Why is my application rejected? | Qeld

A rejection of a loan application can have various reasons. At Qeld we always review a company's creditworthiness, turnover, possible negative debt registrations in the past, payment history, and more. These individual factors are all taken into account during a thorough credit assessment, which results in a credit score. If this credit score is insufficient, or if the loan application amount is not in proportion to the size and turnover of your company, we are sometimes forced to reject an application.

That said, this rejection is based on the factors currently known to us, meaning that in the future you could still be eligible for a business loan, should your credit situation improve.