When you’re in need of a business loan and own assets that you can put up as loan collateral, you can get a secured business loan. In exchange for collateral, lenders will offer you a loan with a: Larger loan amount Attractive interest rate Loan tenure ranging from 12 months to 20 years The exact…

Does your personal credit score impact a lender’s decision to offer you a business loan? Yes, it does!  A lender will check your personal credit score, in addition to your business credit report, when they’re deciding to lend to your business.  Your business and personal credit histories can affect: Whether or not you get approved…

According to the Goods and Services Tax Act, taxpayers cannot file a particular tax period’s GSTR-3B without filing the previous ones. You also risk having your GST registration cancelled if you haven’t filed GSTR-3B for six consecutive tax periods or three consecutive quarters! Losing your registration may impact your clients, or GST registered customers could…

Unsecured business loans are a great option for first-time borrowers or businesses who don’t own much (or any) collateral to offer lenders. They are relatively easier to get compared to secured business loans. Due to the lack of collateral, lenders can process and sanction unsecured business loans faster because they don’t have to spend time…

Are you applying for a business loan? Be transparent on your business loan application to increase your chances of getting approved for the loan! Lenders use numerous methods to verify the information you provide on your business loan application and in your interactions with them. So, being transparent helps build trust with your lender and…

Are you ready for Unlock? We know we are! But before you get back to work, make sure you’ve taken all the COVID precautions necessary to keep your staff and customers safe.  Makse sure your employees wear masks that cover their nose and mouth, provide hand sanitizer for customers to use, and regularly sanitize your workplace.…

As an entrepreneur, your business is your baby, and you need to make sure you’re providing your customers quality service and products to keep them happy and your business healthy. But entrepreneurs are also under a great deal of stress right now. With COVID-19 restrictions changing daily, you have the added stress of lockdowns, disruptions…

When you apply for a business loan, lenders check your credit report to decide if they should lend to you or not. Do you know what information is included in your business credit report? Your report has the following sections: Identity and enquiry information Company details Enquiry summary Account summary Location details Relationships details Credit…

The deadline to deposit the tax collected and deducted at source in July 2021 is August 7! If you collect tax at source from your buyers or deduct tax at source for your employees, don’t forget to deposit the collected tax with the tax authority! Visit the Income Tax website for the full August tax…

Do you collect tax at source? Don’t forget, the deadline to provide your TCS Certificate for Q1 of FY 2021-2022 is 30 July 2021.  TCS is a tax collected by a seller from a buyer at the time of sale. The seller is required to deposit the collected tax with the tax authority within the…