Many of us get confused between business loans and business lines of credit. Are they the same? Are they not? If not, how are they different? Well, this article may help clear a few of your doubts regarding them, after which you can get a clearer picture about which one you may want to opt for now or in the near future. (more…)
Startups today constitute a significant part of the country’s economy. Never before have startups been supported by the government and press media as they are in support in the current decade, and things only seem to be getting better.
Many startups receive financial support from the governments in their initial phases. The support comes in the form of tax benefits, less expensive loans, limited liability terms about various factors, etc. But, not every startup ends up qualifying for or being able to reap the benefits of these loans. Furthermore, a few months down the line, most startup companies exhaust their initial funding support while they’re about to start making profits and this is when a little boost in funding not only helps the startup company survive but also helps it shine and prosper.
In such times, when most other loans may stop being an option, some alternate business loans may be the right choice. (more…)
These days, most industries see a lot of scamsters and con artists and make it difficult for people to believe genuine offerings. There is nothing different about this situation in the lending industry as well. Fraudulent lenders are not unheard of, which is why many people are reluctant about applying for a loan online. However, many a times online loans are the only way to get finances when in urgent need of money for one’s business. So how does one differentiate between a fraud and a genuine lender? May be these few tips may help you: (more…)
It is certain that the world has seen a sudden drastic change in various aspects due to the COVID-19 pandemic. There is no doubt that this has created a stressful atmosphere, especially for business owners due to the rapid downfall of the economy and the need to figure things out in a very limited timeframe.
Dreading the situation is unavoidable, but it is also important to accept and adapt to the change quickly in order to sustain. There is no particular solution to deal with this situation, but there are options and a business owner must choose the best possible one. While factoring in the law of the land and the various SOPs to be followed in order to avoid the disease, one should know and implement the best possible way of taking forward a business. (more…)
Running a business is no joke. A business owner already has a number of challenges to face when it comes to the insane number of things to take care of financially. In order to keep things moving, many times one has to apply for a loan and this situation is certainly not newly described to you if you own a company. Take the recent pandemic for example- it saw a number of businesses facing financial trouble around the globe, because of which there were a number of financial decisions to be made, including laying off employees or shutting down the business.