Grounds of

Funding Refusal

Loan Refusals

Our default position is to lend to qualified businesses, and not decline. However, we will not hesitate to decline your loan for a few reasons. We always give reasons for loan refusal, unlike what you may find elsewhere. As a reponsible lender, we can't lend you money if we think that you won't be able to make the repayments. They also have to tell you if they reject your application because of your

Before you apply for another loan, find out why your application was rejected. You'll be able to make small changes to help get your next application approved. Below are some of the reasons loan applications with us may be declined:

Non Existent Business
If you apply with no registered business or no indication of your business registration pending with the Registrar General's Department, your loan will be declined outright.

Inaccurate Details in Application
If the details regarding your name, residence, phone number and other account details are inaccurate, it will be difficult to generate the necessary information about your business. Without the right information, it is impossible for to approve your business loan.

Loan Defaults
There are defaults listed on your credit report — that is, overdue payments of 60 days or more where debt collection has started.

Too Many Pending Loans can access your financial profile even if you have availed loans from third party lenders, which is why it is advisable to avail loans only when necessary and ensure timely payment of instalments. If you have multiple ongoing debts with banks and NBFCs, your likelihood of getting the business loan decreases.

Income / Revenue and Repayment Mismatch
After considering your income, expenses and debts, we think you may struggle to make the repayments. That is why we always advice that you apply for an amount your business can afford to pay with ease and not overstate a higher loan amount requested.

Inadequate Income & Savings
Similar to the reason above, you don't have enough income and business savings to show you can pay off the loan.


Follow our recommendations to help get your credit score back on track and/or improve your chances of getting approved on your next loan application.

Credit Alternatives
You can always take advantage of any of our funding alternatives that can mostly solve your need for cash situation or even better your profile with us for your next application. 

We offer over twenty(20) different services and direct funding is only one of them - If the current profile of your business does not qualify you for funding, you can always take advatage of the plethora of direct business support services we offer on this platform to help you grow your business:

BNPL Integrations
If you already have goods and customers are not buying, you don't need a loan from us. You need to a catalyst to boost sales, and our Buy Now Pay Later (BNPL) integration into your business is one of such sales saviour.