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Do you Understand Interest Coverage Ratio?

As a good financial management principle, it is always advisable to have an optimum mix of debt and equity to maximize your return on the capital invested into the business. Equity is the amount of capital invested by the owners of the business while debt consists of the business loans, mortgage loans availed from banks and financial institutions.

When one takes loans from banks, it has to service the debt by the regular principal and interest payments. So, indeed it makes sense to know how better placed you are in terms of servicing your debt obligations, especially the interest part.

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Loan Frame Is Service Provider App To Get Loan For SMEs | MoneyBhaskar

 

बिजनेस के लिए लेना है लोन तो मोबाइल ऐप डाउनलोड कर करें अप्‍लाई.

करोल बाग में छोले-भटूरे बेचने वाले कारोबारियों को लोन चाहिए था, लेकिन बैंकों ने उन्‍हें लोन नहीं दिया। बेटे ने गूगल सर्च करके लोनफ्रेम मोबाइल ऐप डाउनलोड किया और ऐप में ही ऑनलाइन फॉर्म भर दिया और 7 से 10 दिन में उन्‍हें 66 लाख का लोन मिल गया। लोनफ्रेम ऐसी मोबाइल ऐप है, जो कारोबारियों को लोन दिलाने में मोबाइल एग्रीगेटर की भूमिका निभा रही है। लोनफ्रेम कंपनी की शुरुआत अगस्‍त 2015 में सिंगापुर से हुई और मार्च 2016 में कंपनी ने भारत में शुरुआत की और अब एक महीने में 700 से 1000 करोड़ रुपए के लोन के लिए एप्‍लीकेशन कंपनी को मिल रही है। रोजाना 100 से 150 लोग लोनफ्रेम ऐप को डाउनलोड कर रहे हैं। ऐप को लेकर छोटे कारोबारियों में अधिक क्रेज हैं। लोनफ्रेम के को-फाउंडर ऋषि आर्य ने moneybhaskar ने बातचीत की। पेश है बातचीत के मुख्‍य अंश –

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8 Reasons Why an Online Business Loan Marketplace Should Be Your First Port of Call

Marketplaces have always been the preferred shopping choice since forever. In the offline world, marketplaces that showcased a variety of products sold by multiple merchants made it easier for a shopper to pick and choose the best product at the best price. When this model moved online (with the likes of Amazon, ebay, Flipkart, makemytrip), ‘convenience’ got redefined and was taken to another level.

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Window Shopping For Small Business Loans Doesn’t Come Free

Window shopping is taken very seriously by some shoppers when they visit markets or malls. This isn’t surprising when it comes without any costs attached. Not so much when you are in the market for a loan for your small business. Each window you stop at ends up making you and your small business a little less credit worthy.

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“We are only as strong as we are united, as weak as we are divided.” – Dumbledore in Harry Potter and the Goblet of Fire

Optimising Your Small Business Loans With ‘Debt Consolidation’

The title quote could apply just as well to your loan book as it does to Rowling’s book! Habitually, borrowers have preferred to borrow from multiple sources, in multiple forms. A Term Loan from Bank ‘A’, a Working Capital Facility from Bank ‘B’, a Loan Against Property from NBFC ‘C’, an Overdraft from Bank ‘D’, and so on. The reasons for doing so are varied: changing needs over time that require additional borrowing, perception that distributing the lender base and type of loans increases borrowing ability, and a false hope that the true extent of leverage cannot be clearly assessed by a new lender.

Some of these reasons may have been valid in a pre-digitisation era and in a time when credit scores and records were not consolidated in one source. However, these perceived advantages have been rendered totally irrelevant now.

Continue reading ““We are only as strong as we are united, as weak as we are divided.” – Dumbledore in Harry Potter and the Goblet of Fire”