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…

Top Tips: How to Leverage Technology for Your Business During COVID-19 (Part 2)

Small businesses are truly the backbone of the Indian economy, but what do you do when lockdowns and COVID restrictions have impacted the way you conduct your business? And even if your business is open, how do you convince customers that it is safe to come out and shop again? This is where you can…

COVID-19 Vaccine and Business Loans: Am I Eligible?

Vaccine
Nowadays, no conversation is complete without the topic of the COVID vaccine coming up. Have you got it yet? Are you getting it? Why are getting it? Which one are you getting? When are you getting it? And where do I get an appointment from? The vaccine has become our ray of hope, making us…

Top Tips: How to Leverage Technology for Your Business During COVID-19 (Part 1)

COVID-19 continues to disrupt the economy and is probably having a big impact on your business. The rolling lockdowns and ever-changing restrictions and guidelines make it hard to manage day-to day and even harder to think about planning for the future, so we put together our top tips for how to use technology to keep…

How banks can take a new look at SMEs

By Nadia Sood, CEO, CreditEnable SMEs are hailed as nation builders and the backbones of developed and emerging economies alike, and yet adequate financing from the formal market is still elusive for most SMEs at home and abroad. The primary reason is that the extraordinary array of technology that enables banks to underwrite competitive loans…

AI: A force for good?

By Nadia Sood, CEO, CreditEnable Last month, in the first of a two-part series, Nadia Sood, CEO at CreditEnable explored the potential pitfalls of AI when it comes to gender inclusivity and how its introduction can also help eliminate biases. In this month’s article, I explore how AI can be applied as a force for…

AI: Understanding bias and opportunities in financial services

By Nadia Sood, CEO, CreditEnable It is undeniable that our lives have been made better by artificial intelligence (AI). AI technology allows us to get almost anything, anytime, anywhere in the world at the click of a button: prevent disease epidemics and keep them from spiralling out of control, and generally just make day-to-day life…

SME finance in 2030 will be cheaper, faster and fundamentally more inclusive

We expect the world of SME finance to have fundamentally changed by 2030. A significant and transformational shift has already taken place over the last 10 years in which innovative FinTech companies, challenger banks, specialist digital SME lenders, E-commerce players and aggregators like Facebook and Google have entered the $8.1 trillion SME credit market and…

Creating a Healthy Financial History at Each Stage of Your Business

At every stage of your business’s growth, having an organised and transparent financial history is essential when trying to secure a business loan. Banks will want to see consistency across your finances, so it’s important to get into good habits, no matter how big or small your company is. Start-Up: Build Your Financial History  As…

A Guide to Business Loan Option

Lending is an essential part of growing any business. Whether you are starting a new venture or looking to expand your client offering, sometime an injection of cash is needed to take your company to the next level. However, with so many different options, it can sometimes be an overwhelming process. Here’s our guide to…