Festival season has begun, and Diwali is right around the corner. If you anticipate needing extra business funding to help you finance your special business plans for the upcoming weeks, now is the right time to start the business loan process! Why so soon? That’s because it may take you some time to figure out…
Your business vintage is an important factor for lenders when they’re making their lending decision. Lenders use your business vintage (how long your business has been operational and registered) as a proxy for how sound your business plan is. It helps them assess whether you will have the financial ability to repay your loan EMIs…
Have you heard? The last date for individuals to file their Income Tax Returns (ITR) for the Financial Year 2020-2021 has been extended to December 31, 2021. The Central Board of Direct Taxation (CBDT) announced the extension to ease the pressure taxpayers are facing due to COVID-related difficulties and the glitches in the new ITR…
A cash flow forecast helps you determine how your business will perform in the future. If you don’t already have one ready, start putting one together for your small business or work with your CA to prepare it together. Your cash flow forecast considers all your inflows and outflows to determine how much money you…
Small digital interventions like these can improve your customer service and increase the speed and scale of your work! Using WhatsApp Business makes keeping track of orders easier for you, and providing your customers multiple payment options (GooglePay, PayTM, PhonePe, Credit, Debit and Cash) makes doing business with you easier for them. With festival season…
If you applied within the last 3 months for a small business loan and you were rejected, wait before you re-apply and seek help. When lenders are making a lending decision, they assess your application based on many different factors, including: your credit history your business plan your sector your financials and cash flows your…
When you apply for small business funding or try to open a new bank account, lenders will ask you to submit a cancelled cheque. While no one can withdraw money from your account using a blank cheque, it does include valuable information like your full name, bank account number, the name of your bank and…
The last date to link your PAN and your Aadhaar is 30 September 2021! Linking the two forms of identification makes it easier for lenders to assess your small business loan application. It reduces the time they take to review your application, which means they can approve your loan request sooner, and you can have…
The type of small business financing you should apply for depends on many factors, including what collateral you can offer the lender, what loan amount you need, how you plan on using the loan, and for how long you want the loan. At CreditEnable, we’re here to help you get the right business loan for…
Are you trying to decide whether a secured business loan or a loan against property (LAP) is right for your business financing needs? If you own residential or commercial property that you can mortgage to get the business loan, then a loan against property is your answer! LAP is a type of secured business loan.…
