Everything that contributes towards growth of a business needs some sort of investment. For long term success, every business needs a quick and reliable source of short term working capital. This is especially true for small and medium enterprises, otherwise known as SMEs. There are numerous ways an SME can avail a risk-free business loan, but the process can be cumbersome in most cases. Let’s look.
If you are an SME looking for a risk-free small business loan, the first thing on your list will be finding a financier. Since all SMEs are not the same, the loans they require are also different. Here are a few pre-conditions on which loans are given to SMEs,
- The interest rate is generally set above 15%
- A loan processing fee is also applicable, although the percentage or amount may vary from financier to financier
- And lastly there may be several checks and balances set by the financiers to ensure transparency in transaction
Make sure you are ready to meet these requirements before applying for a small business loan.
Once you have decided upon a financier, it is time to set your application in motion. For that you must submit the relevant documents to the bank or NBFC you have selected for your loan approval. Business owners are generally required to submit the following documents when applying for an SME loan.
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- VAT registration is a pre-requisite for applying
- A copy of your bank statement (the duration of which maybe from 6 months to a year, depending on financier’s policies)
- Trading history of your company can also be requested by certain loan providers
- Incorporation documents and proof of address are also generally required for getting an SME loan
- If you are applying for a large sum, the financier may ask for
Have you noticed that your business is booming lately? Maybe it’s so good you need more space. Maybe you can finally afford to move into that nicer building you have been eyeing that also happens to be in a better location for your business. But if you are like so many others, the thought of packing up your entire business and moving sounds like a daunting task. Don’t let that thought stop you from making changes that could increase your revenue. Good business owners know that doing well in business means continuing to grow and change with the market. Maybe business is not booming for you and that is definitely a problem. A new location could be the answer to your problems. Get your business back on track by getting some help from Move On by utilizing their office moving services!
Located in Nashville, Tennessee, Move On understands that downtime in a business equals loss of profit. Their team of movers will work diligently to ensure that your business gets moved and is back up and running with as little downtime as possible. They will pack up all of your things and unpack them in your new business location without you having to lift a finger. Your business is your baby. It is your life’s work of which you are very proud. There are so many things that have to be taken care of when relocating a business that have nothing to do with the act of physically moving. Your address and possible your phone number will need to be changed on any promotional materials you have been using to promote the company. You will need to get the word out about the change in location of the business. These things are also vital to the success of the business. … Continue Reading
The presence of a professional and fully trained security guard can have myriad benefits for businesses of all kinds. Here are some signs that your business could be one of them.
You have a high number of visitors to site. A high volume of people traffic through your doors can be a security concern as well as a safety concern in the event of fire, for example. A security guard can monitor presence of both visitors and employees to ensure an accurate record thereby increasing both safety and security.
You employ a large number of people. You want to keep your doors locked through the day to ensure the safety and security of your staff and clients, but it’s impractical, not to mention self-defeating, to give everyone a key. Hiring a security guard ensures that everyone is able to access the building at all times without compromising security.
Your employees work shifts or flexible hours. In an increasing culture of long working hours, it is not unusual for workers to be at the office at all hours of the night and day. Small numbers of people in the building late at night can lead to a variety of concerns for those in charge. Such concerns can be reduced by a security guard patrolling the premises, monitoring those coming in and out and generally checking on the safety and wellbeing of the staff.
Your facility is in a high crime area. Crimes such as arson or theft can devastate a business and even incidents of minor vandalism can cause major inconvenience. Standard burglar alarms are small deterrent for criminals these days but a physical presence of a professional security guard can make a significant difference; not only acting as a deterrent but as an active force for preventing crime against your … Continue Reading
One of the first questions to be solved for those trying to start a business is ‘Where is the right place to set up a company?’ Traditionally, there were only a few answers. The conventional ‘office’ is a formalised, standardised environment which looks much the same for every industry. There are cubicles or booths to separate employees, until break time when they assemble in a communal space.
It is the traditional image of the office. However, things have changed a lot over the last twenty years. Now, the term ‘office’ is used to describe a broad range of corporate environments. Just check out a company like Google or Pixar to see how creative corporate design has become. It means that, for new businesses, there is a lot more choice and, if a little flexibility is required, it is easy to get it.
This guide to the most common alternatives to a traditional office lease can why it is not your only option.
In Hong Kong and other regions of Southeast Asia, some providers specialise in flexible office solutions. These virtual facilities – like ones available at Servcorp Hong Kong – are designed to offer a less restrictive take on the traditional workspace. They are shared with other tenants because the resources are freely accessed. In other words, you do not pay to rent a private space. You just sign up and turn up, as you would to a public library or another shared environment.
These workspaces are more upmarket than virtual offices, and they are private, not shared. Crucially, however, they can also be rented out on a short-term basis. It means that companies do not have to worry about splashing the cash now, only to get stuck in an unaffordable lease at a later … Continue Reading
An Important Guide to Succeeding as a Blogger You may have been told that blogging is a DIY idea you can embrace and earn a good living from the comfort of your home. That’s correct, but there are some measures you have to take into account to make your idea a success. If you’re preparing to start blogging, check out how to make money by this method: Identify Your Niche When you’re a blogger, the last thing you want is to come across as Jack of trades and master of nothing. As such, determine a niche on which you can have an iron grip and comment expertly. When you’re a specialized writer, your audience is more likely to treat your blog as credible. Just trim your focus to topics like fashion, physical well-being, or sports.
Why not learn more about Blogging?
Find Your Voice
Why not learn more about Blogging?
You’re not likely to write on a topic that nobody has handled before, but you can sound different and fresh every time you write about it. You can achieve that by finding your own voice. People don’t usually have the same reactions to and opinions on any news, event, or trend, and that means you have an opportunity to share your unique thoughts every time you write on an interesting topic. Including your own voice is very important because it means your audience will never mind stopping by your blog to see what your thoughts are about a subject matter, even if they’ve read about it elsewhere. Write Accurately The reliability, and eventually, success of your blog as a business idea will be in a way influenced by the correctness of the information you supply. As such, ascertain that your analysis is the outcome of common sense and sound research. … Continue Reading