Affordability is unclear
The lender cannot see how repayments fit existing income, commitments and cash flow.
Common reasons finance is declined
A declined application is not always the end of the road, but it is a signal to improve the proposal.
Asset concerns
The asset may be too old, unusual, overpriced, difficult to resell or supplied by a party the lender cannot support.
Weak document pack
Missing invoices, bank statements, director details or trading information can slow or stop an application.
Credit profile issues
Recent arrears, defaults, insolvency history or unexplained adverse credit can limit lender appetite.
Business purpose is vague
The lender needs to understand how the asset or funding supports trading, revenue, efficiency or continuity.
Deposit or structure mismatch
The requested term, deposit or balloon may not fit the asset value or lender risk view.