Published Nov 18, 2021
Understanding the most common reasons why loans are denied can also help to secure a small business loan. Realistically, there are many reasons why a small business loans application may not succeed in the loan process, despite undertaking significant research. It is at the discretion of the lending institution whether to grant a loan or not. Above all, as mentioned at the start of this guide, be clear why you need the small business loans and what you intend to use the funds for. According to James Walter, the founder of loan platform BBC Easy –“In my prior experience as the co-founder of a lending company, one of the most basic errors made by loan applicants was not telling me why their company needs the money...
Categories: Ag Commentary, Ag Policy, Agribusiness