As a small business applying for SME business financing, the interest rate is one element of your business loan you should pay extra attention to. Getting approval for SME business financing from a formal lender can be a tricky process. So, it’s easy for you to get swept up in the relief that a lender…
What is the CreditEnable SME contest? From 4-10 October 2021, CreditEnable is celebrating SMEs (Small and Medium Enterprises)! We’re asking you to recognize the SMEs that you support and those who have positively impacted your life this year by tagging them in our Facebook post and enter for a chance to win a Flipkart gift…
What is GST? Taxpayers in India must pay various kinds of direct and indirect taxes every year. The Goods and Services Tax (GST) is an indirect, comprehensive, and multistage tax on value addition. It is a “multistage” tax because this indirect tax is charged at every stage of the supply chain. The GST is also…
Do you know what factors influence your credit score? Credit bureaus like CIBIL and Experian use factors such as your industry, repayment history, your businesses capacity to repay a loan, among other things, to determine your credit score. Once your credit score has is calculated, lenders use it as a proxy for your creditworthiness, using…
As a small business, there are many things you need to think about before applying for business financing. What type of SME business loan you should get is one of them. The type of business loan you apply for depends on how you plan on using the loan, what collateral you own that you can…
What is the Goods and Services Tax (GST)? The Goods and Services Tax (GST) is an indirect, comprehensive, and multistage tax on value addition that came into effect on July 1, 2017. With any indirect tax, the burden of tax can be shifted. So, an individual liable to pay the tax can collect the tax…
By now, you should know that whenever you apply for small business funding with a formal lender, they check your credit report. Your report provides lenders with a host of information about your business finances, from your credit score to your financial and repayment history. Here’s an easy guide to help you understand the different…
With the festivals approaching fast, businesses and entrepreneurs are getting ready to go into overdrive! As an SME, you’ll probably be working overtime this month and will also need to make time to participate in the festivities. With all this activity happening around you, it may be hard to take some time for yourself. However,…
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…
As a small business owner applying for an SME business loan, there are a few things you need to consider before you agree to the loan a lender is offering you. The interest rate is one such important aspect. To make an informed decision about your SME business loan interest rate, you need to understand…
