How Fintech Lenders Are Better Than Banks?
Fintech lenders are slowly becoming the lenders of choice for many business owners. Fintech lenders are surpassing the bank lenders and offer different business loan products. Traditionally, bank lenders have been the medium of business loans. They are tried and tested option. But in today’s change in the financial sector and technology, they are becoming the second option for loans for business. In this blog, we shall discuss the drawbacks of bank lenders and advantages of availing a business loan from Fintech Companies in India. Drawbacks of Bank Lenders Also Read: Business Loan Eligibility Criteria For An NBFC Business Loan The
Read moreWhat Are The Due Dates For Payment Of Advance Tax?
Advance Tax is the payment of taxes in advance instead of a lump sum amount at the end of the year. Advance Tax Payment method is also called pay as you earn tax. Under advance tax payment, the taxpayer makes an advance payment of the tax on an estimated total income. Through the implication of advance tax, Indian government collects the tax throughout the year in installments. This pay-as-your-earn scheme is provided by the Income Tax Department. In this article, we shall discuss who should pay advance tax, what its due dates are, and how to calculate it. Who should
Read moreWhat Is TIN Number & How Small Businesses Can Apply For It?
A TIN number is required by the taxpaying business enterprises to track their transactions. All the business entities which are registered under VAT for trade would require a TIN number. In this blog, we shall discuss what is meant by tin no, why it is required, and how to apply for it. What is a TIN Number in India? Also Read: How To Apply For PAN Card & Know Your PAN? The TIN number full form is Tax Identification Number. The state government has levied VAT or sales tax on the sale of goods and services. For this, a TIN number
Read moreHow To Create A Business Plan For Your Small Business?
A business plan is one among the most important business documents. A well-defined business plan is required to start a new business and manage the existing one. Nonetheless, business plans are dynamic documents and they change over time with the change in the market. So, they must be regularly updated and kept current. The major uses of the business plan include obtaining a business loan and raising funds through equity. In this blog, we have discussed how to write a business plan step by step. Business Plan Template Also Read: MSME Loans In 59 Minutes: How To Avail It? A well-drafted business
Read more2 Key Data Acquisition Challenges Of Indian Digital MSME Lenders
My Co-Founder and I started ZipLoan (Digital lender for micro businesses in India) around 3 years back. Over the last three years, ZipLoan has emerged as one of the key Digital MSME (Micro, Small and Medium Enterprises) lenders in India. However, given the gap in the current credit supply versus demand in this segment, the journey has just begun for us. Digital MSME lending in India is a very vibrant space today receiving a lot of interest from the Government, Regulators, Global VC & PE funds, Banks, NBFCs, and the new FinTech firms. Demonetization (Nov 2016) and GST (Goods &
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