Wednesday 16 May 2018

How do you finance your small business?

Getting financed in start-up phase is kind of hurdle for many companies.Financing in any business can be challenging whether you are looking for expand or money to hold.
Govt. of India runs some scheme in collaboration with SIDBI (Small Industries Development Bank of India) to give unsecured loans to business. Loans will approve up to Rs. 30 lakh. These loans come with Low interest rate and Money in your bank account in 48 hrs.
Here, vFabShine shares some of the popular financing techniques which will help you.
1.Get A Bank Loan:-
Banks have variety of schemes.Some schemes for development of agriculture like Crop loan,Horticulture financing etc.Some of its funding schemes for businesses other than agriculture like corporate term loan,project finance etc. Explore these options and try to establish your business as a best fit to avail these loans.
2.Crowdfunding website:-
There are many crowdfunding websites in India. They are Fundraising for social,charity,movie,music, personal and creative causes. vfabshine shares some websites name for crowdfunding that are
#Ketto
#Milaap
#BitGiving
#ImpactGuru etc.
3. Microfinance in India:-
Government of India runs some popular schemes in public sector. Many companies are there who provides financial services in private sector too. Such as
  • Tata Capital
  • L & T Microfinance
  • Reliance money
  • Annapurna Microfinance Pvt Ltd.
  • Arohan Financial Services Pvt Ltd.
  • Asirvad Microfinance Pvt Ltd.
  • Bandhan Financial Services Pvt Ltd.
  • BSS Microfinance Pvt Ltd.
  • Cashpor Micro Credit.
  • Disha Microfin Pvt Ltd.
  • Equitas Microfinance Pvt Ltd
These firms provide you financial services . Check with them if they have some lucrative loan scheme for your business segments.
For more details check out my F/B page VFabShine
and also visit my website www.vfabshine.com

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