When you apply for a business loan with a formal lender, most lenders will check your bureau score (also known as credit score) before lending to you. Your credit score can range from 300 to 900, and sometimes borrowers can even have a minus one or NH credit score. What does this score mean, and…
Are you applying for a business loan? You may come across the term “business vintage” when researching business loan eligibility requirements. If your business is 1-2 years old, it may be difficult to get a small business loan because most formal lenders prefer to lend to older businesses. But don’t worry, we have the right…
If you’re like the other SME business owners we interact with, you are probably checking your phone every hour to keep up with the evolving COVID-19 Omicron situation in your state right now. We understand. Your business is your baby, and the past two years have been tough on all SMEs, so you want to…
It’s 2022. This year, your business is going to shine, and CreditEnable is here to help you get the business financing you need to do just that! As credit experts, we’ve helped thousands of SMEs assess their loan eligibility, improve their creditworthiness, and successfully get the business financing they need to achieve their growth goals!…
Most borrowers know what their CIBIL/ bureau score is, but fewer borrowers know about credit reports. Do you know what a credit report is? Your credit/ CIBIL/ bureau score is part of a report, known as a credit report, which contains your detailed credit history. In addition to your credit score, your report includes your…
Let’s talk about an important financial document – Form 26AS. Your Form 26AS acts as your Tax Credit Statement for Income Tax Returns filed in any financial year. It provides the tax authorities with information about your various sources of income. When you apply for business funding, lenders may ask some borrowers to submit their…
Have you ever heard of a minus one (-1) credit score and wondered what it means? First-time borrowers, who don’t have any credit history in India, have a minus one (-1) credit score. Through this score, credit bureaus are telling a lender they have no record of this borrower, and they cannot assign a 3-figure…
When you apply for an SME loan, one of the business KYC documents you need to provide is proof of business address. “What document can I use to validate my business address?” is one of the most common questions we get asked as credit experts. So, let’s discuss this. What is a Proof of Business…
Have you filed your Income Tax Returns yet? The due date to file your Return of Income for the Assessment Year 2021-22 is 31 December 2021. The date was extended in September 2021 by the Central Board of Direct Taxes (CBDT) due to pandemic-related difficulties taxpayers were facing in filing their Returns and the fixes…
In India, the end of the year means a flurry of activity and expenses for consumers. We hop from the festival season, straight into wedding season, and then the holiday season without respite. All the occasions call for considerable spending, and while we’re in the thick of the festive mood, we may not have the…
