What happens to a Business Loan if the Business isn’t working?
Business loan has garnered rapid popularity and has made significant developments in India. As per a research, 64% of all loans disbursed in 2018 were SME loans. Despite their huge contributions, SMEs are unable to access funds for reasons like lack of credit history, inadequate financial records and more. However, just like a coin has …
Impact of Working Capital Management on The Profitability Of Firms
It takes a lot of courage and conviction to venture into an unknown territory leaving behind a comfortable job and an attractive package to start a business. Your business idea can turn into a reality provided you have the right vision and the financial capacity to achieve the same. Firstly a business owner has to …
Top 3 Challenges Faced by SMEs in 2019
SMEs in India employ 40% of India’s workforce, employing about 106 million people. 42.50 million, both registered and unregistered together is the number of SMEs businesses in India. Collectively, it comes up to a jaw-dropping 95% of the total industrial units in India. These numbers are from the most trusted sources operating under the government. …
Success Formula for Small Businesses
“Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations,” said Steve Jobs. Such inspiring quotations of Steve Jobs have become business mantras for start-up founders. Steve Jobs and Steve Wozniak who founded Apple from a garage in 1976 are inspirations for budding …
Why Choose LendingKart for SME Business Loans
Micro, Small & Medium Enterprises (MSME) sector is still one of the highly underutilized segments in India and is extremely essential in developing socio-economic development in India. Currently, the MSME sector which includes the Khadi, Village & Coir industries has 51 million units in it and employs about 117 million people. It also contributes to …
Business Loan or Personal Loan – What would you choose to accelerate growth of your enterprise?
India has the third largest number of start-ups in the world. We have great entrepreneurial energy and passion. Access to affordable capital is critical for small businesses to thrive and grow to generate enough operating income to sustain by themselves. The government has been playing a role with the launch of schemes such as Mudra …