As credit experts, we’ve seen it all. Many of our SME customers applied for several business loans before using CreditEnable to successfully get the funding they needed.
Some business owners may approach getting a loan from the quantity perspective – I should apply for as many as I can, and at least one lender will approve my request. However, we recommend you approach getting a business loan from a quality viewpoint.
Think about what your needs are, how you plan to use the business loan, and which lender is offering an SME product that will help you reach your goal the fastest. Then check whether you meet the eligibility criteria for that SME loan product. If you do, go ahead and apply. If you don’t, save your resources and continue your search until you find one that works for you!
If you keep applying for business loans and getting rejected, it harms your credit score and further reduces your chances of getting a business loan in the future!
If you need an SME loan right now, CreditEnable’s lender partner Indifi may have the right loan product for you!
Indifi offers CreditEnable customers unsecured business loans and unsecured overdraft facilities at attractive interest rates and loan terms.
See the Indifi loan eligibility criteria here.
If you are eligible, submit your application on CreditEnable’s technology platform today and get a hassle-free SME loan within days that doesn’t harm your credit score!
Business Loans. Enabled Simply.