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Everything to learn about SME loans for new business

SME finance is providing loans to Small and Medium Enterprises. Here is a complete guide about SME loans. Who are eligible? What documents should be produced? What are the eligibility criteria? Who are eligible to get SME loans? Different countries have fixed the SME threshold in different ways. Till 2020, India defined SMEs as follows: A small enterprise is an enterprise whose investment is between Rs 25 lakhs and Rs 5 crores. A medium-sized enterprise is that enterprise whose investment is between Rs 5 crores and Rs 10 crores. After COVID, the definition was changed in order to increase the benefits availed by the SMEs. It is as follows: ·        Small Enterprise: Investment up to Rs 10 crore and turnover up to Rs 50 crore ·        Medium enterprise: Investment up to Rs 50 crore and turnover up to Rs 250 crore. Is it beneficial to take SME loans? The Government of India is on the path of bringing self-reliance to the country. In order to achieve this, it is focusing
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Tips to choose the right business loans for small businesses

  There are plenty of ideas to become a successful entrepreneur. However, ideas alone will never turn dreams into reality. The “Fund for Business” is the most essential ingredient. Every businessman is aware of the fact that “It needs money to earn money”! Not every person is born rich. Even some of the young rich men are of the pride to stand on their own. Therefore, the next option is to borrow money. The young entrepreneurs being new in the field find it difficult to choose the right loan. Here are some tips to choose the right business loans for small businesses. Loan amount Be specific about the loan amount. Fix a clear number. Have a fair idea of how much liquid fund is needed. Also, it is equally important to be realistic and flexible. The loan providers check on the growth and potential of the business. Also, it is essential to choose the right lender, If the amount lent is too small, it may not suffice the needs of the business. SME loans Go for SME loans. If the busin
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INVESTMENT CONCEPTS TO LEARN ABOUT

 It is a bold assertion to make, saying that how bright one’s future is, is a function of how much that individual understands about investing and investments. No matter how successful one gets, there is always the realization that you can not always hold liquid cash, and it would be a smart choice to start making investments that would pay in the future. Many come to this realization and start learning whatever they can about investments and investing. This is a good thing. This read is aimed at addressing four concepts that potential investors might want to know about. These concepts are ·        Mutual funds ·        Hybrid funds ·        Equity funds ·        Dynamic asset allocation fund   Mutual funds Mutual funds are concepts in finance that contain a value from different investors that include a portfolio of stocks, bonds, and other assets. This type of investment is the culmination of money collected from various different investors that can be accessed by small
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NIHAR NATURAL OIL: NATURE’S SECRET TO HEALTHY HAIR

Did you know that coconut oil is the only oil that goes 10 layers deep? Coconut oil has been used in households across India for centuries. Ayurveda, one of the oldest schools of medicine in the world, lists coconut as an important ingredient in the form of milk, flesh, water, and oil. There are multiple benefits of using coconut oil. Coconut oil can be used for cooking, as a moisturizer for skin, as well as hair oil for strong hair.  Apart from India, coconut oil is a highly used commodity in other parts of Asia, South America, and Polynesia. This article lists coconut oil’s benefits for hair .  Benefits of Using Coconut Hair Oil  The benefits of using coconut oil are multifold. Firstly, coconut oil increases the overall health of your scalp and hair. It is absorbed into the hair easily and thus helps in the rejuvenation of hair. It helps to repair split ends and also dullness and dryness of the hair. Secondly, coconut oil also acts as an excellent agent of protection against fu
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5 types of loans you need to know about that can help your Small Business

  As an Entrepreneur, you may have needed money at any point during the lifespan of your company. One of the most difficult problems an entrepreneur encounters when launching a new business is raising funding. How to get a small business loan ? How to apply for a small business loan ? What are the types of business loans for small businesses ? These are the concerns that keep business owners awake at night.    It is necessary to contact and obtain the necessary finances for the business to run without any hiccups. Banks are among the main supporters of startups in India, alongside investor’s capitalists and venture capital firms. Thousands of entrepreneurs receive money from them each year.   In this article, we'll look at the best small business loans for Indian entrepreneurs from banks for various uses.   You should also be aware of the benefits and drawbacks of each funding method. Calculating the number of funds needed, using those funds, projecting the corporatio
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Things to know before issuing a loan from NBFC in India

  Small and medium enterprises (SMEs) are the significant contributors responsible for a massive chunk of India’s GDP. If you are operating an SME or starting your business, arranging money for smooth operations must not face a downfall.    After the covid-19 outbreak, SMEs suffered a lot. People lost their jobs due to a lack of funds in SMEs. At that time, the non-banking financial companies (NBFC’s) came to the rescue with SME loans for new business.   NBFC’s have always supported enterprises for a long time and provide the best SME loans for new business in India. Now, if you are going to issue an SME loan in India, you must familiarise yourself with a few things, first: Loan to value ratio: LTV or loan to value ratio is determined by the loan to be issued by NBFC upon the value of collateral submitted as security. It’s immensely crucial to calculate LTV, not just for the lender but also for the borrower. The ideal LTV ratio is around 80%. It is the highes
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What Is The Difference Between A SME Loan And A Business Loan

  For any business, money is instrumental in making it successful. The capital required for a successful business can be obtained by various means, including venture capital and also loans. SME loans for new businesses and business loans have become very popular these days.   What Are Business Loans And SME Loans? Business loans are the loans that are mostly given for a shorter period of time. They can be used to finance specific needs of the entrepreneurs, like launching products to expand the business or to buy any equipment, etc. If someone establishes a good history of credit while using business loans, it can help the person with future loans. SME loans aim at helping small and medium businesses so that they can expand. It can also finance the daily operations of these businesses. It is seen that SME loans for new business in India have been used to hire fresh talent apart from marketing purposes.   Documentation Required For Issuing Business Loans Documentation is
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