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…

Everything you need to know about business vintage for business loans

business vintage for business loans

When applying for a business loan, you may have come across the term “business vintage”. Most lenders ask for proof of business vintage before assessing your creditworthiness and lending to you. They use your business vintage as proof of business authenticity and your ability to repay a business loan you borrow from them. Scroll down…


Business Funding Opportunities for Women Entrepreneurs in India: Public Banks

Funding Opportunities for Women Entrepreneurs

Today, with the right amount of dedication, attitude, ambition, and funds every business idea can turn into a reality. You need to have a business plan, sufficient funds to put the plan into action, and enough working capital to keep the business running once it is operational. Finances play a significant role in every business and…


What is business vintage and why does it matter when applying for a business loan?

Business vintage for business loan

When searching for the perfect business loan for your business, you may have come across the term “business vintage” on at least one lender’s website. Usually, the word “vintage” refers to the old age of something. Similarly, in business finance terms, vintage refers to the age of your business. Read on to find out what…


What is the Women Entrepreneurship Platform, and who can join it?

When like-minded people come together, they can make a huge difference. While the pandemic has drastically transformed the nature of networking, many organizations have now formalized and moved such interactions online. This has opened a world of new possibilities for entrepreneurs, especially women entrepreneurs, giving them access to formerly untapped resources and professionals. The Women…


EMI Payments: What happens if my EMI payments bounce?

EMI payment bounce

Today, many high-value transactions are done via equated monthly instalments (EMI). This means instead of paying for the service or product upfront in full, you divide the price and pay the service provider or seller the amount over a few months + additional interest rate for this staggered payment schedule. As EMI payments start becoming…


Funding options for women entrepreneurs: Public Schemes

public schemes for women entrepreneurs

From operating a household to successfully running a business, women can do it all. Today, women make up 432M of India’s employed workforce and there are 50K women-owned startups operational in the country.  Women run successful businesses in rural and urban India, and in a survey by Google and Bain & Company, more than 45%…


Happy International Women’s Day from the Team at CreditEnable

International Women's Day

This international Women’s Day, we’re celebrating all the strong women in our lives – our mothers, sisters, daughters, relatives, partners, colleagues, and friends. No matter who you are, you’re surrounded by at least one such woman who has been there to inspire, encourage, and push you when you need it, and this day is all…


Business Loan Balance Transfer: What is it and can I use it?

business loan balance transfer

Have you ever found yourself in a situation where you’re repaying a loan, and you find another lender offering you better terms for the same loan? But you don’t want to apply for another loan even though you’re tempted to because you don’t want to be overleveraged? We can empathise! Many business owners find themselves…


What is Business Loan Insurance, and do I need it for my small business?

business loan insurance

You’ve heard of life insurance and health insurance, and there’s even insurance you can purchase for expensive assets like jewellery and property. But have you ever heard of Business Loan Insurance? Read on to learn more about Business Loan Insurance and why you should get it when you get business financing from a formal lender.…


Is there an age limit to get a business loan using CreditEnable?

age limit to get a business loan

If you’re thinking about getting a business loan, you’ve come to the right place. To get a business loan from a formal lender, you must pass some eligibility criteria before you get your loan. These eligibility criteria include your business sector, business vintage, annual business turnover, your credit history, your credit score, and your age.…