Financeseva-Loan

  For availing of a business loan from the bank or financial bodies for a new start-up business, the borrower must submit a detailed project report for loan. All the necessary requirements and official documents have to be provided with the project report.   Make sure that the Project Report is structured in such a way that it represents the idea of the whole business and can be easily understood by the lender. Further, discussed are the components of the project report required to be submitted in order to avail business loan. Scope of the Project The scope of the project should have below mentioned below: Promoter’s details Product and services   Plant & Machinery /equipment Market potential & strategy Manpower requirements Risk and mitigation strategy Project Feasibility Ratio Project feasibility ratio is basically deciding on the ratio of cost, discounts, and revenue of an enterprise.   It can be presented in the form of a graph by mentioning the yea...

  CMA report is also known as Credit Monitoring Arrangement report. This is also the expanded form of the CMA. It is a report that shows the projected performance and the past performance of a business in financial terms.   It is compiled with all the required financial ratios and metrics to help Financial Analysts and Bankers to ascertain the financial health of a business. Most of the Banking and Financial Institution request the applicant to prepare a CMA report to understand the flow and application of funds in a business. A professionally prepared CMA report can enhance the chances to obtain a bank loan. The following are the points of the CMA report , which should include all the information.   Information about your current financial condition, borrowed fund and proposed fund are covered. If the business is new, proposed data is required to be given. Operating statement: You are required to show the past 2 years and future 3 years' operating statements. All profit ...

  Secured loans are a type of debt where a borrower mortgages their immovable property or hypothecates their movable assets to get the necessary funds. It is one of the easiest loans for people to avail themselves. Secured loan applicants get low-interest rates and flexible tenures because the borrower has given their property as collateral and the bank can benefit from the lower risk profile. Failure to repay the loan leads to the loss of the property as the lending institution disposes off the same to recover their money. The purposes are buying a new car, a house, or starting a new business. This allows applicants to do things that would not have been possible otherwise due to lack of funds. What Types of Collateral Can be Used to Back a Secured Loan? Any asset under the umbrella of law can be used to obtain a\ secured loans for bad credit , mostly lenders seek liquid collateral easily sold for cash and has a value roughly equal to the secured loan amount being borrowed. Gen...