent headlines such as travel bans and major event cancellations make growth like a thing of the distant past, it is necessary to note that before the pandemic struck, the industry was stable and setting records. Histo.....

The agriculture sector in India has gone under significant structural change. Traditional methods of farming have left the farmers of today searching for something better. The pursuit of chemical intervention to push crop yield has only led to harming the earth. Farmers and communities have faced.....

An E-way bill is a document issued by the carrier containing details to the shipment of a consignment of goods. It is an important document that is required to move goods from one place to another in a vehicle, the transporter needs to be a GST registered individual. The bill is generated online .....

The path to run a business has its periods of highs and lows. For firms to stand firm at all times, a smooth financial cashflow is required. Shortage of working capital can disrupt your business operations. Recessions and delayed payments from clients can hamper your business growth and lead to a.....

On 2nd November 2018, the Ministry of Micro, Small, and Medium Enterprises (MSMEs), that falls under the Government of India, announced the ‘Interest Subvention Scheme for MSMEs’. Under this scheme, GST registered MSMEs can avail a 2% subvention on the interest rate of a new or incremental loan.<.....

To grow your business, you are required to invest in the expenses of growth, like purchasing equipment, advertising, and property expansion. However, managing all those costs and at the same time running your business can be tricky. Almost every company faces financial shortcomings at some point;.....

In order to manage reduced margins and high rentals, cloud kitchen business is perhaps the best thing to do at this point in time. Cloud kitchen, also known as a digital restaurant, is one of the latest trends of the lockdown. Cloud kitchen business model is a really smart way of business in the .....

The MSME sector (micro, small and medium enterprises) is the backbone of India’s economy. The sector contributes to 45% of all manufacturing products in India apart from accounting for 40% of exports. According to the Confederation of Indian Industry (CII), MSMEs contribute over 6% of manufacturi.....

Any and every business requires financing for several reasons at different points in time. The needs for every business differs based on multiple factors. Any startup, for example, would require finances in order to organise operations. On the other hand, any small business would require finances.....

With the constant growth of MSMEs (Micro, Small, and Medium Enterprises) in India, lenders now offer exclusive loan products for MSMEs. The government has also introduced loan schemes for businesses under the MSME sector. Numerous financial institutions offer MSME loans to start-ups as well. The .....

Prime Minister Narendra Modi announced several benefits for MSMEs but the one that stood out was the announcement of a dedicated digital platform to enable MSMEs to secure in-principle approval of MSME loans up to ₹ 1 crore in just 59 minutes. The government's website for MSME borrowers offers au.....

Women entrepreneurs are taking charge when it comes to producing innovative solutions to bring positive change in society. In doing so, women business owners are showcasing their unique approach to organizing and managing their business. Many banks and lending institutions offer collateral-free l.....

Capital is the lifeblood of every business and one of the prominent sources of capital to expand operations, promote business, or purchase new inventory is availing a business loan. .....

Equipment loans are typically a lump sum of money that a business borrows to finance buying new equipment. Unlike other loans with equipment loans, there is a restriction specifying that the funds must be used only for purchasing equipment. The equipment itself is used as collateral to secure the.....

The Pradhan Mantri Mudra Yojana (PMMY) has emerged as the flagship scheme by the government of India to enable last mile connectivity to banking services for every citizen of the country. Under this scheme, any citizen can avail a loan of up to Rs. 10 Lakhs for activities that fall under the non-.....

Medium small and micro enterprises(MSMEs) in India have been the worst affected by the economic downturn being witnessed worldwide due to Covid 19. In April this year, out of the 75 million SMEs in India, 19 to 24 % were at the risk of elimination. In the next one year to 18 months, 10-25 million.....

If you are a small business owner, you might be well aware of the impact that the lockdown has had on your enterprise. A CRISIL report revealed that the Indian economy will dip by 5% in FY 2020-21 resulting in micro, small and medium (MSME) businesses losing out on one-fifth of their sales. While.....

It is no easy task to establish and run a business. At all times, there are a number of priorities to be considered, factors to be accounted for and resources to be managed. As a result, business owners often find themselves face to face with a variety of different challenges. For most entreprene.....

There was a time when availing credit was not only difficult but also deemed a huge burden on the borrower for years to come. In today’s time, credit comes in a wide variety of convenient forms, many of which can be customised to suit your specific needs. Out of these, two of the most popular for.....

Small businesses are an important engine for economic growth creating jobs, investing in local communities and spurring positive change in neighbourhoods across India. However, managing a business is not easy; you need to have sufficient finances to grow your business. Many budding entrepreneurs .....

The economic uncertainties caused by the pandemic outbreak is a good enough reason to take a second look at how to grow your business and maintain it at such times. To turn your business into a successful operation you need to adapt to the present conditions. While it might be tempting to focus, .....

Checking your CIBIL score update is probably more important now than ever. Bank of Baroda has recently offered a pioneering take on MSME (Micro, Small, and Medium Enterprises) loans: that of risk-based pricing. The Bank is now willing to offer lower

With the current lockdown, people are encouraged to go digital and make cashless transactions. The government is constantly trying to introduce new ways to scale up online transactions by offering retailers subsidies to digitize operations and help small businesses to go digital. As everyone carr.....

The nationwide lockdown has made life tough for everybody, especially for small business owners. The pain is deeper for non-salaried individuals who don’t have a regular income. Managing a business is not easy; you need to have sufficient finances to grow your business. In emergency situations th.....

An ecommerce business faces all the traditional challenges of a conventional business. There are many new challenges that are quite unique to the online world like solutions for inventory, premises and for hiring employees, constantly-evolving technology, and a 24-hour marketplace. The evolution .....

Business loans can often be the driving factor behind a business’ growth. With the help of a loan, you are able to equip your business with office space, essential materials, machinery, and more. At some point or another, any business can greatly benefit from a loan. This is where business loans .....

Micro, Small and Medium scale enterprises (MSMEs) contribute significantly to the growth of the Indian economy. Expanding your business requires a substantial amount of capital. This is where a business loan can prove to be extremely handy. In order to run their business efficiently and maintain .....

The government has announced an additional funding of Rs 3 lakh crores to revive the MSMEs through a credit guarantee scheme. Based on the eligibility conditions, MSMEs can avail loans up to 20% of their outstanding credit. These loans are collateral-free and can be availed at discounted interest.....

The credit rating by TransUnion CIBIL has long been considered the most important and reliable indicator of the creditworthiness of a person. When an individual approaches a bank or any other financial institution, the first question raised by the lender usually pertains to their

The Pradhan Mantri MUDRA Yojana (PMMY) was a scheme instituted by the Government of India in 2015 to promote entrepreneurship among its citizens and aid in the growth of small enterprises in the non corporat.....

If you want to apply for a business loan, then you will be asked to furnish the financial institution with your business credit report or business credit score. Your report reflects your creditworthiness and is of paramount importance for approval of any business loan. This becomes especially imp.....

Your company requires the right equipment to ensure consistent output that translates into profits and overall growth. Today the most technologically advanced machines help reduce manpower and save long term costs. In case your working capital falls short to fund your machinery requirements, you .....

A small business loan is often secured by small-sized to medium-sized business enterprises (SMEs) to transform their venture ideas into realities. Such loans have become a crucial aspect of modern business and are heavily sought after. Due to industry competition, procuring a loan can be a challe.....

Starting a venture and working towards its progress requires a great amount of zeal and determination. If you are passionate about establishing your own business, you must prepare a well-crafted business plan. Additionally, you would also need to educate yourself about the existing market trends .....

A business loan is a boon to entrepreneurs looking forward to establishing their own startup. Moreover, small business loans can also be helpful in business expansion and meeting working capital needs. With prominent lending institutions, availing a business loan is a completely hassle-free proce.....

If you are a Chartered Accountant and have your CA firm, the growth of your business and its management are solely your personal responsibility. To achieve this, you not only require a strong business plan but would also require financial liquidity.

To run a business efficiently, entrepreneurs are required to have a futuristic vision. For a business to be on the right track, entrepreneurs have to take care of various aspects related to it. Apart from ensuring that their business is doing well presently, it is also important for entrepreneurs.....

Running a business efficiently is a work of absolute passion and dedication. Every entrepreneur dreams of taking their business to greater heights. Therefore, if you are an individual with an innovative idea, it is essential that you sharpen your business skills prior to plunging into your entrep.....

Designed for medical practitioners, a doctor loan is an excellent financing option to help you meet different kinds of fund requirements. These loans are available for professional or personal fund requirements. A doctor loan is an alternative against unsecured loans like a personal loan or secur.....

If you are a self-employed chartered accountant (CA), you may need money to meet the fund requirements of your practice. Capital is limited and you may need to procure external funding sources.

Financial institutions offer specially customized loans for CAs to meet their unique profession.....

In recent years, women across the country have shown tremendous progress in each and every walk of life. It has also been observed that a large number of women entrepreneurs have come up with innovative ideas to establish their own businesses. To further encourage women entrepreneurship, the Gove.....

Establishing a business requires a substantial amount of investment. Right from hiring qualified employees to investing in well-equipped infrastructure, you may have to take care of all the aspects related to establishing a business. Moreover, if you already own a business and you are looking for.....

If you're a small business owner you understand how important it is to economically upgrade or replace the equipment needed to perform your daily tasks. Getting new equipment or replacing the old ones will clear away any obstacles caused by my inefficient equipment. However, purchasing equipment .....

Establishing a new business or expanding an existing one requires a substantial amount of capital. This is where a business loan can prove to be extremely handy. India is home to a large number of micro, small and medium scale enterprises (MSMEs). These MSMEs contribute significantly to the growt.....

Professional loans are loan facilities granted to working professionals like doctors, lawyers, chartered accountants, architects, etc. who are looking for funds to start their own practice or expand their trade. A lot of people often confuse a professional loan with a

A business loan can prove extremely useful for budding entrepreneurs and small businesses. The loaned amount can be used to improve the business set-up, buy raw materials, and improve the overall business infrastructure. However, most business loans are secured loans and demand a collateral again.....

Starting a business of their own is a dream for many, but only a few are able to materialize their plans. While some are unable to secure the required financing, others get stuck at articulating their business ideas. Though financing a business has become simpler, thanks to business loans, conjur.....

Starting a business, albeit a small one is a big step for most as it may one may have to forgo the comfort and security offered by the corporate jobs. Besides, every business needs initial capital, which can be difficult to arrange from personal savings. But thanks to the wide availability of sma.....

India’s oldest private airline Jet Airways suspended its operations after 26 long years in 2019; the news shook the entire nation. Although it was an unpleasant surprise for Indian flyers, this was inevitable given it’s dried up cash reserves and lack of additional credit lines. A once vibrant ve.....

A lot of enterprising business-owners opt for a business loan to further their business aspirations. These loans are used for various purposes like buying expensive equipment, stocking inventory, financing payroll, etc. As and how the business makes a profit, most business owners follow the ‘set .....

When looking to raise capital for one’s business venture, having funds in place is important. Most entrepreneurs resort to availing a business loan to meet this financial requirement. However, not many people are aware that you can use a personal loan as an alternative option. While business loan.....

Earlier, there were not many options available for businesses other than personal loans. Business loans used to be secured in nature, requiring the borrower to provide collateral as a form of security against the loan amount. However, owing to the increasing number of start-ups and evolvement of .....

Business lendings are financial solutions offered by banks and non-banking financial companies to help emerging and fast-growing businesses. These solutions vary from one loan provider to another. As a result, a borrower needs to compare several parameters such as interest rates, loan terms and c.....

These days, you would notice an increase in the number of start-ups emerging in India. While most of these businesses are getting financial aids from government schemes and business loan facilities from several loan providers, it is important to note that making that business a success and mainta.....

Business loans are a great way to fund your start-up venture or expand your existing business infrastructure. However, as the enterprise flourishes, most business-heads do not give any second-though to upgrading their business loan. Instead, they just keep paying the EMIs, rather than employing t.....