Author name: SME Loans

4 Embedded finance platforms empowering SMEs in USA

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Embedded finance transforms how individuals interact with financial services, opening up many possibilities for financial and non-financial businesses to reach a wider market. Embedded finance seamlessly integrates financial services into the everyday operations of small businesses, enabling them to manage larger transactions without relying on expensive external assistance or cumbersome paperwork. These features streamline administrative […]

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A 21-YEAR-OLD ENTREPRENEUR IS BRIDGING THE CREDIT GAP PLAGUING INDIA’S SME SECTOR

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Despite the vital contribution by small and medium enterprises (SMEs) to the Indian economy, many of these businesses struggle to secure timely and cost-effective credit due to the limitations of traditional banking mechanisms. https://yourstory.com/2023/11/21-year-old-entrepreneur-bridging-credit-gaps-smes-soptle-startup

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Financing and high credit costs among biggest issues faced by SMEs in India, says FICCI report

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Small and Medium Enterprises (SMEs) in India face inherent challenges in financing despite several schemes and incentives by the government, according to a new report by the Federation of Indian Chambers of Commerce & Industry (FICCI). The FICCI report highlights the resilience and transformation of SMEs in India. https://www.cnbctv18.com/business/companies/financing-and-high-credit-costs-among-biggest-issues-faced-by-smes-in-india-says-ficci-report-18100161.htm

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Emirates Development Bank launches supply chain financing for SMEs with Trade Capital

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Emirates Development Bank, the key financial engine of UAE economic development and industrial advancement, has inked a Memorandum of Understanding (MoU) to create supply chain finance and working capital solutions for SMEs in collaboration with Trade Capital Partners (TCP). https://english.alarabiya.net/business/economy/2023/08/17/Emirates-Development-Bank-launches-supply-chain-financing-for-SMEs-with-Trade-Capital

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N.E.A.T Microcredit Introduces Collateral-Free SME Loans

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N.E.A.T Microcredit is giving opportunities to businessmen, women, and young entrepreneurs to grow their businesses by giving out SME loans with zero collateral. The fast-growing company, established in 2017, is using this platform to offer its economic growth program to establish and sustain small and micro businesses and improve Nigeria’s economy to build companies that

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SIDBI PLANS TO RAISE RS 10,000 CR FROM RIGHTS ISSUE NEXT FISCAL TO EXPAND EQUITY CAPITAL

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The central government owns 20.8% in SIDBI, while the State Bank of India holds 15.65%, and Life Insurance Corporation 13.33%. The rest of the equity is held by other public financial institutions and banks. The shareholders will subscribe to the proposed rights issue. The lender’s loan growth optimism comes from the demand for direct financing

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