Review denial reason: Understand why your application was denied to address specific concerns.

Address concerns: Take steps to improve your eligibility, such as enhancing your credit score or providing additional documentation.

Check eligibility: Ensure you meet all criteria before submitting a new application.

Understand wait times: Some financial partners may require waiting periods between applications for necessary improvements.

Focus on improvement: Use the time to strengthen your financial profile by reducing debt or improving your credit history.

Reapply when ready: After waiting the required 30+ days, once you’ve confidently addressed all areas of concern, apply again with complete documentation. If you’re not sure if you’ll qualify yet, reapplying for business financing with Lendio will not hurt your business or personal credit score. When you apply, our team of loan specialists can determine what you can or can’t qualify for