Imagine this: You have a new large-scale project that require funds urgently. However, your SME loan application did not go through. You will either have to postpone this project or miss the opportunity. In the meantime, once your application is rejected, you might not be able to resubmit the application within the next 6 months. The most typical reasons why commercial loan applications are rejected are:

• Approached banks which does not favour such industry
• Business owner’s personal credit profile
• Limits to financing with existing banks
• High gearing, business turnover is declining over the years