What is a Line of Credit (LOC)?
A line of credit (LOC) is a preset borrowing limit that borrowers can withdraw at any time. It is an arrangement between a financial institution, usually a bank, and a client. The borrower can obtain money as needed until [...]
What is a Microloan?
Microloans are short-term, lower-dollar-amount loans. It is available to self-employed people, new businesses, microenterprises, small firms, and private individuals with little or no capital. A sort of tiny loan known as a microloan is given to microbusiness owners or [...]
What is a Profit & Loss Statement?
A profit and loss statement simply known as a P & L account or income statement is one among the financial statements which provide the company’s revenue, expenses, profit & loss over some time. The P&L statement will help [...]
What Is an Expense Report?
One uses an Expense Report form to record business expenses. The employees report various business expenses incurred by them out of their pockets. It includes any purchases that are necessary to run a business, such as parking, meals, gas, [...]
What is Capital Budgeting?
The term "Capital Budgeting" refers to the idea that a corporation should make decisions regarding its resources in order to maximise earnings over the long term. Perhaps you're curious as to what this phrase means and why it's so [...]
What is Cash flow statement?
Businesses prepare three financial statements to show how they're doing. These statements are the balance sheet, income statement, and cash flow statement. A cash flow statement is a financial record that details the company's cash intake and outflow during [...]
What is Current Ratio?
The current ratio is a liquidity ratio that calculates a company's ability to meet its short-term debt and obligations, or those due in a single year, using balance-sheet assets. The working capital ratio is another name for it. Investors [...]
What is Depreciation?
When we purchase any fixed asset, its value decreases over time. It means that when we sell the asset, we are not selling it at its original price but at a lower price, and this lower value is known [...]
What is MSME Loan?
Entrepreneurs and owners of businesses can apply for MSME Loans, commonly referred to as Micro, Small, and Medium Enterprise Loans. This sort of loan gives you access to operating capital that you may use for a range of things, [...]
What is Mukhyamantri Yuva Udyami Yojana?
The Mukhyamantri Yuva Udyami Yojana was developed by the MSME Department of the Madhya Pradesh Government & incorporated this scheme to provide loans through banks to the unemployed youth of Madhya Pradesh to help them set up their industry [...]
What is Overdraft Account?
You incur debt when you use your overdraft (also known as "going into your overdraft"). People should only use overdraft accounts for short-term borrowing or emergencies. It's critical to manage an overdraft account like any other debt and keep [...]
What is Pavala Vaddi MSME Scheme Andhra?
The Andhra Pradesh government (Ministry of Finance) launched the Pavala Vaddi MSME scheme. Aiming to provide interest subsidies on bank loans earned by self-help groups in the state. The scheme aims to lower the cost of starting new micro [...]
What is Startup Punjab Scheme?
The economy of a state is heavily reliant on creativity and entrepreneurship. The state of Punjab has a reputation for being a leader in terms of overall prosperity and development. Industry, agriculture, education, health, literature, sports, arts, and culture [...]
What is Term Loan: Types, Eligibility, Documents
Term loans are loans that are of a fixed amount distributed by the banks or NBFC to entrepreneurs. At the same time, entrepreneurs can use it for capital expenditure and expansion of business with fixed and floating rates of [...]
What is the difference between liability and debt?
Debt majorly refers to the money you borrowed, but liabilities are your financial responsibilities. At times debt can represent liability, but not all debt is a liability. Liability vs Debt is a vital part of any business that wants [...]
What is Unsecured Business Loan?
Unsecured business loans are an excellent funding opportunity for businesses that don’t own many assets. This loan doesn’t require collateral security to submit to the bank or NBFC. A secured loan uses assets as security, which means if things [...]
Which are the Best Low Investment Business Ideas?
Not all the business require huge capital to start with. Putting your business ideas into reality and making them happen is the hard side. Entrepreneurs struggle to find investments and ideas to kick start their business. Governments encourage individuals [...]
Which Business Expenses to be Tracked?
If you are just commencing your business or if you are looking to expand soon, you need to track your business expenses. Tracking business expenses will help you minimize your taxable income, but it will also help you control [...]
Which loan scheme is best for business?
The requirement for funds varies for each business. As per the type of business, the scale of operation, repayment capability, amount of fund required may change. Business entity faces a lot of difficulties to get the right kind of [...]
Why do you need a GST Invoice: Advantages of GST Invoice
Maintaining a successful business requires a great deal of skill, expertise, and aptitude. However, you still require more than that. To operate a business, you must also have a solid understanding of the GST system of taxation. Finline explains [...]
Why do you really need a Project Report?
The world has changed a lot since the idea of a project report was formalized decades ago. Things move much faster now and it’s easier than ever to get a business started. So, it’s rational to think that startups [...]
Working Capital Loan
Working Capital Loan is a type of short-term loan availed by firms for their daily operational expenses. They support the businesses to become more focused on their growth and generate capital. These loans in India have become popular among [...]