What is required to get a business loan?
We make an overall assessment of each application. The most important thing is the company's ability to handle future payments and that the loan amount is reasonable in relation to the company's size. Unfortunately, we sometimes have to turn down applications. Then the most common reasons are that:
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The company or its representatives have not managed their finances and have many payment remarks or an active debt balance. Individual payment remarks does not automatically end in rejected application as we always try to look at the company as a whole when handling the application.
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The information provided is not correct or incomplete.
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The company's ability to pay is uncertain or can not be shown.
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