Regular cash inflows and outflows from your business bank accounts indicate to lenders that your business is in a healthy financial state. It lets them know that if they lend you an SME loan, your business will make enough money in a month to cover your daily expenses and your EMI instalments. If you’re considering…
Running your own business is a big responsibility, and the pandemic hasn’t made it easy. But a true entrepreneur would see the opportunities amongst all the challenges and create something innovative, no matter the circumstances! Many Indian women entrepreneurs have used this opportunity to transform innovative ideas into sustainable revenue-generating businesses, and now you may…
Do you have a GST registration for your business yet? Since its introduction in 2017, the Goods and Services Tax (GST) has simplified indirect taxation in India, but many SMEs across India still struggle to understand the system and whether they need to get a GST registration. We know the GST system can be confusing…
If you’ve ever taken a business or personal loan from a bank, or you’ve bought an expensive item, and you’ve committed to paying for it in instalments, then you should be familiar with EMIs. EMI, short for Equated Monthly Instalments, is the preferred method many of us use to make payments for high-value items in…
October is going to be one of the busiest months for businesses across India. Between your work and festival celebrations, don’t forget to keep up with your GST obligations. Depending on the type of business you own, or the type of GST payment schedule you follow, your GSTR filings for September 2021 are due this…
At CreditEnable, we’re asked often whether your individual credit score has any impact on your business credit score. The short answer – yes, it does! Your credit history tells a lender a lot about your financial habits. In the case of a younger business that is still building its lending history, lenders pay particular attention…
The countdown to Diwali has begun, and the festival of lights is equally significant for individuals and businesses across India. Diwali marks a new beginning for many, and it is considered an auspicious time to start new ventures. Consumers use this occasion to invest in their homes and businesses. SMEs across the country can use…
Did the global Facebook, Instagram, and WhatsApp outage get you thinking about your data security? You’re not alone! Though Facebook, in their official update, confirmed there was “no evidence that user data was compromised as a result” of the outage, your data privacy should be your #1 priority like it is ours. At CreditEnable India, we…
With so many festivals and celebrations happening this month, October is shaping up to be a hectic month for business owners. CreditEnable is here to help you stay on top of your tax obligations, no matter what! The deadline to deposit the TDS and TCS for September 2021 is October 7, 2021, so don’t forget…
Did you know the type of bank account you use for your business impacts your chances of being approved for an SME loan with a formal lender! Lenders are more likely to lend to businesses that use current accounts for their business transactions because they consider them “pure” business accounts. When you apply for an…
