Day: 8 September 2022

WHY SME LOANS GET DENIED

Small Enterprise India

Small and medium-scale enterprises are intensely involved with the economy of the nation. Some of the time, they also play a pivotal role in pushing up the economic growth of a country. But in most cases, SMEs face many financial obstacles, such as arranging capital to start or running the business smoothly. We can all agree that financial flow is always necessary for running or growing a business. To supplement their economic scarcity, SMEs typically apply for loans, but they are met with heartbreaking denials. In some cases, SMEs are…

BILL DISCOUNTING – HOW CAN SMEs BENEFIT

Small Enterprise India

Bill discounting or invoice discounting is the chance to borrow the sanctioned amount of short-term based funds from a lender on the outstanding invoices that the borrower holds. Small or medium-sized businesses require such funds to continue meeting their daily needs. Let’s take an example from our daily schedule of excessive outstanding in some cases. There may be situations when the bigger businesses also need to shut down even after increased debt via loans. But small businesses can’t even exist in such cases as they already have very limited funding…

THINGS THAT SMALL BUSINESSES CAN ADOPT FROM LARGE CORPORATES

Neetu Vijoy Bansal

Small business owners often dismiss certain best practices, processes, technologies etc. as not being relevant in a smaller ecosystem. They may have created a handicap for themselves with this thought process. Over my years coaching SME business owners and Startup founders, I have identified a few things that small businesses can adopt from large corporates. They may require a little bit of adaptation, but they contribute to the overall success and growth of the business. I am sharing a list below and would invite the readers to add to the…