2 min read
Why lenders disagree
Each lender has its own appetite, scorecards and target borrower. A high-street bank may decline on a rigid rule — too new, too small, wrong sector — that a specialist cash-flow lender does not apply. The same figures can produce opposite answers.
What to do after a decline
Ask why, if you can, and fix anything simple — overdue filings, a stray marker. Then approach a lender that suits your profile. Avoid firing off many applications at once, which leaves hard-search clusters.
Applying
Check eligibility softly first, then apply online.
Frequently asked questions
Does one decline hurt my chances everywhere?
No, though several hard searches in quick succession can. A single decline reflects one lender's criteria, not a universal verdict on your business.
Should I reapply immediately after a decline?
Fix any obvious cause first, and use a soft eligibility check rather than firing off multiple firm applications, which leaves hard-search marks and can look like credit-hunting.
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