Micro, small and medium enterprises (MSME) play a key role in India’s industrial production and the sector contributes nearly 30% to the country’s gross domestic product (GDP). They account for around 40% of India’s exports and employ 11.10 crore people, according to the 2022-23 annual report of the MSME ministry. The sector’s contribution to the service […]
Indostar Capital Finance Ltd (Indostar) has sold a stressed loan portfolio with principal outstanding at Rs 292 crore to Encore Asset Reconstruction Company as a step to clean up books. Indostar, which is backed by private equity investor Brookfield, said the sale of the SME loan portfolio comprised several stressed accounts resolved on December 30, 2023
Brookfield-backed Indostar Capital sells stressed SME loans worth Rs 292 cr Read More »
If you’re wondering how to get a small-business loan, you’ll want to devote the necessary time to do your research and find the right fit. It can take months to access funding, especially when it’s backed by the U.S. Small Business Administration. By understanding all your business loan options and not rushing the process, you’ll
How to Apply for and Get a Business Loan in 6 Steps Read More »
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