When you apply for an SME loan with a formal lender, you are required to submit a colour copy of your individual and business PAN card along with your business loan application. Therefore, you cannot get an SME loan if you do not have a PAN. Let’s find out why. What is a PAN? The Permanent…
The deadline to deposit tax collected and deducted in October is right around the corner, and with Diwali festivities winding down, we wanted to ensure you don’t miss the important date! Remember, the deadline to deposit the TDS and TCS in October 2021 is November 7, so don’t forget to deposit the tax with the…
When you apply for an SME loan, you need to give the lender some supporting documents (including your Form 26AS) along with your business loan application. The lender uses these documents to conduct a credit assessment of your financial needs and decide whether to approve your loan request. While the list of required documents may…
How thoroughly do you consider the interest rate when getting an SME loan? Every business owner wants to get a low ROI, and CreditEnable is here to help you get just that! But when you apply for an SME loan, how do you determine what ROI your cash inflow will actually be able to cope…
An occasional cheque bounce can happen to anyone and for many reasons, not always because of insufficient funds in your bank account. Sometimes, your signature may not match the one on file, or you could have simply written the wrong date on the cheque. After a cheque bounce, you’re charged a penalty, and you can…
When you apply for an SME loan, you must submit your PAN card (or e-PAN card) and company PAN card, if applicable. These are important identifications that lenders require to conduct your credit assessment when deciding whether to lend to you or not. When you are submitting your PAN card to the lender, you can…
If you’re an SME researching small business financing options, you may have come across the GST registration requirement lenders have for certain SME loans. Since a GST registration is a basic eligibility criterion for some small business financing, you may be wondering whether you need a GST registration to get an SME loan from a…
Did you know, if you own residential or commercial property you can get a business loan by using that owned property as collateral? Loan Against Property (LAP) is one of the most common types of business loans SMEs in India use to finance major business expenses like funding an expansion or investing in a new…
Is your business eligible for a GST registration? If yes, you should already have a GST registration certificate and a GST Identification Number (GSTIN). The GSTIN replaced the TIN that every business and service provider had before the introduction of GST, and it helps you generate GST compliant tax invoices and file your GST returns. …
When you’re applying for an SME loan, your PAN card is one of the required supporting documents you need to submit along with your loan application for the lender to be able to assess your credit requirements. As credit experts, the CreditEnable team has seen it all – from customers sending low-resolution digital copies of…
