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Showing posts from August, 2018

All You Need To Know About Business Credit Scores

Business credit scores are fundamental in assessing a business ’ s credit - worthiness . Having a good business credit score helps financial institutions measure the credibility of a business, and extend business loans to them in times of need . Not only do quick finances come handy, but business reputes are also established in the longer run . So, it is always advisable to check your personal and business credit score from time to time to keep a check on your financial position .  Read more...

5 Common Financing Mistakes MSMEs Fall Victims To

A major part of India ’ s economic growth depends on the contribution of the Small and Medium enterprises . Although their products and services are greatly valued by certain sections of the society, many SMEs fail to find a ground in the long run . This happens mostly because of the lack of adequate research and planning by entrepreneurs about the potential possibilities and associated risks related to the particular niche of business operations . Such SMEs and MSMEs face challenges due to inaccurate assessments of their working capital requirements, and even if they do, they are unable to find proper MSME financing options for business expansion . At this new age, innovative financing solutions are coming up with the advent of latest technology trends . Despite such improved availability of SME finance , many businesses are still suffering . Let us look at some common financing mistakes made by SMEs which mostly relate to estimating the correct amount of business loan requir