Improve Your Credit
  • Build credit rating with SME rating agencies like Crisil/CIBIL - www.crisil.com.

  • 5 Cs of credit: Touch points often used to judge your ability to repay debt are Credit History (bills paid on time); Capacity (to repay debt); Collateral (assets offered as security); Capital (Business cash and assets); Character

  • Manage excess capital well. If necessary, consult with an investment professional. Apply for and use business credit cards to establish and build a business credit history in India.

  • Use business credit lines or business term loans to expand business and not cash and personal credit cards.
 

Small Business News

‘Udyami Helpline’ Started After Inauguration by Prime Minister

2010-09-01 03:54:18

Call centre ‘Udyami Helpline’, has been inaugurated by Prime Minister Manmohan Singh, opening scope for entrepreneurs to find information on Business opportunities and loan facilities...

GIDC Announces Special Zones for Making Industry Ecosystems

2010-08-30 01:12:50

Gujarat Industrial Development Corporation (GIDC) has geared its efforts to build an industry ecosystem where both small and large companies can thrive together....

Monthly Newsletter

Name:

Email: