For businesses recently declined by a bank
A bank's no is a statement about the bank, not always about your business.
Banks underwrite to a template — years in business, collateral, personal credit, industry codes. A decline means you didn't fit the template. We underwrite the file in front of us: your receivables, your deposits, your actual capacity to carry a payment.
Why solid businesses get declined
Most declines we see have nothing to do with whether the business can repay. They come from rules written for a different borrower.
- Industry exclusions
Restaurants, trucking, construction, retail — many banks decline whole industry codes regardless of the individual file. Your NAICS code got declined, not you.
- Time in business
Under two or three years of history fails many bank checklists automatically, even with strong deposits from month one.
- Collateral requirements
Service businesses with reliable revenue but no hard assets fail asset-coverage tests that were designed for manufacturers.
- Personal credit events
A past personal event — a medical bill, a divorce, an old default — can sink a bank application even when the business itself banks cleanly.
- Recent dip in revenue
One rough quarter can trigger an automatic decline. We look at the trend and the reason, not a single trailing number.
What happens after you apply
No obligation until you sign. Here is the actual sequence, with honest timing.
- You send the basics
Last 4–6 months of business bank statements, a one-page application, and a short note on what the capital is for.
About 15 minutes of your time
- An underwriter reviews the file
A person — not a scoring algorithm alone — reads your statements and calls you with questions. This is where collectability and affordability get weighed.
Same or next business day
- You get a written offer, or a straight no
If we can't make the numbers work, we say so and tell you why. A decline from us costs you nothing and tells you something useful.
Typically 1–2 business days from complete file
- You decide on your own clock
The offer states the amount, the cost, the payment, and the term in plain figures. Take it to your accountant. We don't do expiring countdown offers.
Funding usually 1–3 days after signing
What we'll tell you that a bank won't
If your file doesn't work, we'll tell you why in plain terms — thin deposits, concentration in one customer, a payment your cash flow can't carry. That's information you can use, whether or not you ever fund with us.
And if what you actually need is an SBA product, a bank line you'd qualify for in six months, or no debt at all, we'll say that too. Our book performs because we only fund files we believe will repay comfortably. Putting you into a facility you can't carry is bad for you and bad for us.