Recently Found Out That Your Business Loan Was Denied? Here Are Some Things You Might Want to Know Getting rejected – be it for a programme, a job, or even by a romantic partner – can be discouraging. A business loan is no different. Yet, if you find yourself in this position, we will be the first to tell you that you are not alone. It is incredibly common to be rejected for traditional bank business loans. Banks reject approximately 80% of small-medium enterprises in Singapore. This could be due to these five reasons. Five Reasons Why Your Bank Loan Was Denied 1. Damaged Business Credit Score A business credit score is an indicator of whether the company is a good candidate to loan money to. There are many factors that can play a role in a bad credit score: legal filings, repayment histories, and many more. Essentially, your business credit score tells lenders whether you are likely to pay back debts on...