Bad Credit Affecting Business Loan Approvals? Worry Not!

Bad credit history bogging your business down? Sounds familiar, doesn’t it? Poor credit, be it personal or company, makes it that much harder for a business looking for a loan or any kind of funding. Banks scrutinise your credit history before approving your loan application. You may have had your reasons as to why you couldn’t pay up on time or messed up your payments. But to any lender, a person with a bad credit is high-risk, because it means either that you’ve not repaid on time or that you’ve seen harsh times. Fret not, all is not lost! There are a variety of alternative financing options which look into your operating history and business strength, and not just your credit history. Here, we introduce you to 5 viable financing options for businesses with bad credit.

Tips To Get Your Business's Accounting In Order

5 Tips To Get Your Manufacturing Business’s Accounting In Order

Every manufacturing or small business owner knows how hard it is to stay on top of your finances. A common mistake most first-time business owners make is to ignore good accounting practices because you have ‘just started out’. Sorry to burst your little bubble, but this lapse in keeping your finances in order could cost you dearly. Worry not! We’ve put together five easy tips to help you get your business’s accounting in order.

8 Cost Saving Ideas For Companies

There comes a time in every business when there really isn’t much cash left after paying your bills, employee wages and operational costs. So, how can you ensure that you have a substantial amount left in your account at the end of the month? Cost-cutting! But we’re not talking about cutting corners from an already tight budget or laying off your employees. We’re talking about practical ways like the ones below to save your business a substantial sum of money!

Should India Press For A Unified GST Tax Rate?

Should India Press For A Unified GST Tax Rate?

On 19 December 2014, the Goods and Service Tax (GST) Bill was introduced in the Parliament for the first time. GST promised a unified market and an unparalleled economic growth that India had never witnessed before. But amidst all that, the idea of GST in the years since it was first introduced, underwent multiple changes at the hands of bureaucratic committees. It is common for reforms of this magnitude to be debated over and continuously evolve, but will the decision to introduce six different tax rates instead of a single tax rate dilute the effect of GST?