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…

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: 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…


7 reasons why getting an Unsecured Business Loan from CreditEnable will help your business grow faster

Unsecured Business Loan from CreditEnable

As a business owner, you need to know your finances and the sources of your income and expenses. Once you have this understanding, you can explore different avenues of financial support available to you. A couple of years ago, getting an SME loan was cumbersome and lengthy. This wasn’t because of a lack of collateral…


What is a business credit report, and does my small business have one?

business credit report

In India, consumers and businesses alike have credit scores and credit reports. When you apply for a loan, lenders check your credit report when deciding to lend to you. A Commercial or Business Credit Report records your business’s credit history. Your credit report plays a vital role in your business’s ability to access a business loan, helping…


10 pieces of business advice for entrepreneurs just starting out

business advice for entrepreneurs

Every business has its ups and downs, but successful entrepreneurs are the ones who learn from their mistakes and find ways to overcome them. When you start your business, you invest your time, money, and efforts to make it successful. They say that a great venture begins with a great idea, but it also takes…


I defaulted on my business loan. What happens now?

defaulted on my business loan

Getting a business loan is a big step for many SMEs. If you’re new to borrowing, you may not be familiar with your obligations as a borrower and what your lender expects of you. One such thing is your business loan EMIs and the need to pay them on time. If you miss your EMI…


What is a business loan default and how can I avoid it?

business loan default

When you are unable to fulfil the terms and conditions of your business loan, for more than 3 EMI, without informing your lender, it is considered a business loan default. When you get a business loan, your lender puts forwards some terms and conditions on how and when you need to repay the loan. You…


How To: Apply for an Udyam Registration Certificate

Udyam Registration Certificate

Udyog Aadhaar is an initiative by the Government of India to provide a unique identification to businesses operating at the micro, small, or medium level. The Udyog Aadhaar scheme is now called Udyam, and all MSMEs must have an Udyam Registration Certificate.  You can get an Udyam Registration Certificate and number for your business by…


Are my CIBIL and Experian credit scores different?

CIBIL and Experian credit scores different

If you’ve borrowed a loan before, or own a credit card in India, then the credit bureaus authorised to operate in the country have access to your credit history.  In India, there are 4 credit information companies (CICs) that compile and assess individual and company credit reports, also known as bureau reports. CIBIL and Experian…


What is an Udyam Registration and who is eligible to register for it?

Udyam Registration

If you’re looking for a business loan, your Udyam Registration is one of the supporting documents you can give the lender to get the loan. The Udyam Registration Portal was launched in 2015. Overseen by the Ministry of Micro, Small and Medium Enterprises, Government of India (GoI), the Portal provides a unique identification number to…