Thinking about investing in new machinery or getting the machines you already own repaired? A business machinery loan is an option for this purpose! New or improved machinery enhances your manufacturing process, improving your production capacity, quality, and speed. New machinery may also increase the valuation of your company in case you’re looking for new…
Did you know you are eligible for a deduction on your Income Tax Returns if you’re currently repaying a home loan? When you submit a Home Loan Certificate along with your ITRs, you are legally allowed to save the following: The maximum principal amount repaid by you that can be claimed as a deduction is…
As a technology platform that is 100% digital, CreditEnable always asks our SME customers to submit their loan applications and supporting documents online. This speeds up the loan assessment process and makes it easier for our lender partners to verify your information. But some of our customers prefer to handle loan applications offline because this…
Being a full-time entrepreneur is a rewarding experience, but it can also be stressful at times. You need to oversee everyones’ work and get an unlimited number of tasks done in a day. As your business starts to grow, all your hard work starts to pay off, and you feel great! Now you will work…
When you apply for a business loan, you will need to give the lender a cancelled cheque. This acts as an important piece of documentation, helping lenders assess your financial history and reduce the instances of typographical errors. In addition to business loans, lenders require blank cheques to verify your financial information and do customer…
When you borrow a business loan from a lender, you must repay them the principal amount you borrowed and the predetermined interest rate they are charging you for the loan. After your business loan application gets approved, lenders will offer you two EMI interest rate options to repay the loan – a fixed interest rate…
How do you get your business loan approved faster? When you apply for a business loan, in addition to your loan application, banks require several documents to verify your loan request. To increase your chances of being approved for a business loan, we recommended you do the following things before submitting the loan application: Organize…
Have you prepared a cash flow forecast for your business yet? A cash flow forecast takes into account all your inflows and outflows over a certain period to predict what your finances will look like in the future. The forecast helps you identify patterns in expenditure and resource allocation. It gives you a big-picture view…
The pandemic has led to many changes in our personal and professional lives. However, by introducing technology in your business operations, you can continue working remotely from anywhere, work more efficiently, and also grow your customer base! Some things you can do to grow your business using technology: 1. Sell on an e-commerce platform like…
Are you worried your credit score may negatively impact your chances of getting the business loan you need to grow? This is a valid concern as your credit report is a crucial piece of financial information lenders will review before they decide to lend to you. Any major financial transaction you make, from applying for…
