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…

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…


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…