Declined applications

At its own discretion the Bank declines applications that may put the financial wellbeing of borrowers at risk. Reasons may include unsustainable business plans and unreasonable cash flow projections, as well as insufficient skills to run the business. Other reasons include lack of key documents.

The Bank is an ethical lender. If a business fails the Bank has to take possession of collateral and this creates financial difficulties for the borrower, the borrower’s family and employees.

If your loan application is declined, please ask your analyst for an explanation.