PARTNER WITH DIAMOND FINANCIAL | WHY LOANS GET DECLINED | SBA FINANCING COMPARISON
FAQS | TOP 10 SBA MISCONCEPTIONS

Loans are initially declined for many reasons. They usually stem from the borrowers inexperience and lack of knowledge of the loan process and criteria. If you have limited experience in applying for a business loan, you may experience the following.

• Uncertainty of loan requirements - Do you really understand the bank or financial institution requirements to successfully get your loan approved?
  
  
• Poorly packaged loans - Do you have the knowledge and ability to professionally present a loan package worthy of full consideration?
  
  
• Inability to talk to loan officers - do you understand the guidelines and concerns that underwriters have in evaluating the merits of your loan application? Do you know the people you are talking to?
  
  
• Wrong source - Banks are always willing to look at your application, but will they approve it? Can you possibly know or understand their written and unwritten priorities and ever changing policies or guidelines?