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: How to read your credit report

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When you apply for a business loan, lenders check your credit report to decide if they should lend to you or not. Do you know what information is included in your business credit report? Your report has the following sections: Identity and enquiry information Company details Enquiry summary Account summary Location details Relationships details Credit…


Daily Tip: Deadline to deposit tax collected/deducted in July 2021 coming up

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The deadline to deposit the tax collected and deducted at source in July 2021 is August 7! If you collect tax at source from your buyers or deduct tax at source for your employees, don’t forget to deposit the collected tax with the tax authority! Visit the Income Tax website for the full August tax…


Top Tips – 7 Ways to Manage Business Growth

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Many businesses in their growth phase are unable to achieve their full potential because they don’t manage growth well. This may sound counter-intuitive, but your business needs change when you’re moving from one stage of growth to the next, including the size of your team, focus areas, financing, and growth strategy. CreditEnable is a small…


Can I get a business loan without collateral?

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Yes, you can get a business loan without collateral with a CreditEnable lender partner! Such loans are called unsecured business loans and are great for small businesses that are just starting and don’t own any (or many) assets to offer as security or if your business is growing and you need funding fast to meet…


Daily Tip: TCS Certificate for Q1 of 2021-2011 due on 30 July 2021

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Do you collect tax at source? Don’t forget, the deadline to provide your TCS Certificate for Q1 of FY 2021-2022 is 30 July 2021.  TCS is a tax collected by a seller from a buyer at the time of sale. The seller is required to deposit the collected tax with the tax authority within the…


Do I Need to Get Health Insurance for My Employees?

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Having health insurance coverage makes our lives a lot easier. Depending on the kind of insurance plan you have, you don’t have to worry about visiting a doctor if you’re feeling unwell or undergo surgery because your insurer will cover the cost. During the pandemic, health insurance has been able to save the lives of…


Top Tips for Women Entrepreneurs Applying for a Business Loan

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The pandemic has caused us to face many unknown situations, and uncertain times call for new and innovative solutions! Many women have been able to rise to the occasion, using this time to transform hobbies and seemingly mundane skills into valuable sources of income generation. Indian women are entrepreneurial by nature. You juggle housework, child-rearing,…


Daily Tip: File Your GST Return Forms On Time!

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With the government issuing new notices weekly to accommodate for the disruptions caused by COVID-19, it is easy to forget to file your regular GST Return (GSTR) forms. So, here is a reminder to file your GSTR forms this month! Depending on the type of business you own, or the type of GST payment schedule…


Daily Tip: Learn What Information is in Your Credit Report

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Your commercial credit report (CCR) is just one of the factors that lenders take into consideration when deciding whether to lend to you or not. But it is an important factor. Your CCR contains information about the financial history of your business, and also the financial history of the owner and the directors of the…


Daily Tip: Download e-Statements Before Applying for a Business Loan

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When you apply for a business loan, you need to submit your bank account statements for the last 12 months for all the accounts you use for your business. With most bank branches closed and lenders working remotely, how do you access your business bank account statements? Most lenders now offer digital statements that you…