9 Business Loan Problems That Most Don’t Have A Clue About

Meredith Wood

Meredith Wood

Editor-in-Chief at Fundera
Meredith Wood is the editor-in-chief at Fundera. She has specialized in financial advice for small business owners for almost a decade, and is sought out frequently for her expertise in small business lending. Meredith’s advice has appeared in the SBA, SCORE, Yahoo!, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, and more.
Meredith Wood

Applying for a business loan takes plenty of time, energy, focus, and preparation. So the last thing you want to happen, after putting in all of that effort, is to get your application turned around by a lender.

Sometimes, your business loan application will be rejected or delayed for a fairly obvious reason—a low credit score, missing important documentation, not enough cash coming in. Those are normal business problems, and you can probably think ahead to figure out where you’re application is weakest on those fronts.

But what about some of the sneakier problems that can prevent you from getting the financing you need, when you need it? What about those criteria that you’re not really aware of, or that your lender doesn’t completely explain upfront?

We’ve pulled together explanations of nine surprising obstacles to receiving funding, as well as tips for how to avoid running into them.

Check out our free eGuide to learn more!

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Editorial Note: Fundera exists to help you make better business decisions. That’s why we make sure our editorial integrity isn’t influenced by our own business. The opinions, analyses, reviews, or recommendations in this article are those of our editorial team alone. They haven’t been reviewed, approved, or otherwise endorsed by any of the companies mentioned above. Learn more about our editorial process and how we make money here.
Meredith Wood

Meredith Wood

Editor-in-Chief at Fundera
Meredith Wood is the editor-in-chief at Fundera. She has specialized in financial advice for small business owners for almost a decade, and is sought out frequently for her expertise in small business lending. Meredith’s advice has appeared in the SBA, SCORE, Yahoo!, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, and more.
Meredith Wood

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