I have seen the happiness on the faces of many entrepreneurs when I placed loan sanction letter in their hand. But loan rejection is not a happy state. Availing of loan is most business’s need for growth, especially for SMEs. There is a limit up to which promoters can invest own capital in the business.… Continue reading 12 Important Reasons Your Business Loan Gets Rejected
“We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate.” Robert Kiyosaki M/S ABC Enterprise is facing a liquidity crisis. The bank has sanctioned them working capital loan. In an emergency, they used the borrowed money by way of working capital… Continue reading All Money Is Not Equal & Entrepreneurs Need to Know This
NPA figure in the banking and NBFC industry is exorbitant. Banks are suffering but what about the borrowers who have suffered business loss. They are facing recovery agents, social abstinence, legal battles, the stress of managing family expectations and responsibility of turning around the business. The situation is dire. People suffering from financial distress are… Continue reading 8 Things You Need to Know to Deal With Financial Distress
“Rather go to bed without dinner than to rise in debt.” Benjamin Franklin Are you living in debt? Here is a post which explores a possibility to live without debt. Debt has become a part of our life. For anything and everything in life, the loan is available. If not formal borrowing, your credit card will… Continue reading A Glimpse of a Debt Free Life You Want to Live
Mr. R who was a small entrepreneur lived in a posh suburb of Mumbai. He was always cash-starved like many other small entrepreneurs. He enjoyed bank limit for his working capital needs. His appetite for growth was far more than the bank’s lending parameters. However, since the last couple of years, his cash crunch problem… Continue reading Do you know easy availability of loans can ruin your life?