Tag: business loan
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The Important Tips to Remember before Applying for a Business Loan
Every small business owner may not have enough money to grow their business or even meet the needs of it. Some of the businesses may not have any other option but to borrow money to grow their business even more. Before, taking a business loan was almost a misery which business owners would do if…
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Types of Business Loans For Manufacturers
Manufacturing refers to a process by which raw material or secondary product is used by the company either to make a good to be used by another business or finished goods for sale. The finished product is then sold in a market. More often than not manufacturing of finished goods is an expensive process. Funds…
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Business Loan EMI Calculator – What it is and How to use it?
Financial institutions provide you with various options to repay your business loan. One of the most simple and popular methods out of them is Equated Monthly Instalment (EMI). The gross loan amount is split into equal sums, taking into account the applicable interest rate. These equal sums are to be paid by the borrower on…
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How Can An Entrepreneur Manage Business Finances
Being passionate about business does not alone take an individual to success. But the individual should know some basic financial management tips so that their business can succeed and it can grow. To have zeal is the primary starting point. After this, the individual should take small steps starting with the decision to own a…
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What Documents Are Required To Avail A Mudra Loan?
Mudra or ‘Micro Units Development and Refinance Agency’ loan was launched on 8th April 2015 under Pradhan Mantri MUDRA Yojana (PMMY) scheme. Usually, small businesses and startups are not given loans by banks due to a lack of collateral. This problem is solved by mudra loans given by cooperative banks and non-banking financial companies. Understanding…
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Short-Term Business Loan
One Fact is completely clear about the short-term loan for business is that it has a maturity of one year or less. More importantly, the main objective of short-term business loans is fulfilling the basics and urgent needs of any business. that’s why many businesses who are aware of this short-term business loan, use it…