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, […]
Working Capital Loans: Propelling Startups
Working Capital is a financial metric that, despite its technical definition, is better understood in the literal sense of the term which is, ‘the capital that works’. As a production factor, it generates revenue and ensures the continued existence of the other three aspects, such as labour, land, and entrepreneurship. Working capital management entails controlling […]
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 […]