1. Incomplete audit report

Banks assess your repayment capability through audited reports and bank statements.
Businesses with unqualified or loss profit are typically deemed high-risk and rejected.

2. Insufficient Business Tenure

Most banks require a business to be operational for at least 36 months to apply for a SME Business Loan.

3. Requested Loan Amount Exceeds Financial Capacity

Applying for a loan that exceeds 50% of your company’s annual revenue is typically considered high-risk.

4. Poor Credit History (CTOS/CCRIS Reports)

Any record of late payments, legal proceedings, or frequent loan applications under the company or directors may adversely impact your loan approval.

5. Incomplete Application Documents

Missing documents—such as bank statements, audit reports, SSM, tax filings, or even utility bills—will delay processing or cause rejection.

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Loan rejection doesn’t mean it’s the end—it simply signals the need for proper preparation and the right strategy.
 

✅ Not sure which part of your application was the issue? We offer free assessments and document reviews.

Reach out via WhatsApp or contact us now at 0167268033.