The International Organization for Standardization (ISO) sets international standards that ensure quality, safety, and efficiency of products and services. If you are looking to scale your company with a business loan, ISO certification can be a crucial factor in improving your eligibility. This article provides an overview of ISO, its activities, popular standards, and how ISO certification can impact business loan eligibility.
What is the International Organization for Standardization (ISO)
ISO is an independent, non-governmental international organization that develops and publishes international standards to ensure the quality, safety, and efficiency of products, services, and systems.
Activities of the International Organization for Standardization (ISO)
ISO develops and publishes international standards in various areas, including technology, food safety, healthcare, and environmental management. It also provides guidance on best practices and conducts audits to ensure compliance with its standards.
Who approves ISO international standards?
ISO standards are developed by technical committees comprising experts from around the world. Once a standard is developed, it undergoes a rigorous approval process before being published.
What are the 2 most popular ISO standards?
Two of the most popular ISO standards are:
- ISO 9001:2015 - Quality Management Systems (QMS): Ensures that organizations meet customer and regulatory requirements while continuously improving their products and services.
- ISO 14001:2015 - Environmental Management Systems (EMS): Helps organizations improve their environmental performance through more efficient use of resources and reduction of waste.
What is an example of an ISO standard?
ISO 27001:2013 - Information Security Management System (ISMS) is another important standard that helps organizations manage the security of their information assets.
Impact of ISO certification on business loan eligibility
ISO certification can have a positive impact on business loan eligibility as it demonstrates to lenders that the business meets international standards for quality, safety, and efficiency. This can increase the lender's confidence in the business's ability to repay the loan, potentially leading to better loan terms and interest rates.
Conclusion
ISO standards play a crucial role in ensuring the quality, safety, and efficiency of products and services. By obtaining ISO certification, businesses can not only enhance their operations but also improve their eligibility for business loans by demonstrating their commitment to international standards.
