What are some of the common reasons you've been declined for an SBA loan or another type of business loan? Here's a good few reasons.

Number one, you're not easy to work with. I know it's funny, but underwriters are human so treat them as such.

Next, low overall or business credit score. A poor credit history is another reason why you're going to get declined for any SBA loan or just the fact that you don't have enough assets or collaterals to cover the loans.

You also may not meet the cash flow requirements to repay the loan or you have too much outstanding debt.

Anybody who's previously defaulted on a government loan or has a tax lien, bankruptcy, or some sort of a judgment against you: you're going to get declined.

The other reason is you haven't really demonstrated a financial need for such a loan.

You could have a possibility that the SBA just doesn't lend to your industry and or you're just not properly set up.

There's a lot of different requirements. Don't let those daunting requirements set you back.
What you need to do is work with an underwriter or an underwriting team who understands your business and who's going to be able to help you get the financing that you need, ultimately.

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