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Information enables, knowledge empowers, wisdom elevates. In this age of smart phones and digital enablement for all, new forms of credit are constantly coming to our door steps; being aware can transform the way we think about funding our businesses. We are passionate about issues that surround small businesses and this space is devoted towards spreading awareness about various tools that can benefit entrepreneurs. Keep reading..

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May, 2016

When should I avail a working capital loan?

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1. What is a working capital loan? Funds required to run day today operations of a business are known as working capital. For example purpose can be to purchase raw material, pay salaries, transport finished goods, providing goods on credit to customers, basically to fund day-to-day operations of a business. 2. What are Current Assets and Current Liabilities? Below is an example of cash conversion cycle in a manufacturing business. In simple works cash conversion cycle or an operating cycle is the time required from procurement of raw material to sale of […]

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13

May, 2016

Business Loan Basics for Small Businesses!

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1. What is a business loan? A business loan is a loan taken from a lender for the purpose of conducting or expanding one’s business related activities like purchasing inventory,stock, managing receivables, machinery purchase, infrastructure set up, hiring staff, machinery modernisation etc.. 2. What are the terms of a business loan? Generally 3 to 5 years tenure. Interest rates vary a lot depending a  upon lot of factors like your credit history, your current business characteristics, type of lender and last but not the least how urgently you need funds! Range […]

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