When it comes to commercial loans for small and medium size businesses, the odds of obtaining loan approval are against you. There are various reasons why loans are rejected, here are the most common reasons why:
1) 14% because clients financials or credit issues.
2) 15% appraisal issues, economic obsolescence or lack of maintenance.
3) 59% failure of client to meet specific conditions, documentation, down payment.
Banks and wholesale lenders must adhere to strict government guidelines resulting in majority of loans to be denied during underwriting. Turn to a national lender who is not bound to the same strict government requirements. For a free, no pressure discussion, please contact: Michael@
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