If you’ve ever applied for small business financing, you may have noticed lenders offer each business a different interest rate on their loan. Do you know why?
Interest rate calculations for lenders are about the risk they take when they lend to a particular SME. In simple terms, does your business have the capacity to generate enough income that you’ll be able to repay your EMIs and fund the daily operations of your business?
When applying for small business financing using CreditEnable’s technology platform, we match eligible SMEs with a lender partner who is most likely to give them a business loan at favourable loan terms. We can help you too!
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