Understanding the Lending Process
Many times, SMEs turn to informal credit channels like friends or money lenders because formal credit lines can be difficult to navigate. From contacting a lender to submitting documents in the right format, the process can seem cumbersome.
CreditEnable has curated information to help SMEs better understand the lending process from the lender’s perspective, as well as how SMEs can prepare ahead of applying for a loan. From getting familiar with how the lending process works, how to apply for a loan, and how long it may take to get sanctioned, find answers to all your lending-related queries here.
Four Questions on Business Loan Interest Rates Answered
Most small businesses, at one point in time or another, have to take out a business loan to function. This could be a working capital loan, machinery loan, loan against property or any other form of credit for their short-term or long-term needs. All borrowing comes at a cost, usually paid in the form of interest. Here are four things you need to know about interest paid on a business loan