2.momz.one

Selling direct to end consumers is a solid way to capture margin and reduce the sales pipeline. B2C interactions are also a great way to build community, especially if you operate locally through a brick-and-mortar shop. The success of a B2C business, however, varies depending on its products, positioning, and price point. High-ticket items may seem out of reach, but ticket price is not the only factor in how customers perceive affordability.
So how do you manage the perception of cost to sell equipment, appliances, furniture, jewelry, and projects? Consumer financing enables customers to buy right in the store and break down the ticket price of high-value items into manageable monthly payments. Not only does consumer financing take away some of the sticker shock that can come with high-quality merchandise, but it can help to shorten the sales cycle for customers who have to “save up” to make a purchasing decision. This type of financing does not require your business to set up its own lending division, however. It’s much simpler than you might expect.
How It Works
The easiest way to set up consumer financing for your business is by working with a third-party lender who can offer funding at the time of purchase. The lender handles credit checks and payment processing, so you don’t have to. Your business receives full payment from the lender while your customers pay the lender in installments. If you sell online, the lender’s software can be integrated into your website so, customers never have to navigate away from your brand. In exchange for this convenience, the lender typically charges a low, flat rate, plus a small percentage of the sale.
Types of Consumer Financing
What can a third-party lender offer your business in terms of consumer financing? Depending on your business model and needs, you have several options.

Point of Sale (POS) – Offers quick credit decisions at the moment of purchase from your company’s register or website, often used for impulse buys.
By Now, Pay Later (BNPL) – Offers a short-term, typically interest-free way to pay in equal installments, often used by online consumers.
Lease-to-Own – Offers an avenue to ownership without paying the full purchase price upfront, often used for furniture and appliance sales.
Installment Loans – Offers a longer payment plan option with low interest rates and scheduled payments, often used for equipment sales.

These are four of the most popular options but, consumer financing can also take the form of cost deferment, lines of credit, and credit cards too. If your business has a specific option in mind, talk to our about finding the right financing partner.
Benefits of Consumer Financing
The ways B2C businesses can benefit from consumer financing are essentially the same across the different types. In addition to providing more consumer spending options while providing immediate payment to your business, consumer financing has a long list of benefits.

Increased Sales – Once your customer leaves your store or your site, the odds that they’ll purchase from your business drop dramatically. Consumer financing encourages them to stay focused on your brand.
Customer Loyalty – Customers will remember a business that can accommodate their needs without making them feel financially excluded. They’ll be more likely to return to your location in the future.
Improved Cash Flow – While your customers don’t have to pay the full purchase price upfront, your business still sees full payment right away. Consumer financing makes it easier to manage cash flow and fund growth.
Move Inventory Faster – Because your customers can walk away with the item they want or schedule service immediately, you can bring in new inventory to reach more customers faster.

How might your business profit from improved cash flow and a broader customer base? Have you been putting growth on hold while you wait for cash flow to increase?
How to Set Up Consumer Financing
Now that you’ve seen some of the benefits of offering financing to your customers, how do you implement a consumer financing system? While you can do the work of developing your business as a lender, working with a third-party lender takes away risk and headache. It’s important to connect with a lender that understands your business model, matches financing with your price point, and integrates smoothly into your sales process since not all lenders have the same level of experience.
To find lenders who offer robust financing at the most advantageous terms for your business, talk with a member of our team. A broker can quickly filter out lenders who don’t have the flexibility you need or knowledge of your industry. We work with you to determine the size of the program and lending partner that benefits you most, and that can scale and grow with your business.
With consumer financing, you have a tool to overcome the “not the right time to buy” justification. Your broker will help you affirm that any time can be the right time to purchase from your business.

Dunami Lender Guide 

Dunami Direct (PTY) Ltd is a privately owned company that offers short-term loans via an online application system. 

Founded: 2010No. of Staff: UnknownLocation: Headquartered in Cape Town Valid Lending Licence: Registered Credit Provider (NCRCP4849) 

Loan Products 

Dunami provides short-term instant cash loans, from R1000 to a maximum of R5000 for a period of up to 6 months. 

Interest and Fees 

The interest rate varies depending on the duration of the loan agreement . For example: 

The fees associated with a R5000  loan to be taken over a 6 month period would look something like this: 

Maximum interest rate: 3% per monthInitiation fee: R644.10Maximum monthly service fee: R68.40Maximum monthly installment: R 1 105.66 per monthMaximum loan repayment of R 6 654.73

A R2000  loan to be taken over a 6 month period would incur the following: 

Maximum interest rate: 3% per monthInitiation fee: R297.73Maximum monthly service fee: R68.40Maximum monthly installment: R 492.88 per monthMaximum loan repayment of R R2 957.32 

Repayments 

When applying for your short-term loan, an individual would stipulate what their payday date is. Dunami would then raise a debit order for the repayment on this date, on a monthly basis. 

Late Fee 

There is no available information on how Dunami might charge should you skip a payment. There is also no indication of whether or not they are flexible on payment rescheduling. 

How To Apply For a Loan 

Dunami has made applying for a loan swift, easy and accessible from wherever you may be.

Completing the application form on the website also signs you up as a Dunami member. 

Their online wizard portal will conduct an affordability assessment, and you’ll be given the option to download your credit score as well. 

Once your profile is completed, simply select the loan amount you would like and the duration thereof.

Information Required for Application 

The profile you create on the Dunami website will include your physical address as well as your monthly expenses breakdown. 

A valid South Africa IDYour 3 latest payslips Your 3 latest bank statements(You can make use of the Yodlee app on their website, which will enable you to download your bank statement straight from your online banking. This portal is secure, safe and easy to use.) Proof of permanent employment Receiving a salary on a monthly basis An SA cell phone number An active SA bank account Must be 18 years or older 

Minimum Criteria to Take a Loan 

Dunami does not specify the minimum criteria needed to apply for a loan. As with most companies, your approval would be based on your credit risk. 

How Long Will It Take? 

The whole process, from creating your profile to finding out if you’ve been approved, should take about 15 minutes. If you are approved, then the payment is made instantly to your account. Depending who you bank with, this may still take a few hours to reflect. 

Support Team Contact 

There is no evidence that shows whether or not the support team is responsive or how long it takes them to respond to a query. They are available during normal working hours. 

Social Media 

When it comes to social media, Dunami appears to be non-existent, with the exception of a website and an incomplete LinkedIn page. Other than that, they have no social footprint. 

Customer Reviews 

Dunami features on Google Reviews and HelloPeter. 

Google 

It’s difficult to get a good idea of how the public feels about the company. The only two Google reviews are on opposite ends of the spectrum, but neither of them are recent. 

HelloPeter 

HelloPeter is much the same as Google, with vastly different reviews coming from customers within the same general time period. These reviews are more recent than the Google ratings. 

Average Rating: 

Between Google reviews and ratings on HelloPeter, Dumani’s final average star rating is 2,75 stars out of 5. 

Business Financing | Business Line of Credit | Business Loans | Business Management | small Business financing | Small Business Loans

Signs You Need a Business Debt Consolidation Loan

Ezra Cabrera | July 25, 2024

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Every small business owner knows the drill: endless to-do lists, customer demands, and the constant need to keep the business afloat. But what happens when business debt starts piling up?If you’ve ever found yourself in this situation, a small business debt consolidation loan might be the solution you need. By comparing and recommending the best business debt consolidation loans that offer lower interest rates, longer repayment terms, and favorable loan features, you can find options from various lenders that suit your needs.Let’s explore the signs that indicate whether business debt consolidation is right for you and how you can (finally) set your business on a smoother path.

Why Should You Consolidate Business Debt?

Consolidating business debt can be a strategic move for business owners looking to streamline their finances and improve cash flow. By taking out a business debt consolidation loan, you can merge multiple high-interest debts into one manageable payment with a lower interest rate. This not only simplifies your financial management but also reduces the stress associated with juggling numerous payment deadlines.When you consolidate business debt, you can improve your personal credit score over time, as timely payments on the consolidation loan demonstrate responsible financial behavior.

What is a Business Debt Consolidation Loan?

Business debt consolidation loans are a financial tool that combines multiple debts into a single loan, often with a lower interest rate and more manageable repayment schedule. Business debt consolidation financing includes various methods such as business debt consolidation loans and balance transfer credit cards.Instead of making multiple payments to different creditors each month, you can leverage debt consolidation loan to make one payment to the new loan provider. This simplifies your finances, reduces the stress of managing business debt, and can potentially save you money by lowering your overall interest costs.

How Business Debt Consolidation Loans Work

A business debt consolidation loan can provide much-needed financial relief and help you regain control over your business finances. If you’re considering getting a loan that consolidates your debts, you must first understand how it works.The process begins with an assessment of all your current business debts, including loans, credit card debts, and any other financial obligations. Once you have a clear picture of your total debt, the next step is to find a suitable lender that offers business debt consolidation loans. This could be a bank, credit union, or online lender. It’s important to compare the terms, interest rates, and repayment plans of different lenders to find the best fit for your business needs.After selecting a lender, you can apply for the consolidation loan. If approved, the lender will pay off your existing debts, leaving you with a single loan to repay. This simplifies your financial management by reducing the number of payments you need to make each month. In addition, the consolidation loan often comes with a lower interest rate, which can save your business money in the long run.The repayment terms for a business debt consolidation loan are typically more favorable than the combined terms of the individual debts. This can help improve your business’s cash flow and make it easier to manage your finances. By consolidating your debts, you also reduce the risk of missing payments and incurring late fees, which can further damage your credit score. Additionally, the impact of a business loan on your credit score and the factors affecting loan terms and eligibility should be carefully considered before proceeding.

Benefits of Small Business Debt Consolidation Loan

Running a business comes with its fair share of challenges, especially when it comes to managing finances. One common issue is handling multiple debts from various sources, which can become overwhelming.Business loans for debt consolidation involve taking out a new loan to pay off multiple existing debts, simplifying monthly repayments and potentially reducing the interest on your debts. A small business consolidation loan offers a practical solution to streamline business debt management and improve your financial situation. Here are some key benefits:

Simplify Your Finances

Managing several business loans with different interest rates, due dates, and payment amounts can be complicated. Consolidating these debts into a single loan simplifies your financial obligations, allowing you to focus on one monthly payment. This makes it easier to manage your finances and reduces the risk of missing payments.

Get Access to Additional Funds

A small business debt consolidation loan can do more than just simplify your debt. It can also provide you with additional funds that can be a real game-changer for your business. Imagine having the extra cash to expand your operations, buy new equipment, or cover those operational expenses that always seem to pop up. This extra capital can give your business the boost it needs to grow and become more stable.

Improve Cash Flow

Business debt consolidation loans often come with lower interest rates and extended repayment terms, which can reduce your monthly payment amount. This improvement in cash flow provides your business with more financial flexibility, enabling you to allocate funds to other essential areas of your business.On top of that, leveraging a business consolidation loan can help you reduce the risk of missing payments and incurring late fees. This helps maintain a positive relationship with creditors and protects your credit score, which is crucial for future financial opportunities.

Get Better Interest Rates

If your existing debts have high-interest rates, consolidating them into a single business loan with a lower interest rate can save you money in the long run. Lower interest rates mean that more of your payment goes towards reducing the principal amount rather than paying interest.Many consolidation loans offer fixed interest rates, which gives you predictable monthly payments. This stability is a big plus when it comes to long-term financial planning and budgeting. With fixed payments, you can manage your finances with more visibility.

Enhance Your Credit Score

Successfully managing a consolidation loan demonstrates financial responsibility to lenders, which can further boost your credit profile. A higher credit score enhances your creditworthiness and can open doors to better financing options and more favorable terms in the future.

Reduce Stress

Dealing with multiple debts can be stressful and time-consuming. Consolidation provides peace of mind by simplifying your debt management, allowing you to focus on running and growing your business. Reduced financial stress can improve overall business productivity and decision-making.

What Are The Signs You Need a Business Consolidation Loan?

If handling various debts is starting to feel like a burden, a business consolidation loan to consolidate business debt could be the answer. But how do you know if you need one? Check out these indicators:

Struggling with Multiple Business Loan Payments

Does keeping track of various business loan payments feel like a never-ending task? If you’re constantly checking due dates and balancing different interest rates, it’s a sign you might need a consolidation loan. Combining all your debts into one manageable payment can simplify your financial life.

High-Interest Rates on Existing Business Loans

Feeling the pinch from high-interest rates? Many businesses find themselves trapped in business loans with sky-high interest rates, which can significantly drain their finances.If your current loans are burdening you with excessive interest costs, consolidating them into a single business loan with a lower interest rate can be a game-changer. This can save you a substantial amount of money over time, freeing up funds that can be better invested in your business’s growth and development.

Cash Flow Issues

Noticing that cash flow is tighter than usual? For many businesses, debt repayments can eat into essential funds needed for daily operations. If meeting your debt obligations leaves little room for other critical expenses—like payroll, inventory, or marketing—a consolidation loan might be the answer.When you reduce your monthly payments through a debt consolidation loan, you can free up cash to keep your business running smoothly. This breathing room can be crucial for maintaining healthy cash flow and ensuring your business’s sustainability.

Creditors Are Calling

Receiving constant calls from creditors is stressful and can be a significant distraction from running your business. These persistent calls not only add to your stress but can also affect your professional relationships and reputation.If you’re struggling to keep up with payments and creditors are becoming relentless, it’s a clear sign that consolidation might be the solution. A consolidation loan can help you settle these debts and stop the calls, allowing you to focus on growing your business without the constant interruption of creditor demands.

Struggling to Secure New Credit

High existing debt can make it tough to qualify for new loans or credit lines, which are often crucial for business expansion or emergency expenses. If your debt levels are making lenders wary, consolidating your debts can improve your credit profile. By reducing the number of outstanding loans and lowering your overall debt, you can increase your chances of getting approved for future financing.

Confused by Your Finances

Managing multiple debts can create a tangled web of financial obligations that’s hard to untangle. If keeping track of various loans is causing confusion and stress, a consolidation loan can help streamline things.Consolidating your debts into one loan simplifies your financial management—one loan, one payment. This clarity can help you stay on top of your finances and make more informed business decisions without the constant worry of missing a payment or misunderstanding your financial standing.

Increasing Debt Stress

Debt-related stress can take a toll on your mental health and overall well-being. If you’re losing sleep over how to make ends meet, it might be time to consider consolidating your debts to bring some peace of mind.Constant worry about multiple debt payments can affect your productivity and decision-making abilities. A consolidation loan can reduce this stress by simplifying your debt management and potentially lowering your monthly payments.

Tips to Consolidating Business Debt

Business debt consolidation is a smart way to simplify your finances, reduce monthly payments, and improve cash flow. Here’s a step-by-step guide on how to consolidate your business debts effectively. When you consolidate debt into a new business loan, consider the potential costs and implications, such as fees and interest rates, to ensure it’s the right move for your business.

Assess Your Financial Situation

Before getting business debt consolidation loans, it’s essential to get a clear picture of your current financial situation. Start by listing all your outstanding debts, including the amounts owed, interest rates, and monthly payments. This detailed overview will help you understand your debt load and determine if consolidation is the right move for your business.

Compare Lenders and Offers

Take the time to research various lenders to find the best consolidation loan for your business. Look into online lenders, traditional banks, and credit unions, as each offers different benefits. Compare interest rates, loan terms, fees, and repayment schedules to find the most favorable option.

Check Your Credit Score

Your credit score significantly impacts the approval process and the terms you’ll receive for your business debt consolidation loan. Check your credit score and take steps to improve it if needed. This might include paying down some debts or correcting any errors on your credit report, which can make a big difference.

Prepare Business Debt Consolidation Loan Application Documents

Getting your documents in order is a crucial step before applying for a business consolidation loan. Gather all necessary financial statements, tax returns, and a detailed list of your debts. Having these documents ready will make the application process smoother and increase your chances of approval.

Develop a Repayment Plan

Once you’ve secured your consolidation loan, it’s vital to develop a realistic repayment plan. Stick to your budget and ensure timely payments to avoid falling back into debt. Consider setting up automatic payments to make sure you never miss a due date and stay on track.

Seek Professional Advice On Resolving Business Debt

If any part of the business debt consolidation loan process feels overwhelming or unclear, don’t hesitate to seek professional advice. A financial advisor or a business debt specialist can provide personalized guidance and help you navigate the complexities of debt consolidation, ensuring you make the best decisions for your business.

Business Debt Consolidation Options

There are several options available for business debt consolidation. Consolidating business debt involves combining multiple debts into a single loan, which can simplify payments and potentially lower interest rates. Knowing your options will go a long way in helping you choose the best path to financial stability and set your business on a course for long-term success.Business Line of CreditA business line of credit functions much like a credit card. By consolidating multiple existing business loans into a single line of credit, you can streamline business debt repayment into one manageable monthly payment. You can borrow up to a set limit and only pay interest on the amount you actually use. This flexibility makes it an excellent option for managing cash flow and consolidating debt.Why It’s a Great Option:Flexible Borrowing: Draw funds as needed, up to your credit limit, and repay as your cash flow allows.Interest Savings: Pay interest only on the amount you borrow, not the full credit limit.Revolving Credit: Once you repay the borrowed amount, you can borrow again without reapplying, providing ongoing financial flexibility.SBA LoansThe U.S. Small Business Administration (SBA) offers loans that can be used for debt consolidation. By taking out a new business loan, you can consolidate existing debts, including credit card debt and other loans, potentially securing more favorable terms such as lower interest rates and longer repayment terms. SBA loans typically come with lower interest rates and longer repayment terms compared to conventional loans, making them an attractive option.Why It’s a Great Option:Lower Interest Rates: Benefit from competitive rates that reduce your overall interest expenses.Extended Repayment Terms: Longer terms can lower your monthly payments, easing cash flow pressures.Easier Qualification: SBA guarantees a portion of the loan, making it easier to qualify and providing access to better terms.Merchant Cash AdvancesMerchant cash advances (MCAs) provide a lump sum of cash in exchange for a percentage of your daily credit card sales. While not a traditional debt consolidation method, MCAs can offer immediate relief and help streamline your repayment process.Why It’s a Great Option:Immediate Cash Access: Receive funds quickly to manage urgent debts and expenses.Flexible Repayment: Repay based on your sales volume, making payments more manageable during slower periods.No Fixed Payments: Payments adjust with your revenue, providing a variable but consistent repayment method.Invoice FinancingInvoice financing, also known as accounts receivable financing, allows you to borrow against your outstanding invoices. This can help improve your cash flow and consolidate short-term debts efficiently.Why It’s a Great Option:Quick Access to Funds: Convert unpaid invoices into immediate cash to address pressing debts.Improved Cash Flow: Maintain a steady flow of working capital by borrowing against your receivables.Flexible Terms: Repay as your customers pay their invoices, aligning your repayment with your income cycle.Balance Transfer Credit CardsFor businesses with significant credit card debt, a balance transfer credit card might be a good option. Your personal credit score plays a significant role in determining eligibility for business consolidation loans and can affect the interest rate you receive. These cards often come with an introductory period of 0% interest on transferred balances, providing a window of opportunity to pay down your business debt without accruing additional interest.Why It’s a Great Option:Zero Interest Period: Take advantage of the 0% interest introductory period to pay down your debt faster without accumulating extra interest charges.Simplified Payments: Consolidate multiple credit card debts into one card, making it easier to manage your payments.Cost Savings: Reduce your overall interest costs, allowing more of your payments to go toward the principal balance rather than interest.

How to Get a Business Debt Consolidation Loan

Are you feeling overwhelmed by business debt? Let SMB Compass help you get back on track with our easy business debt consolidation loans.We believe in making things simple. Just fill out our quick and hassle-free online application form—it won’t impact your credit score. Once we have your bank statements, our team will review your application and reach out to discuss the best loan solutions tailored to your business needs.No stress, no complicated processes—just straightforward support to help you consolidate your debts and focus on what you do best: running your business. Ready to get started? Get a business debt consolidation loan here.

About the Author

Ezra Cabrera

Ezra Neiel Cabrera has a bachelor’s degree in Business Administration with a major in Entrepreneurial Marketing. Over the last 3 years, she has been writing business-centric articles to help small business owners grow and expand. Ezra mainly writes for SMB Compass, but you can find some of her work in All Business, Small Biz Daily, LaunchHouse, Marketing2Business, and Clutch, among others. When she’s not writing, you’ll find her in bed eating cookies and binge-watching Netflix.

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The post Signs You Need a Business Debt Consolidation Loan appeared first on SMB Compass.

The National Stock Exchange (NSE) of India, established in 1992, has revolutionised the trading landscape with its state-of-the-art infrastructure and electronic trading system. Operating from Monday to Friday, the NSE’s trading hours are divided into pre-opening (9:00 AM to 9:15 AM) and regular trading sessions (9:15 AM to 3:30 PM). These timings ensure seamless trading experiences for investors, providing ample opportunity to engage with the market. Understanding the schedule is crucial for planning your trading activities effectively.Are you planning your trading strategy for the coming year? Don’t miss out on important trading opportunities by overlooking market closures. Check out our comprehensive guide on “NSE holidays” for 2024 to stay ahead and make informed decisions. Knowing whether today is an NSE holiday or not can help you strategise better and avoid any last-minute surprises in your trading activities.NSE Holidays 2024Navigating the trading calendar is essential for investors and traders. To help you plan your trading activities efficiently, here is the list of NSE trading holidays for 2024. Mark these dates on your calendar to avoid any interruptions in your trading plans.

Holidays
Date
Day

Special Holiday
January 22, 2024
Monday

Republic Day
January 26, 2024
Friday

Mahashivratri
March 8, 2024
Friday

Holi
March 25, 2024
Monday

Good Friday
March 29, 2024
Friday

Eid-Ul-Fitr (Ramadan Eid)
April 11, 2024
Thursday

Ram Navami
April 17, 2024
Wednesday

Maharashtra Day
May 1, 2024
Wednesday

General Parliamentary Elections
May 20, 2024
Monday

Bakrid/Eid ul-Adha
June 17, 2024
Monday

Moharram
July 17, 2024
Wednesday

Independence Day/Parsi New Year
August 15, 2024
Thursday

Mahatma Gandhi Jayanti
October 2, 2024
Wednesday

Diwali Laxmi Pujan
November 1, 2024
Friday

Gurunanak Jayanti
November 15, 2024
Friday

Christmas
December 25, 2024
Wednesday

Holidays
Date
Day

Special Holiday
January 22, 2024
Monday

Republic Day
January 26, 2024
Friday

Mahashivratri
March 8, 2024
Friday

Holi
March 25, 2024
Monday

Good Friday
March 29, 2024
Friday

Eid-Ul-Fitr (Ramadan Eid)
April 11, 2024
Thursday

Ram Navami
April 17, 2024
Wednesday

Maharashtra Day
May 1, 2024
Wednesday

General Parliamentary Elections
May 20, 2024
Monday

Bakrid/Eid ul-Adha
June 17, 2024
Monday

Moharram
July 17, 2024
Wednesday

Independence Day/Parsi New Year
August 15, 2024
Thursday

Mahatma Gandhi Jayanti
October 2, 2024
Wednesday

Diwali Laxmi Pujan
November 1, 2024
Friday

Gurunanak Jayanti
November 15, 2024
Friday

Christmas
December 25, 2024
Wednesday

Make sure to note these NSE holidays to ensure a smooth trading experience throughout the year.Holidays that Fall on Saturday and SundayWhile planning your trading year, it’s essential to be aware of holidays that coincide with weekends when the NSE is already closed. Here are the dates for such holidays in 2024:

Holiday
Date
Day

Dr. Baba Saheb Ambedkar Jayanti
April 14, 2024
Sunday

Mahavir Jayanti
April 21, 2024
Sunday

Ganesh Chaturthi
September 7, 2024
Saturday

Dussehra
October 12, 2024
Saturday

Diwali-Balipratipada
November 2, 2024
Saturday

Holiday
Date
Day

Dr. Baba Saheb Ambedkar Jayanti
April 14, 2024
Sunday

Mahavir Jayanti
April 21, 2024
Sunday

Ganesh Chaturthi
September 7, 2024
Saturday

Dussehra
October 12, 2024
Saturday

Diwali-Balipratipada
November 2, 2024
Saturday

NSE Trading Schedule Explained

Pre-open Timings
The National Stock Exchange (NSE) of India initiates its trading day with a pre-open session designed to facilitate the orderly opening of the market. This brief period lasts 15 minutes and spans from 9:00 to 9:15 a.m. The pre-open session is divided into two phases: order gathering and order matching.

Regular Trading Timings
Following the pre-open session, the NSE trading time today transitions into its regular trading hours from 9:15 a.m. to 3:30 p.m. This period constitutes the core trading session for equities on the exchange, encompassing 6 hours and 15 minutes without any mid-day break for lunch.

Block Deal Session Timings
In addition to regular trading, the NSE also facilitates block deals through specific sessions designed for large transactions.Session I: The first block deal session occurs from 8:45 a.m. to 9:00 a.m., preceding the general market opening. This early session allows for sizable transactions to be executed before regular trading begins, catering to institutional investors and large stakeholders.

Session II: The second block deal session, strategically positioned within the trading day, takes place from 2:05 p.m. to 2:20 p.m. This session provides another opportunity for block transactions, accommodating participants who may wish to execute significant trades during the mid-session period.

Frequently Asked Questions

1: What are the holidays for NSE in the year 2024?

There are a total of 19 trading holidays in 2024, including weekends. Here is a list of all the holidays
:

Republic Day (January 26)
Mahashivratri (February 18)
Holi (March 4)
Muhurat Trading (March 2)
Good Friday (March 30)
Mahavir Jayanti (April 14)
Eid-ul-Fitr (April 21)
Buddha Purnima (May 16)
Independence Day (August 15)
Ganesh Chaturthi (September 10)
Eid-ul-Adha (September 27)
Mahatma Gandhi Jayanti (October 2)
Dussehra (October 18)
Diwali (November 4)
Christmas (December 25)

2: What time does the NSE open for trading in 2024?

The NSE is open for trading from 10:00 AM to 5:00 PM on weekdays and from 5:00 PM to 11:30 PM on Saturdays.

3: Which days are closed for NSE markets?

The NSE is closed on all Sundays and national holidays.

4: How many trading holidays are there in the year 2024?

There are 15 scheduled stock market holidays, excluding weekends, as per NSE.

5: When will be the Muhurat trading in 2024?

Muhurat trading will take place on November 1, 2024 (Diwali—Laxmi Pujan). Subsequently, the exact timings of the Muhurat trading session will be notified.

6: What will be the last stock market holiday in 2024?

The last stock market holiday in 2024 will be Christmas, which falls on December 25, 2024.

7: Is NSE open for trading on Saturday?

The National Stock Exchange (NSE) is typically closed for trading on Saturdays. However, there might be exceptional instances where NSE conducts special trading sessions on a Saturday for testing purposes or to ensure operational preparedness in case of emergencies. These sessions are usually announced in advance.

8: Is NSE closed today?

To determine if the National Stock Exchange (NSE) is open or closed today, you can check the official NSE website or other reliable financial news sources. NSE is generally closed on weekends (Saturdays and Sundays) and national holidays.

KreditBee As a market leader in the Fintech industry, we strive to bring you the best information to help you manage finances better. These blogs aim to make complicated monetary matters a whole lot simpler.

Small and medium-sized enterprises (SMEs) are the powerhouse of the British economy, making up more than 99% of the business population and accounting for some 61% of all private sector employment.
However, the Federation of Small Business has reported that just 16.5% of SMEs describe the availability and affordability of new finance as “good”, with 46% rating it as “poor”.
HM Treasury has acknowledged that SMEs tend to approach their main bank when seeking a business loan “and that, if rejected, many simply give up rather than seek alternative options”.
Alternative sources of funding are available. Financial technology (fintech) lending platforms such as LendingCrowd aim to speed up the financing process and help bridge the SME funding gap.
LendingCrowd, which has delivered more than £295m of business loans since launching in 2014, can offer fast and flexible finance to limited companies and limited liability across Britain.
Loans of £75,000 to £500,000 can be used for any business purpose, except for property development or property investment. To be eligible, your business must have been trading for at least two years and have a turnover of at least £100,000 a year.
Funding ambitions
LendingCrowd was created to fund the ambitions of small businesses that have been let down by a market that is dominated by a handful of large banks. We combine cutting-edge technology with vast financial experience across our team to provide SMEs with affordable business loans that will help them to develop and grow.
Our loans offer:

Fixed monthly repayments of capital and interest
An interest rate that is fixed at the start of the loan
Up to five years to repay
No fees for early settlement
No fees for overpayments* to reduce the loan term and total interest paid

*Minimum £5,000
It takes just minutes to apply for a LendingCrowd business loan – start your journey today.
Please note: all applications are subject to LendingCrowd’s risk appetite and will be subject to clearance of AML and Cifas checks.

Article author

Gareth Mackie

 Whether you call it  ‘Going Green’, ‘Eco-Friendly’ or ‘Environmentally Aware’ – there are several ways we can lessen our own personal drain on natural resources.The common perception is that being eco-friendly is expensive and time-consuming, and often we don’t give it a second thought for these reasons.We highlight 25 key tips and tricks you can try to reduce your carbon footprint, many of which are time-friendly, easy, and will save money at the same time!Ditch the bottled water Plastics are a hot topic these days and no more so than in the case of bottled water. ‘Mineral water’ as it’s labelled is often no better health-wise than common tap water. Many research articles have proven that there is little to no difference in the nutritional values of the two, while the adverse environmental effect is one of the most devastating. Plastic bottles take many decades to degrade, meanwhile causing harm and difficulty to animal and marine life.  When we couple this with the resources used in manufacturing, bottled water creates a significant environmental impact.  Going green in this instance is as simple as turning on the tap at home, and using a ‘BPA free’ re-usable water bottle when out for the day or at the gym.For those in hard water areas, a water filter may also be a necessary purchase, but this is paid for quickly by what you would save on the bottles of water.  Turn off your electricsThis requires a little discipline initially but will soon become habit and you’ll be surprised how much you can save over a period of even a couple of months just by turning off these ‘energy vampires’ – things you aren’t using such as devices, plugs and light switches that still use minute amounts of electricity while on stand-by/ Recharge your batteriesRechargeable batteries help to reduce battery production while at the same time being a more cost-effective solution for you –  an absolute win-win and a simple adjustment to make.  Switch to a green energy providerUsing a carbon aware energy provider such as Octopus, Bulb or Outfox the Market is a fantastic way to aid the environment.  Predominantly using wind and solar energy, these green energy companies have their fingers on the emerging greener pulse of the nation and are we believe, the way of the future for energy.  This is further evidenced by the fact that more and more companies are steering toward an environmental-focus.The most surprising thing about switching to green energy is that it will often cost less than the bigger UK energy providers.Cycle or Walk   Not only better for health, but better for the environment, using non-emissive transport methods cuts down on vehicle emissions or transport costs, while also saving on tax, insurance, parking and all other costs for running a vehicle. Vehicles are the largest producer of greenhouse gases on the planet and a collective movement towards greener and healthier travel would be a giant step in the right direction.For many however, cars are an essential way of life and in these instances, simply turning off the car when stationary, is a small act that can equal a big collective change.  One damaging offset of car idling is asthma among children and this is just the beginning. Coldwashing Did you know that a  cold wash (30°C and lower) will often work just as well as warm with today’s popular fabrics? Ariel offers a handy guide on cold water washing. Use a Drying RackTumble dryers are convenient and perfect to rumble away in the background while doing something else, but they are also a massive energy drain, not to mention expensive over time.  Using a drying rack is quiet, zero cost and another leg-up for the environment.   Take the digital routeMost services such as banking, shopping and even paying your bills can now be done without any paper ever changing hands.  Almost always the digital route is also faster and can save time and money on costly journeys. Try making a list of all the things that you don’t do digitally and seeing if you can make any changes. Install a Sink Water Aerator These are simple tap attachments designed to reduce water flow.  Available at many hardware or DIY shops and a surprising money saver through not just less water consumption but also less required heating. Take fewer showersThe body produces its own natural oils and does a good job of self-cleaning. Believe it or not, it is actually potentially detrimental to shower daily/ Besides the many health reasons it will also benefit your pocket reducing both heating and water bills. Take a bag when you shop I think this is one tip that many of us do anyway but it’s still worth a mention.  Simply taking your own bags reduces plastic bag production and saves money into the bargain. Borrow one-off purchasesOften we are faced with occasions such as weddings or events where we have nothing appropriate and need to buy something specifically.  On these occasions consider asking friends if they might lend you an item, it’ll save you money and might cultivate a mutually beneficial culture.Recycle! Putting unused items back into the community is an important part of becoming more eco-aware, books, electrical items, clothes can all be used by someone and lessen that persons need to buy something themselves.  It’s a knock on effect that benefits both other people and the planet.   Reduce meat consumption Many will skip over this section and I, as a dyed-in-the-wool carnivore wouldn’t blame you, but many recent studies have shown that too much meat over time contributes to many diseases and ailments that can occur as you age, so swapping out for veg and fish more often is a really great way to stay healthy and minimise environmental impact. Buy Seasonal   When swapping to fruit and veg it’s a great idea to buy seasonal, less of a complicated route to market means cheaper produce while being much fresher, tastier and better for its nutritional value. Again, this makes a significant impact overall to many environmental factors lessening production and export costs and reducing vehicle transport emissions. Buy Second Hand Buying from charity shops provides much-needed funds for your chosen charity while at the same time lessening production costs for new textiles and creating much cheaper buying choices for you, there is no reason to stop at clothes either, many quality books and furniture items in excellent condition can be found at a mere fraction of what you may pay new. Use home-made cleaning productsThis is a great idea not least because commercial cleaning products contain harmful toxins, as well as the wholesale plastic burden!  Here is one how-to guide on making your own chemical-free cleaning products. Visit Your Local LibraryBefore jumping on to Amazon to buy that new book you’ve heard about, ask your local library if they have it!  Libraries these days are exceptionally easy to use and with online resources, any renewals or fines can be easily taken care of at home. Can You Fix It? When household items break, the instant thought is “Oh I’ll need a new one of those”.  Many items can be fixed or repaired such as clothing or furniture, so next time something breaks, have a think about resourceful ways to repair it.  Not only will it save you money but there is pride in having something that is partly you!  Install a manual thermostatControlling heat around the home with a programmable thermostat allows you to set timers for both heat and water.  This regulates your family consumption while reducing overall bills. Get A Water ButtIf you have a garden, then a water butt can be a very cost-effective way of reducing the amount of water used to keep your plants happy in the summer months. Plus the water can be used for things like washing cars and bikes. Water Butts are quite a common sight on second hand listing sites (some even got for free!), so won’t take long to pay for itself.Buy Energy Saving Light BulbsThese use a great deal less power than standard bulbs and though they are more expensive, will last much longer.Compost Composting is a fantastic money-saving tip, providing all your gardens with essential nutrients while simultaneously stopping excess food from going to landfills.  Composting is simple to do with many articles listing step by step composting instructions. Learn to cookYou know who you are!  Many of us, myself included, find several reasons not to pick up a cookbook, but I would suggest at least trying it before that next visit to KFC on the way home. Cooking is surprisingly easy and by buying your own ingredients and cooking from scratch, you know exactly what you are putting in your body.Get InsulatedAccording to a Which survey, we can save up to £315 a year on energy bills by installing loft insulation. And as we know less energy = lower costs for you and better for the environment. a solid win-win! Proffesionally installed insulation will take roughly as couple of years to pay for itself, but if you’re able and can take on the (relatively) easy task yourself, this will be significantly lower Doing our bit for sustainability Changing to an eco-friendly lifestyle can seem daunting and difficult.  As with all things, small changes are the way to go, adding more as the previous changes become the norm and fit better.  In the long run your pocket will thank you, and opening up to new ideas can be fun, rewarding and a gateway to new friends and societal benefits. At least trying a few of these ideas for a short time will provide a sense of what it can do for you, your friends and your family.  Each small thing we do for the planet protects the future for others, not just our children but the animals and nature that surround us and keep the natural world in balance.So if you can, do one small thing today, and if it works for you, consider adding more. 

The White House reports that Americans are collectively expending almost $65 billion on concealed fees. These "junk fees," referred to as convenience fees or service fees, have become pervasive across various sectors, such as banking, telecom, entertainment, and hospitality.

Falling behind on your credit cards, online payday loans, car payments, or home mortgage? Financial stress can interfere with your physical and mental health. Your psychological health can be crucial when you are trying to straighten up your finances. When you feel that stress, making short goals with quick rewards can help boost your spirits, giving you additional incentive to make good money decisions. If you have been focused on paying your bills on time without a break, take a break. It’ll help your chances of persevering to attain your financial freedom.
Strategize When Dealing With Your Payday Loans
Many people would suggest that you fight against your largest debt first. This is one way of working on your budget, but it may just add to your stresses. Fighting the biggest opponent when you first step into the debt battlefield may be overwhelming and chaotic. It is chaotic in the sense that while you are focusing your attention on the largest chunk in an uphill battle, there are still many other smaller ones circling, trying to get their jabs into you to claim their payments. In boxing, the fighter starts with the lower-skilled opponents and will work their way up the ladder to fight the title defender. New approaches are learned along the way, building up the skill level. If a beginner starts out fighting against the top dog, the agony of defeat may potentially keep the loser down and out of the ring.

Get Rid of Payday Loan Debt First
Fight against the small guys first and payoff any short-term payday loans you may have open with unpaid balances. Freeing yourself of smaller opponents will begin to clear out the battle zone one creditor at a time. The less you see coming at you, the better you will start to feel psychologically. Yes, the big debt is still lurking, but it will be easier to focus on it once the smaller ones have been paid off. Once you get those paid off, you can put bigger chunks of payments on the bigger bill. It’s nice to see the number dropping.
Here’s Your Plan of Attack on Debt
Begin paying off the smaller debts. Don’t let the interest rate affect your decision unless there are some with similar balances, and you need a tie-breaker as to which one will go first. When you pay off the small debt, the amount you were spending gets added to the next bill to be paid off. Each time you do this, the money amount applied towards your selected debt increases in value, which will make you stronger to take down the big guns. Build your skill and your strategy to be more effective towards the stronger opponents. Sounds like a winning plan of attack!
Building your financial confidence will begin to relieve stress. The pile of bills on your desk will start shrinking, and you will feel like a winner. Stress is a difficult opponent to get rid of, but you can prevail with focus and time. Psychological improvements will help keep your health from being affected by your finances. You might even ward off an unnecessary trip to the doctors when you are stressing. Sometimes stress will activate other health issues: gout, headaches, high blood pressure, etc. Pay your bills timely and effectively to avoid that domino effect. 
Remember the Big Picture, Stay on Track
Spotya! has access to low-cost short-term loans to help with emergency costs. They do not do well in the boxing ring against larger opponents, but they can help schedule on-time payments to keep creditors from adding fees to the outstanding debt. There are those times when taking out a payday loan help. An unexpected car repair, a necessary plumbing repair or a trip to the dentist are times when it warrants an extra loan. Just make sure that you pay off that loan as fast as you can to avoid extra fees. Those extra fees could be a payment to knock that bill you’re trying to reduce and pay off. Stick to the plan and work hard to achieve that financial goal. 

9 Strategies for Effective Business Management Amidst Uncertainty in 2023
In a world characterized by ongoing unpredictability in 2023, Chief Financial Officers (CFOs) and their teams’ roles have become more critical than ever. Their expertise is invaluable in providing structure to organizations’ decision-making and planning processes.Many businesses, notably smaller and mid-sized enterprises, must pay more attention to utilizing effective strategic planning and annual budgeting procedures, or they may not engage in such practices. Nevertheless, during times of uncertainty, the importance of strategic management cannot be overstated. It serves as an indispensable business imperative, requiring continuous attention across the domains of strategic planning, strategic implementation, and strategic evaluation. Above all, intentional action lies at the heart of effective strategic management.
Strategic Planning
The foundation of strategic management begins with a clear understanding of an organization’s vision, mission, and purpose. This initial step involves scanning both internal and external factors, conducting SWOT analyses to identify strengths, weaknesses, opportunities, and threats, bridging the gap between the current state and desired future outcomes, and formulating a comprehensive strategy. This strategy encompasses goals, strategies, and specific objectives to navigate the path forward.
Strategic Implementation
Executing the strategic plan and breathing life into it necessitates effective leadership, alignment of budgets, risk mitigation, and adept change management.
Strategic Evaluation
To gauge performance against the strategic plan, organizations should rely on key performance indicators, financial metrics, balanced scorecards, sound governance practices, and ethical considerations. Regular adjustments and course corrections are essential components of this evaluation process.
Strategies for Navigating Uncertain Times
Even with a well-structured strategic plan, unforeseen events can threaten an organization’s success. These challenges can stem from internal factors such as leadership changes, production issues, labor disputes, or talent gaps, or they may arise from external factors like economic turbulence, supply chain disruptions, or natural disasters. The following are strategic guidelines to help organizations manage their businesses during such uncertain times:

Assess the Challenge: Begin by comprehending the nature of the challenge at hand. Determine whether it is specific to your organization or related to supply chain disruptions, economic fluctuations, financial volatility, or political shifts. Assess the duration of the situation and its global impact on your operations.
Prioritize Cash Management: Recognize that cash is the lifeblood of any organization. Ensure you have sufficient reserves to meet debt obligations, supplier payments, and payroll. Vigilant cash forecasting, with detailed planning and cross-functional awareness, is paramount.
Strengthen the Supply Chain: Conduct a thorough analysis of your supply chain, identifying vulnerabilities and opportunities. Strengthen relationships with critical suppliers, explore alternatives, and enhance your supply chain’s resilience.
Focus on Long-Term Goals: While addressing short-term issues, keep an eye on longer-term opportunities. Consider strategies for growth, including targeted marketing campaigns, entry into new markets, or the acquisition of competitors.
Prudent Cost Reduction: If cost-cutting becomes necessary, do so intelligently. Address operational inefficiencies, reconsider non-core initiatives, and plan for the future while maintaining employee transparency.
Explore All Tools: Evaluate options such as product and service pruning, strategic price increases, labor cost reduction through automation, and leveraging inventory as a hedge.
Seek New Opportunities: Amidst uncertainty, remain agile and vigilant. Look for opportunities in new product development, market expansion, and weaknesses in competitors.
Scenario Planning: Develop and test various scenarios to anticipate the impacts of crises or opportunities. Use this information to create contingency plans.
Implement an ERM Framework: Consider adopting an enterprise risk management (ERM) framework with a long-term focus. Effective risk management can help your organization achieve its strategic objectives and better prepare for unexpected events.

So Where Does This Leave You?
Adapting to sudden disruptions requires a dynamic and proactive approach in a continually evolving business environment. Whether or not times are uncertain, proactive strategic management should remain constant. In essence, the best defense is a potent offense. Be prepared, stay agile, and focus strategically on effectively managing your business.

July 25, 2024–U.S. small business lenders increased requirements to qualify for financing in the first half of 2024, but are cautiously optimistic the market will improve, according to the Q1 2024 SMB Lending Index released today by Lendio.
Lendio’s SMB lending index measures how accessible business financing is to small business owners with a higher score indicating greater accessibility. The score is based on the business profile of the 18k+ small businesses offered financing in Lendio’s marketplace in a quarter. 
The Midwest came in with the highest average index score at 66. Scores in the South varied widely but the region came in at a close second with an average score of 65.7. Industries with the greatest decline in financing accessibility included automotive, manufacturing, and utilities. Industries with the greatest increase in financing accessibility included education, legal services, and wholesale. 
After surveying 25 small business lenders, Lendio found that lenders’ market perceptions are relatively split. Lenders with a less positive perception of the market cite poor macroeconomic conditions and high interest rates.
“Many lenders are tightening their credit boxes, including banks. We’re in less than ideal macroeconomic conditions and there’s a higher cost of capital right now,” said Minyang Jiang, Chief Strategy / Revenue Officer at Credibly.
Conversely, lenders with a more positive view of the market cite an expanding market with a growing number of alternative lenders, technology improvements, and diverse financing options.
While the majority of small and medium businesses (SMBs) state their access to capital meets or exceeds market averages, some small business owners’ perceptions skew much more negatively than lenders. 
In a separate report, Lendio found that despite growing options, U.S. SMBs are still underserved. 65% of SMBs stated that loan terms and amounts funded did not meet or fell below their expectations. SMBs also feel detached from current loan options with 67% of small businesses having no preference for a specific lender type and 50% not knowing what financing solutions their banks offer.
“The current system wasn’t built for the small business owner, so there is a huge market need just waiting to be tapped,” said Brock Blake, CEO of Lendio. “The solution isn’t to pit banks against alternative lenders or make a full shift to banking-as-a-service. Every one of these providers has a contribution to make to an ecosystem that fully supports small business owners whether it’s through the bank they currently deposit with or the vendor that sells them supplies.”
Read the full report here.
About Lendio
Lendio is transforming small business lending by connecting small businesses, lenders, and small business service providers through a single integrated technology platform. Lendio provides purpose-built software that automates small business loan decisioning and underwriting for both banks and digital lenders, uses AI to match small businesses to the financing offers that best meet their needs, and embeds a full small business loan marketplace directly within small business service providers’ platforms – all of which work together to get small businesses access to the capital they need to be successful.
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