While FindTheLoan.com allows you to reach multiple lenders easily, greatly increasing your chances, the final decision still ultimately rests on the discretion of the lenders and your or your company’s financial profile.
If you did not receive a quote, consider applying again in a few months once business picks up or your financial profile improves — our financing partners would be happy to re-evaluate your application.
Alternatively, if you are a company, you could also try loan types such as Invoice Financing or Merchant Cash Advance, which place less emphasis on profitability. You may also consider loans like a Secured Overdraft or Gearing Up Loan where you pledge insurance policies, investments, deposits, or private property as collateral.
Alternatively, apply again with another guarantor as the outcome might also be influenced by the profile of an individual officer of the company, such as those facing litigation or credit issues.
Even something like a forgotten late credit card payment can leave a negative mark on your credit profile. If it has been settled, you can contact your bank followed by the Credit Bureau to update your record before reapplying, which may improve your chances.
There are several factors lenders look at when deciding whether to extend financing. To better understand what affects your eligibility, check out our blog post on how to improve your credit score and loan eligibility.
Get started with your loan search here — it's free and takes only a few minutes.
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