>5 Misconceptions about Business Loan that needs to be debunked Posted by reliancecf on December 13th Zach Britton Yankees Jersey , 2016
Starting a business of your own is not a far-fetched idea anymore. This is especially because of the recently launched initiative like “start-up India” by the Indian government to promote entrepreneurship. But many a times, we are not able to turn our dreams of establishing a company into reality due to lack of financial support. It is important not to let financial difficulties get in the way of realizing your dream, especially when it is easy to get business loans in India.
There are a few myths associated with business loans. Get aware of them before you apply for a loan. The top 5 myths about business lending are listed below.
1. Loans with lesser amount don’t get approved
Business loans don’t always mean that the loan amount has to be in crores. There are businesses that require hefty sum for loans, but this does not mean that loans with smaller amounts are never approved. Nowadays C.C. Sabathia Yankees Jersey , government lay equal importance to small and medium enterprises and therefore business loans with lesser amounts are eligible for the grant.
2. New businesses cannot apply for loans
The startup culture is gaining popularity in India. While a lot of them start with investors venturing in, many have to face a lot of difficulties when it comes to capital investment. But this doesn’t keep new businesses away from getting loans. Although, it is easier for well-established businesses to seek loans, banks and other financial institutions are coming up with start-up loan schemes to lend financial support to new and promising businesses.
3. A good credit score is what matters the most for loan grant
Undoubtedly Greg Bird Yankees Jersey , a good credit score is a strong influencer while seeking a small business loan in India. But nowadays, financial institutions give weightage to other factors as well. These include your business history in terms of profits, stability and financial status. For a new business, growth plan and long-term vision will be closely reviewed by the financial institution. But make sure to keep your credit score high with timely repayments of credit card bills and other debts.
In case your loan application is rejected by the bank, you can approach non-banking financial companies. They consider the strength of your business plan and your capability of loan repayment. So do your research and find a good lender.
5. Loan approval takes way long time
If your documents (income statement, business plan, etc.) are in place DJ LeMahieu Yankees Jersey , loan approval does not take a lot of time. Make sure you present accurate information in your loan application. Once the bank verifies your documents and is convinced about your ability to repay the loan, your application will be approved.
With government initiatives and loan schemes for start-ups, starting a business has become much easier. At the same time, don’t limit your options only to banks. In fact Gary Sanchez Yankees Jersey , look for financial institutions that offer business loans at a minimal interest rate.
Pregnancy nutrition is one of the most essential thing for the health and wellness of your baby .Dr Tandulwadkar says a well balanced diet is the best gift you can give to your baby in utero. She says nutritious diet during pregnancy help to establish essential building blocks of growth and overall health of your child. Healthy diet during pregnancy will give your baby a head start in life. This is the reason that dietary counseling is the most important part of her treatment plan for all pregnant women. She believes that pregnancy is a physiological process & the role of obstetrician should be limited to keeping a close watch & intervening only when there is deviation from what is expected through deft guidance.
According to her it is a myth that if you are pregnant you need to eat for two. In fact though it is true that your nutrient needs increases in pregnancy ,but calories requirement are increased by 300 calories only. Your baby needs healthy food that is packed with nutrition not with empty calories as present in cold drinks, sweets , icecreams & other junk food. Excessive weight gain during pregnancy will land you in complications like gestational diabetes and gestational hypertension. A pregnant woman should gain weight gradually and only 3-4 pounds per month only to prevent complications.
Dr Tandulwadkar says 40 weeks of pregnancy are magical time. Keeping healthy life style throughout Troy Tulowitzki Yankees Jersey , before and after pregnancy as well is key to have complication free antenatal period and a healthy baby. She says important steps to a healthy pregnancy include eating balanced diet, gaining the right amount of weight, enjoying regular physical activity and taking vitamin and mineral supplements prescribed by your doctor. Moms to be should have a balanced diet with a variety of foods which can provide with enough nutrients for pregnancy. Safe food practices are also important, since pregnant women are at high risk for of food borne illness. So pregnant females should eat homemade fresh food. Pregnant women need a balanced diet including.
Fruits and vegetables: Eat a variety of colorful fruits and vegetables should be well washed.
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18.01.2020 10:10
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