NEW DELHI/MUMBAI Businessman Vineet Pandey has 500 housekeepers, security guards, electricians and plumbers on his books, servicing offices in India’s booming financial metropolis Mumbai. He would love to rent extra to maintain up with demand, however can not get a bank loan.
And for those who only fund the business through money, you usually tend to go slow by working at your day job. This forces many people to build up a business to the point that it actually replaces their common revenue, instead of taking on debt to both run the business and paying their living expenses. Alternative lenders typically supply online applications, make decisions on approvals in a matter of hours and providing funding in lower than five days.
Who it is good for: Kabbage is a compelling possibility for small on-line businesses that do not meet stricter requirements of other lenders. It’s additionally a contender for enterprise … Read more