Benefits of Small Business Loans

business loans

Businesses need funding at different phases like when starting a new project, recovering from losses or expanding operations. Starting up a business, however, is the part where funding is almost non-existent. Entrepreneurs must work out ways of making optimal use of their resources in every possible way. This is not however enough. There are other ways of funding your business, and one of the most suitable ways is small business loans. Below are some benefits of small business loans.

Convenient Repayment

moneyThe flexible nature of small business loans reflects in their repayment options as well. Banks offer such flexibility since they understand the complexities involved with businesses and their plans are accordingly designed. They may provide repayment plans according to the cash flow to avoid the difficulties in financial management. Borrowers also decrease or increase the EMI according to the financial condition of the company. Also, they can choose bullet payments for periodic repayments.

Flexibility

You can select from different kinds of loans to fulfill specific business needs. Different government schemes offer business loans designed for SMEs for starting, upgrading and expanding the facility. Such schemes do not require third-party guarantee or security. The financial institutions themselves provide the guarantee cover.

Low Interest rates

Banks are usually different from private lending institutions, and their interest rates are also low. It mostly happens in the case of government-backed schemes since they are designed for public welfare, not for the benefit of the bank. Interest rates are also not determined just by the loan amount. There are various factors kept in mind like the viability of the business model, the tenure of the loan, the credentials of the borrower and the condition of the company.

Easily Available

loan application form

Most banks and some private lending institutions offer small business loans without collateral. This makes it easy for small business entrepreneurs to avail such loans and sustain their ventures. Online applications provided by banks on their websites have made the process simpler than it used to be.

Grow your Business

Finance, technology, and manpower are essential needs of any business. Finance is however a key aspect which makes it possible for businesses to meet all the other needs. Therefore, the required cash flow can be highly critical for expanding your business since it can be used for various purposes to grow the business. You can arrange another facility or buy the required equipment to speed up your business. Additionally, owners have the freedom to use the money according to their preference. It enables them to utilize the funds depending on the needs of the business.

Banks today are realizing the potential of small businesses and offer small businesses loans. They do this in ways such as funding, expansion plans, financing new equipment, and increasing business inventory.…

Sustainable Development in a Diverse World

Welcome to SUS.DIV and EURODIV website!
Two projects and one aim: to provide a better understanding of cultural diversity

SUS.DIV: a Network of Excellence on Sustainable Development in a Diverse World

SUS.DIV a five-year project (2005-2010) that focuses on the relationship between cultural diversity and sustainable development. It integrates European research capabilities across disciplines and countries to provide our society and polity with the instruments and tools for managing cultural diversity as a key element of a new strategy for sustainable development.

some people discussing

The network is co-ordinated by Fondazione Eni Enrico Mattei (FEEM) under the scientific lead of Katholieke Universiteit Leuven (K.U.Leuven). The partnership is composed of 32 Institutes from all around Europe and beyond.

SUS.DIV is co-financed by the European Commission, Sixth Framework Programme, Priority 7 “Citizens and governance in a knowledge-based society” (Contract No. CIT3-CT-2005-513438). SUS.DIV started on 1 September 2005.

EURODIV: a Series of Conferences on cultural diversity in Europe

EURODIV is a four-year project (2006-2009) that aims to organise a series of five Conferences on the understanding of cultural diversity in Europe and how to deal with diversity and its dynamics in the globalisation era. Its primary objective is to provide top level training opportunities to researchers.

EURODIV may thus be thought of as the SUS.DIV’s counterpart that focuses specifically on the training of researchers dealing with cultural diversity.

EURODIV is co-ordinated by Fondazione Eni Enrico Mattei (FEEM) and is implemented by a partnership of European Institutes.

people standing

EURODIV is supported by the European Commission, Sixth Framework Programme, Marie Curie Conferences and Training Courses (Contract No. MSCF-CT-2004-516670). EURODIV started on 1 January 2006.

 

 

2 photo by Natasa Radovic.
The photo in the banner is by
Ottavia Castellina.

This web site is the sole responsibility of the SUS.DIV and EURODIV projects. It does not represent the opinion of the European Community nor is the European community responsible for any use that might be made of the information appearing herein.…