Keep credit utilization low Use 30%-40% of the available credit for business.
For example : Spend within the limit of 3-4 lakhs on a credit of 10 lakhs.
An old loan account is helpful in improving CIBIL score, as it increases the credit age.
Reduce new loan applications
Repeated loan applications result in Hard pharmaceutical email list Inquiry, which negatively impacts CIBIL score.
5. Plan the business financially
Plan monthly expenses.
Analyze profit and loss regularly.
Avoid unnecessary expenses
6. Seek help from financial advisors
Expert financial advisors can point you in the right direction to improve your CIBIL score.
Long-term strategy to maintain a good CIBIL score
Maintain discipline in financial campaigns measure and optimize to achieve 30 more transactions.
Regularly analyze the business’s financial statements.
Do financial planning before starting a new business.
Save funds for future financial needs.
Maintain good relations with banks and financial institutions.
CIBIL score is an important financial phone number thailand tool for getting a business loan. A good CIBIL score helps a business get loan approval, lower interest rates, and expansion opportunities. Also, follow the tips given to improve CIBIL score and make your business financially viable. CIBIL score is not just a number, it opens the door to the financial success of your business.
Imagine, you’ve put in all the hard work for your business—created a website, stored customer data properly, and your products are selling well. But suddenly, your business website is attacked by hackers, and within hours, sensitive customer data is stolen. The future of the business is at stake due to loss of customer trust, financial losses, and legal issues.
Cyber attacks are no longer old loan accounts limited to large companies
Small and medium-sized businesses are also being affected by these attacks on a large scale. Thousands of cyber crimes are reported in India every day, and most of these attacks are against small businesses. This is because many small businesses do not focus on the basics of cyber security.
In today’s era, customer data, financial old loan accounts transactions, and sensitive business information are becoming a major target for hackers. Cybersecurity is not just a technical necessity, but a critical tool for business survival.
Now the question is:
How do you protect your business from cyber attacks? What basic security measures will keep your business away from the prying eyes of hackers? Let’s find out the answers to these questions in detail in this article.
