If you don't qualify for financing with any of our financial partners, there are a few potential reasons for this outcome:
Creditworthiness: Lenders assess credit history, financial stability, and other criteria that may impact eligibility.
Time in business: The longer you’ve been in business the more likely you are to get funded because you’ve demonstrated that you will use and pay back your financing on time.
Revenue: Lenders need proof that you have enough cash flow to keep your business afloat and repay your loan.
Financial profile: Aspects like debt-to-income ratio or time in business might not align with lender requirements.
Loan type: Certain lenders specialize in specific loans, and your business profile might not fit their criteria.
What we recommend you do (if you haven't already) is connect your business bank account so we can continue to monitor your business transactions. To connect your business bank account, follow these steps.