Bank Declined Your Business Loan? Read This

Business Capital

The short version, then the substance.

Why banks say no. Time in business, debt ratios, industry codes, a rough year, or simply a credit box your file does not fit. Bank declines are about the paperwork picture, and the paperwork picture is not the business.

The asset-based second look. If the business or its owners hold real assets, the decline is usually reversible at an asset-based desk. We underwrite the collateral and the plan. Most of our borrowers were declined somewhere first, which says more about banks than about them.

Move fast after the no. A bank decline often lands weeks into a process, with the opportunity still waiting. Send the same file to us with an asset list attached. Days later you will have a real answer, and usually a wire.

The South Texas angle. Averlend underwrites this every week in Corpus Christi and across Nueces County. If you are working a deal in downtown or anywhere else in the metro, the theory above comes with a local desk attached: see our Corpus Christi lending page or send the deal directly.