It’s common knowledge that businesses face cash crunches and issues with capital from time to time. With money issues comes a myriad of other issues that may lead to defaulting of loans and economic offences. Such issues can come knocking on your door anytime, whether you are a seasoned businessman or a first time entrepreneur. And nobody wants to find themselves tagged as a “big time” economic offender. So what can you do to ensure that you don’t find yourself in such a situation?
The Budget focussed on bringing about a sustainable change for the country by promoting a more digital economy, ease of doing business, introducing measures to help the rural and agricultural sectors through NABARD and creating opportunities for the youth. Here are the key highlights for businesses from this year’s Budget session.
All businesses, at some point of time, would require a financial impetus to help with their expansion goals or capital needs. A popular way to finance this is to avail a commercial loan. But how sure are you that your loan application will be sanctioned by the lender? Here are three factors that one must keep in mind before applying for a Business loan.
CIBIL Score, an ominous term that makes even the most financially aware among us squirm in our seats. Maintaining a healthy credit score is vital to our financial well-being. So, what do you do if your CIBIL score is low? With some time and effort, you can improve your score using the methods mentioned here.