"In our experience, we have seen that MSMEs, typically go through setup, operating, growth and diversification," said Pankaj Gadgil, Head - Self Employed Segment, ICICI Bank.
Finalizing a payment gateway for your business depends on various factors like integrations, currency support, proactive customer support and more. We list here seven payment gateways that are suited for small businesses.
Lenders derive comfort when sanctioning a business loan to an entity registered within the statutory framework as required.
India has huge credit gaps and it is important to build institutions and structures that can help bridge the chasm. Being reliant on just one form of financing can prove to be a costly mistake.
Conduct a detailed study of lenders' requirements for project or working capital loans and compare the same with the internal realistic projections and eligibility.
If you want to identify your business's financial condition, you should analyze the previous year's cash flow patterns.
It is important to note that all accounting documents need to be certified by a CA and audited proof of continuation of will need to be submitted.
At the heart of the decision to either go for a loan or raise money through equity is the actual need.
Are you an entrepreneur who is planning to start a business? Here is a six-point guide you should follow to avoid common mistakes. Emandi Sankara Rao, MD & CEO, IFCI Ltd explains
IFCI, a 70-year-old NBFC provides financial support for industries across the spectrum. For an entrepreneur who wants to start a business, the biggest issue is of finances and to take necessary permissions for establishing the business. Making a sound financial plan is also very important. IFCI helps them in taking care of all these teething problems. Dr Emandi Sankara Rao, MD & CEO, IFCI Ltd explains How to approach IFCI and what has been its role in supporting the SMEs, Watch
The year 2019 is set to be brimming with increasingly innovative solutions while catering to emerging patterns of what is to become the future of the FinTech segment.
Technology does not come cheap and more often than not; it does call for substantial investment.
There are different options that an entrepreneur can look at to fund his small business and each come with its own pros and cons.
It is important to realize that a loan comes with strings attached in the form of interest and hence, it should be taken when you really need it.
Since you cannot make your case in front of every individual that decides and scrutinizes your loan application, a business plan does that job for you.
Goals are essential so that you have a clear idea about what you are working towards, without which much of your business effort may be chaotic or ad hoc.
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