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Small Business Loans – The Working Capital Angle

27/12/2016 at 7:49 am

The Working Capital Angle

Ever since I started off in a retail lending team at HDFC Bank and even now, as a decision-maker in one of the leading fintech lenders of the nation, I have always been asked by clients about the kind of business loan that would be the best for every situation. Simply put, there is no single loan that comes with a ‘one-size-fits-all’ feature. But when it comes to which business loan can be used in many situations, if not all, I could lead you through my insights and let you decide for yourself why working capital loans offer the best advantages.

The current market scenario is rife with financial options to help in the smooth running of any business, small or big. These options could include multiple banks and NBFCs or even new age fintech firms like us, the Lendingkart Group. Though the sources are a dime a dozen, availing business finance through official channels is always bound by regulations and people resort to borrowing from friends and family or the local moneylender.

Small Business Loans – What to Avoid and What to Keep an Eye out for

15/11/2016 at 1:16 pm

When it comes to financials that concern your organization’s growth and prosperity, you would never want to take a chance, would you? Additionally, when it comes to your personal life, you’d always want a steady flow of income and a safety net to secure your and your family’s future as well. This brings us to a rather peculiar scenario of growth prospects. Addressing the elephant in the room, we would need to look at the importance of business loans and the ways in which one should be using them best.

Business loans, if taken at the right point of time can further an organization’s reach and scope in a broad manner. On the flipside, taking a business loan without having a plan for progress in mind can be more of a liability than an asset. So, what points should you focus on, as a small business owner, before going in for a working capital loan?

There are a few key questions that you should ask yourself before you decide on a business loan –

Diwali – Celebrating light in all its Glory

28/10/2016 at 10:37 am

The message of ‘Happy Diwali’, often conveyed along with sweets, savories and beautiful smiles has been in Indian culture since ages. People have celebrated this festival of light with a gusto that negates all every sorrowful event that has ever occurred during the year. In many regions of India, this festival falls on the same dates as Lakshmi Puja and succeeds Kali Puja. Due to these certain auspicious days being centered on the day of Diwali, Diwali itself is considered a festival that marks the end of evil and brings in good fortune.

The traditional celebration of Diwali includes lighting of lamps filled with ghee or linseed oil, meeting family and friends and doing a ceremonial puja at home. As the years have gone by since the return of Lord Ram along with Goddess Sita, the Bandi Chhor Divas, and Nirvana attainment by Mahaveer Jain, the way of celebrating Diwali has changed in ways good and bad.

Financial Falooda for Thought

21/09/2016 at 10:00 am

You have a business and you hail from a family that has been selling and buying products since the independence of India in 1947. Or you could be one of those people who didn’t like taking orders from someone and you headed out to find your calling as an entrepreneur. Well, you could also be someone who took up business because anything else didn’t make sense. Or maybe you were just curious how the life of an entrepreneur was and you decided to step into the shoes of one. You are of course the best judge of it all.

Indeed, you could be neither of the above but know someone who is. Irrespective of that, this post is one of the many that will follow which will give you an insight into how businesses operate, what to keep in mind when taking some crucial choices, what financial decisions could possibly be better for you. Always keep in mind though, the facts in this blog are corroborated by research and the opinions expressed are of people just like you.

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