How do I make sure that my business loan application is not rejected?

#1

I want to apply for a business loan on an urgent basis.

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#2
  • Make sure that you have a healthy credit score, and make all the loan repayments on time.
  • If you have just started your business and your company is new, lenders might reject the application thinking your business is not financially strong.
  • Also, make sure that if you are a loan guarantor for a business, the business is capable of making repayments on time, otherwise it can affect your credit score, which can also be a reason for rejection.
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