How to Improve Your Chances of Getting a Business Loan: Everything You Need to Know

Applying for a business loan doesn’t need to be a stressful process. Here are our top tips for making your business more attractive to lenders when applying for a business loan.   Perfect Your Business Plan  When it comes to traditional business loans, lenders want to understand your business plan fully before agreeing to lend…

Daily Tip: Here’s how to make your small business a COVID-free zone!

COVID

With cases of another COVID-19 variant on the rise, businesses like yours play a key role in preventing the third wave in India.  Make your business a COVID-free environment by enforcing COVID guidelines within your workplace, like always wearing a mask, crowded control, and regular sanitization. It will be important that you ask both your…


How To: Order my Aadhaar PVC card online using myAadhaar

Aadhaar PVC card

To access central and state government benefit schemes and use other financial services like getting a business loan, buying insurance, or opening a bank account in India, you need to have an Aadhaar number. The new myAadhaar portal by the UIDAI makes it easy for residents to access their Aadhaar information online and update it…


Daily Tip: Know what type of SME loan you need before applying for one

unsecured SME loan

Need business financing to grow your business? Apply for a business loan with one of CreditEnable’s lender partners. Our 25+ lender partners offer specialized secured and unsecured SME loans that will help your business grow. We recommend our SME customers decide what type of loan they want to get, based on their business needs and…


How To: Update my demographic Aadhaar information online

update Aadhaar

Your Aadhaar card is one of the most important pieces of ID a resident of India has. The new myAadhaar portal by the UIDAI makes it easy for residents to update certain information online within minutes. When applying for a business loan and other financial services, the lender will ask you for your Aadhaar card…


How will a business loan help in my business growth?

business loan

As we head into 2022, you and many other small business owners like you may be considering growing your business in the new year. While business growth takes serious planning, great execution, and time, one of the most important factors in the scale of your growth is funding – how much money you have in…


Daily Tip: Apply for a business PAN if you’re legally required to have one

business PAN

Let’s talk about PAN. A Permanent Account Number (PAN) is a ten-digit unique alphanumeric identification number issued by the Income Tax Department. Every individual and corporate taxpayer who does business in India must have a PAN.  When you apply for an SME loan, you need to submit a colour copy of your individual and business…


Daily Tip: You may be able to get an SME loan without GST documents

GST registration

Ever thought about getting a business loan, but you don’t apply because lenders say they’ll need your GST documents also? That is correct, but only if your business is legally required to have a GST registration!  You can still get a business loan even if you aren’t a GST registered business if your business doesn’t…


Can a cancelled cheque be used to make a cash withdrawal?

Cancelled cheque

As digital payment platforms gain popularity in India, fewer people use cheques to make payments every year. But if you’ve ever been asked to give a lender a cancelled cheque to verify your bank account details, you probably have a few questions about cancelled cheques. Let’s discuss the purpose and advantages of cancelled cheques. What…


Daily Tip: The third instalment of advance tax for AY 2022-2023 is due soon

advance tax

The deadline to pay the third instalment of advance tax for Assessment Year 2022-2023 is 15 December 2021.  If you’ve never heard of advance tax, you’re not alone. Many taxpayers have not. Section 208 of the Income Tax Act, 1961 states anybody whose estimated tax liability for the year is more than or equal to…


Can I get a business loan if my credit score is low?

Credit score

If you’ve applied for a business loan before, you know how important your credit score is to the outcome of your request for funds. Most lenders use your credit/ bureau/ CIBIL score as an indicator of how trustworthy you are and how well you handle your finances. CreditEnable’s lender partners prefer to lend to businesses…