Does low credit score affect your eligibility to get an unsecured business loan?

It is an undeniable truth that the chances of getting the loans sanctioned are directly dependent on the credit score of the individual and hence, it can be said with absolute certitude that having low credit score significantly affects your chances of getting a business loan. This effect also proliferates significantly if the type of loan that is applied for is an unsecured small business loan.

We need to understand that unsecured business loan is a type of loan that does not require any collateral to be attached and hence, there is no risk associated with the properties or any tangible asset. This is one of the most rewarding unsecured business loan preferred by most of the business owners because of its innumerable benefits.

Unsecured loans are dependent on the following factors:

  1. Business Plans: The business loans are easily granted to small and medium enterprises that have a comprehensive
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What are the benefits and features of Unsecured Business Loans?

Many times, promoter funding is not enough for SMEs to scale the business. In such an instance, it is imperative for the SME to turn to external financing to boost their business prospects. However, banks often view SME lending to be risky due to the limited turnover and small tenure of operations. Thus, they often stipulate unfavorable conditions like a high collateral cover. Owing to the small ticket size of SME finance, unsecured loans to SMEs are perceived as being low-profit avenues by banks. Since SMEs have a limited asset base, the high collateral security requirement is difficult for them to comply with. The entire loan sanction process in traditional banking channels is time-consuming as it involves extensive verification by the banks and valuation of the assets provided as security by a valuer.

In such a scenario, the timely, zero collateral unsecured business loansoffered by fintech lenders are highly … Read More

TERM PLANS TO CHOOSE FROM

A must have in today’s times; Term Plans help provide the needed protection to our dependents in cases of any uncertainties. A term plan is an insurance policy that provides protection for a definite period. In the event of the death of the insured, the term plan pays a sum assured to the beneficiaries of the insured. In case the policy holder survives the policy term, a term insurance does not provide any survival or maturity benefits. However, certain companies offer term plans that pay back the premiums paid as per the terms and conditions, if the policy holder survives the tenure.

HOW IS A TERM PLAN USEFUL IN MODERN TIMES?

In these modern times, there are several reasons as to why one must avail term insurance. Some of the important reasons for investing in term insurance are mentioned below:

  1. Financial Security – Best Term Plans build a safety net
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Ways to Create an Event Budget

When faced with the task of organizing an event, planning is key. When you are the planner that point is a bit moot. Organization is the only way to reduce the tension of the moment and get a handle on potential problems and their resolution.

Having an organizer, or calendar, is a good start and an old way of doing things. Pages tend to curl, and pieces of paper placed in the margins are never perfect. Using an excel event budget template is a modern accessible alternative, and there is no need to find a pen to jot things down.

Event Budget Software or Creating Your Own

If you aren’t sure about any programs in your Microsoft Office other than Word, then a software program may be the best choice. There are several prominent software products available. Each adds ease and convenience. Depending on the size of an event, and … Read More

Removing Sound From Business Videos Using Movavi Video Editor

Sometimes when you record business videos the audio quality leaves much to be desired. It may be because of the fact that most cameras have mediocre built-in microphones at best, or it may just be that there was a lot of background noise at the time.

In any case if the audio quality is poor that’s going to destract from your entire business video – which is undoubtedly the last thing you want. As such, your best bet would be to remove the sound entirely, so that you can then replace it with a new track instead. Although that may sound hard, it is actually pretty easy to pull off with Movavi Video Editor.

If you’re ready to get started and learn how to remove sound from video, launch Movavi Video Editor and select the ‘Create project in full feature mode’ option in the launch window. Next, … Read More