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…

Business Loan Documents: Form 3CA

Business loan documents

Every earning individual and business needs to pay taxes. As a small business, when you apply for a business loan, your lender needs to ensure that you run your business responsibly and fulfil all your financial obligations to the state. So, lenders will ask you to submit certain business loan documents with your funding application…


Why should I not apply to multiple lenders for a business loan?

multiple lenders

Applying to multiple lenders at the same time for a loan will hurt your CIBIL score and bring down your chances of getting a loan today and in the future. As a savvy entrepreneur, when you need business funding, you probably do your research, shop around for the right business loan product and the best…


Business Loan Documents: GSTR – 3B

Business loan documents

If your lender is looking for your GSTR-3B, it’s probably because your business is a type that needs to have a GST registration according to the GST Act. In this article, you will learn what a GSTR-3B is and why your lender needs it when you apply for SME funding with a few other business…


What are the tax benefits of taking a business loan in India?

tax benefits of taking a business loan

A business loan gives you some much-needed financial support for your small business. You can apply for a business loan to expand your business, purchase a piece of machinery, or manage operations expenses. A business loan helps you build and maintain a cash flow and ensures that your business operations run smoothly. Getting a business…


Business Loan Documents: Trade Licence

Business Loan Documents

If your business loan lender asked you for proof of your business vintage, they are most likely looking for a document issued by a State or Central government that includes your business’s date of incorporation. One such document is your trade licence. In this article, you will learn what a trade licence is and why…


Business loan documents: Bank Statements

Business loan documents

When you apply for a business loan, you will need to give your lender your bank statements for the last 6-12 months in addition to a few other business loan documents. Lenders use your bank statements to assess your creditworthiness and make their decision to lend to you. In this article, you will learn the…


How is CreditEnable different from other financial marketplaces?

financial marketplaces

Using technology in every sphere of our lives is becoming the norm now. Need some groceries delivered to your home? There’s an app for it. Need a ride? There’s an app for it. Want to buy some clothes? You know it – there’s an app for it! Technology is also creeping into consumer-facing financial services.…


Business Loan Documents: Udyam Certificate

Business Loan Documents

When you apply for a business loan, your lender will ask you to submit proof of your business vintage along with a few other business loan documents. If you’re an SME, you should have an Udyam Registration Certificate. This document, along with your Current Account passbook, can be used as proof of your business vintage.…


Business Loan Documents: PAN Card

Business Loan Documents

When you apply for a business loan, your lender will ask you to submit a colour copy of your PAN card with the other supporting business loan documents. If you’re not sure why they need your PAN in addition to all the other documents you’re submitting, read on to know why.  What is a PAN…


Business Loan Documents: Aadhaar Card

Aadhaar Card

Has your lender asked you to submit your Aadhaar card, but you don’t understand why they need it? In this article, you will learn what Aadhaar is and why you need to submit your Aadhaar to your lender to get a business loan.  What is the Aadhaar identification? Your Aadhaar is a 12-digit numerical ID…