HELSINKI Air VaporMax 97 Japan Black Neon Green Sale , Sept. 19 (Xinhua) -- The Research Institute of the Finnish Economy (ETLA) upgraded on Tuesday the Finnish economic growth outlook in 2017 to 2.9 percent.


The forecast made by ETLA in March this year was only 1.7 percent, said the institute. The upgrade prognosis was based on several international and domestic factors.


Finland's GDP grows against a background of the positive trend of the global economy and growth in the euro area, noted the institute. It said the global economy is experiencing an upswing, and the growth in the euro zone has picked up.


Domestically, the Finnish economy grew faster than expected in the first half of this year by 3.1 percent. Meanwhile Air VaporMax 97 Silver Bullet Sale , total exports increased by nearly 10 percent.


Bolstered by low inflation, private consumption in Finland rose by 2 percent year on year. The employment was slight improved, and investment experienced a sharp rise between January and June this year.


ETLA predicted that the Finnish economy will grow moderately by 2.0 percent in 2018 and 1.8 percent in 2019, as export growth will slow down due to the decrease of ship deliveries, investment growth will drop dramatically when major projects are finished Men's Air VaporMax Plus Triple Black Sale , and the increase of private consumption will be lower then this year.


Later on Tuesday, the Finnish Ministry of Finance published its economic survey, in which the projection of the Finnish economic growth pace was made almost the same as ETLA's forecast -- 2.9 percent in 2017, 2.1 percent in 2018 and 1.8 percent in 2019.


Senior CPC official says stable ties vital to reform of China, Vietnam


PLA Navy frigates introduced to visitors at Port of Antwerp Men's Air Max 97 CR7 University Red Sale , Belgium


Aviation Expo China 2017 held in Beijing


Contest for China Acrobatics Golden Chrysanthemum Awards held in Shandong


China to build cross-provincial national park for giant panda


Aerial view of paddy fields in SW China's Guizhou


Special snacks displayed during 14th China-ASEAN Expo


Scenery of paddy fields in Baicheng, NE China's Jilin

Business > Marketing > Online MarketingBusiness Loans: 7 Myths and Reality

Posted by mymoneymantra in Business on June 30th, 2018


Running a business is one of the most complicated tasks that involve handling multiple duties at the same time. It also requires you to put in extra efforts and long hours just to make sure that your business venture gets on the track of success. Initially, you have to use your personal funds to get your business going, but after the size of your business grows considerably Balenciaga x Air Max 97 Triple Black Sale , your personal finances might not suffice to keep up the pace of growth. In such a situation, the best option for you is to seek funding from an external source to keep your business going. There are multiple options that are available in the market, but the most suitable option with numerous advantages is a Business Loan.




What is a Business Loan?


Business Loan is a term given to different financing options that are extended by recognised financial institutions, banks and non-banking financial companies (NBFCs), to business owners for the different business-related purpose. Depending on the nature of requirement and your credit profile Air Max 97 CR7 Triple Black Sale , these loans might be secured or unsecured. The rate of interest and repayment tenure depends on the terms and conditions of individual lenders. You can apply for a Business Loan online as well as offline, depending on your requirements.


Myths Related to Business Loans


Business Loans are one of the most beneficial financial products for business owners, but as is the case in the Indian market, there are numerous myths associated with them that deter a large number of business owners who are looking for the said facility. Understanding the importance of availing a Business Loan for the financial health of a business, here we are enlisting the most common myths that are doing rounds in the market and their answer as well:

You need a perfect credit score

Although it is true that a good credit score is vital in deciding the outcome of a Business Loan application Women's Air Max 97 Premium Sneakers Light Bone Sale , it does not mean that if you have a lower credit score, then your application will not be approved. There are various lenders in the market who offer Business Loans for lower credit score also, but as their risk factor is increased, they charge a higher rate of interest against the facility. You can also opt for secured Business Loans if your credit score is low.


You need security to pledge
Having collateral significantly increases your chance of getting a business financing, but it is not written anywhere that if you do not have security Men's Air Max 97 Plus Racer Pink Hyper Magenta Sale , your loan application will not be approved. There are various lenders offering unsecured Business Loans that do not require you to pledge any security. Similarly, Government of India has also introduced various schemes that help you get unsecured Business Loans.


Business Loans are for higher amounts only
This is a common misunderstanding amongst a lot of people that Business Loans are meant for higher amounts only, running into crores. But it is not the case. Business Loans are offered by various financial agencies from amounts starting as low as Rs. 50,000 and going up to crores of rupees. It all depends on the nature of your requirements and repayment capacity.


Using personal savings is a better idea
In India, most of the businesses are family owned Men's Air Max 97 Premium Shoes Blue Sale , and it is common thinking that taking a loan is a bad omen and you can manage everything with your personal finances. But have you ever thought that once your personal savings are exhausted, you are exposed to various risks on personal as well as a professional level? If your requirement can be met through a Business Loan, which you need to repay in EMIs (Equated Monthly Instalments), then why wipe out all your hard-earned savings in one go.