SMEs in India: Impact of GST on Small and Medium Enterprise. Tips to Maintain Cash Flow with Short Term Business Loans. Invoice Discounting: A Reliable Option for a Small Business. Know How to Enhance Business Loan Eligibility: Top Secrets. 5 Tips for Easy Repayment of Taxi Loans. Posted by ankitshrivastav112 in Finance on March 29th, 2017 Radio taxis are getting more popular by the day for the convenience of hassle-free traveling. Key players Ola and Uber are now constantly coming up with new offers, discounts, and fresh features to achieve market leadership. Features like Ola Share, Uber Pool, and even outstation rentals are activated by a simple swipe of the mobile screen. The privilege of booking a taxi from home at reasonable fares makes the radio taxi service quite enticing. This in turn also makes it a perfect time to invest in the radio taxi business.
All you need to do is purchase a vehicle and you are good to go. So, as you to consider your loan application for a taxi, read on to find a few useful tips on how you can also repay your loan effortlessly. 1. Look for the most profitable mode of interaction with the lender. 2. It is a good idea to create a savings account and label it 'loan for taxi,' and invest additional savings into that account. 3. 4. 5. How To Choose The Right SME Finance Company. The Small and Medium Enterprises (SME) sector in India has charted a distinct growth trajectory so far. With a noteworthy contribution of 45% to the country’s GDP, one can expect it to play a significant role in India becoming $3.5 trillion economy by 2020.
Offering large-scale employment to a sizeable section of the country’s population is the second significant contribution of the SME sector to the nation’s economy. Pitted against large enterprises, small and medium enterprises have had to face several obstacles to come thus far. Stringent legal policies, lack of adequate and timely finance, complex taxation laws and low adoption of technology are the chief impediments SMEs continue to struggle with today. On the positive side, one can clearly see a slow but certain transition in the ease of doing business in India. Realising entrepreneurial dreams has become relatively easy in the current scenario courtesy recent reforms in the BFSI industry. It’s all about timing 1. 2. 3. 4. 5. Online Seller Finance – working capital loans for e-commerce merchants | Capital Float Blog. The fact that ecommerce is growing exponentially all over the world is undeniable. Entrepreneurs everywhere are competing with each other to get a piece of this lucrative pie.
Definitely, starting a business in the virtual world entails much less costs, making it easier for more and more people to fulfill their dreams of running their own enterprise. However, even with ecommerce, there are some things that do need to get taken care. For instance, you will need an impactful website that stands out among the crowd and you will need products and/or services that the market is currently looking for. You will also need to identify a network of suppliers that you can work with and hire employees to take care of the day-to-day activities as well.
Most importantly, you require capital to keep the business running and leverage business opportunities. Features 1) Loan range from ₹1 lakh to ₹3 crores We cater to a wide range of e-commerce merchants. 2) Customized credit criteria Benefits Eligibility. Features of collateral free loan with multiple drawdowns – Pay Later.
Pay Later is a unique loan product that was conceptualized and created by Capital Float, keeping in mind specific needs of Indian SMEs. This product is exclusively available at Capital Float. With Pay Later, a borrower is given a predefined credit limit, post which the borrower can make multiple draw-downs from the approved limit. The limit is reinstated upon repayment by the borrower. Interest is charged only on the amount utilized and not on the entire limit. These amounts can be used to make payments to suppliers. Click here to read more about this innovative product.
Pay Later: Features 1) Flexible draw-downs You’re never obligated to utilize the entire credit limit in one go. For instance, if you have been assigned 1 lakh rupees with Pay Later, you can make up to 4 draw-downs of 25,000 rupees each and use these funds to make payments as and when necessary. 2) Interest applicable only upon draw-down Traditional loans levy a fixed interest on the entire amount sanctioned. Pros and Cons of a Working Capital Loan | SheCoaches.ORG.
06 Dec 2016 Working Capital is essential for the smooth functioning of a business. Though fixed capital is the back-bone of an organization, working capital is the lifeline. If the working capital is affected, the organization would suffer. Given its importance, businesses ensure their working capital is strong to execute day-to-day operations without bottlenecks.
But what if the funds run low? How will the working capital requirement of the business be met? As working capital is essential for businesses, easy finance options are available for meeting any shortfall in the working capital requirements. What is a Working Capital Loan? A working capital loan is a short-term loan which is granted to businesses so that they can meet their day-to-day expenses like wages, payments to creditors, etc. Are these Loans beneficial? Just like there are two sides to every coin, working capital loans also have their pros and cons. Pros Essential funding is provided in a cash crunch No equity dilution Cons. Capital Float looks to expand to over 100 cities – Livemint. Capital Float plans expansion in over 100 cities as it bids to offer loans for small brick-and-mortar store owners for a bigger share of the growing financial lending market Capital Float, which is currently focused on offering loans to small and medium merchants in Tier 1 and metro cities, is now looking to concentrate more on tier 2 and tier 3 cities.
Mumbai: SME lending platform Capital Float, run by Zen Lefin Pvt. Ltd, is looking to expand its reach to over 100 cities and venture into newer categories like loan for small brick-and-mortar store owners, as it eyes a bigger share of the growing financial lending market in the country. “We are expecting a 10 times growth by the end of March 2017, adding 15,000-20,000 customers (borrowers) cumulatively across all the loan products segment,” said co-founder and managing director Sashank Rishyasringa. The company has offered loans to 3,000 borrowers until now. It currently gets 33% of the business from online vendors.
Importance of Working Capital for Businesses – Capital Float Blog. What is Working Capital? Working capital is the difference between the total number of assets and the total number of liabilities in a company. This amount is spent on executing day-to-day operations in a business. As a result, it is used as an index to measure the health of a company. Enterprises with high working capital are often strong businesses. What are the Uses of Working Capital? In most situations, working capital is used to run operations. What are the Outcomes of Low Working Capital? • Bankruptcy risk: In the case of negative working capital, SMEs use money received from creditors to finance business operations. . • Lack of investment opportunities: Investors are less likely to consider companies which regularly have low or negative working capital.
. • Missed growth opportunities: With large amounts of positive working capital, businesses will have money to spend on pursuing growth. . • Trade discounts: Many suppliers will offer substantial discounts if they are paid on time.