Loan Readiness

Information & Resources for Loan Denial

This page helps you understand why you were denied a loan and provides resources that can improve your chances next time.

Common Reasons for Loan Denial

  • Reasons may include:

    • Bankruptcy within the past 2 years

    • Charged-off accounts

    • Late payments/ collection accounts in credit report

  • Reasons may include:

    • Delinquent child support

    • Delinquent with AltCap partners

  • Reasons may include:

    • Federal, state, county or city tax liens

  • Reasons may include:

    • Unresponsive applicant

    • Inconsistencies in the application package

    • Very limited to no industry experience

    • Outside of Service Area

  • Reasons may include:

    • Over-leveraged business

    • Non-sufficient collateral

    • Insufficient cash flow

Resources for Loan Denial