In the current financial year, businesses are expected to require Rs 11.2 lakh crore in working capital, up from Rs 8.7 lakh crore in the previous year. As a result, businesses will need more capital to meet their operational expenses, such as inventory purchases, salaries, and other expenses. As the lending sector becomes increasingly competitive, […]
Easy Tips to Secure a Working Capital Loan
Running a small business is not an easy feat. One has to manage finances, ensure product fulfilment, and manage customer service. Seasonal fluctuations or drops in sales lead to a host of challenges, many of which need a working capital loan to be resolved. A working capital loan provides businesses with financial assistance to stay […]
7 Reasons Why Your Working Capital Lending Operation Needs to Be Updated
Technological advancements have changed lending significantly – banks are integrating fintech and modern loan origination software in their legacy systems. And automation has enabled small players to compete with banks by offering loans at competitive rates. However, since technology keeps changing, you’ll need to update your working capital lending operation to stay relevant. While automation […]