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Showing posts from September, 2019

3 Scenarios When You Should Consider Availing a Business Loan

Are you an up-and-coming entrepreneur? Or do you already have an existing medium-sized business? Wherever you might be in your journey of turning your idea into and an up-and-running business, the truth of the matter always is that every business needs the right amount of money at the right time to keep it running. Even the slightest delay can have serious repercussions. – you might not have enough stock, you may be unable to clear off debts, or worse, you may not be able to pay off employee salaries on time.  Having said that, some business owners will only be comfortable borrowing a loan after they are fully certain that they need it, and that the purpose/need of the loan is valid (in other words, there was no other way to arrange for the funds except for a loan). Here we’ve outlined 3 scenarios where you need to consider a business loan: 1. When Sales is Low: For every business, there are basically two main ‘seasons’ – peak season, where business is good, demand is con

Three Benefits of Borrowing Through an Online Loan App

Today, given the rising rate of inflation, cost of living, and how hectic it has become to manage both our professional and personal lives, going broke by the middle or end of the month has become pretty common. Working professionals have a lot more on their plate today, in terms of day-to-day as well as monthly expenses. There’s your rent, utilities, food, and transport that is sure to take up a large chunk of your monthly income. Apart from these items, if you have any other financial commitments (like a loan), then it will further strain your budget. As if managing these many expenses isn’t hard enough, you also have to contend with unexpected plans/unforeseen expenses coming your way. So, considering all of these factors, it’s a given that you may run short of the required funds to make it through the month. In such cases, a personal loan is your best bet, considering how convenient it is as a source of funds. But how should you avail one? Through an online loan app , of cour