1. Poor Financial Information
Incomplete accounts create uncertainty.
2. Weak Cashflow
Lenders need evidence that repayments can be maintained.
3. Excessive Existing Debt
High leverage increases risk.
4. Lack Of Management Experience
Relevant industry experience is valuable.
5. Poor Credit History
Both business and personal credit records may be reviewed.
6. Unrealistic Forecasts
Overly optimistic assumptions reduce credibility.
7. Lack Of Supporting Evidence
Funding requests should be supported by documentation.
Preparation significantly improves approval prospects.