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Businesses require capital to fund their daily expenses and carry out business expansion activities such as buying a new plant or machinery, raw material purchase, etc. In case of financial crunch or expansion, companies may avail of a business loan to get financial assistance. A business loan is a time-bound debt that the company is obligated to repay under fixed terms and conditions.
Some business owners use business loans to pay for daily expenses such as salaries and wages until their new company gets off the ground, while some use borrowed funds for office supplies, inventory or furthering projects. Business owners must make sure to have a clear outline of how the money will be spent since lenders need details on where the borrowed money will go.
Getting a business loan/ SME loan has many benefits. Some of them are:
The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.
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