Why can not I borrow that?
Usually the topic. Banks and financial institutions are the rules for the purpose of the loan from the lender. And the ability to pay. By financial professionals, etc. The value of the securities.
Such criteria. However, a basic principle of financial institutions may not be approved for a loan. Because borrowers are stuck in the details, so those who want to borrow money should be studied as follows. To prepare for recovery.
10 reasons why the loan is not approved.
The main reason that so many others. People can not borrow money from financial institutions that are summarized below.
1. The loan does not have a clear accounting system, and of course there is money out of the business is conducted in a very clear account. Some business owners. When the money. It costs money. Owner does not make a note of the stock. Income / expense information. To report to the financier.
2. The loan does not have to store the data / figures in the business.
3. The goal of the project is not clear. The owners decided not sure I would like to borrow money to invest in what amount.
4. The lack of collateral to borrow.
5. To borrow a lack of appropriate investment structure is appropriate, etc.
6. The lack of information, such as some loan programs are not enough.
7. The payday loan is that borrowers are less experienced colleagues who have experience to help run the business.
8. The percentage of investment imbalance. Funding will come from two parts of the business of money and credit in general. The ratio of investment for expansion should be 50: 50 But if the new entity should have a capital ratio of 70: 30.
9. The loan deficiency payments that borrowers have a debt obligation. I can not pay the debt. Borrowers have to show for obvious reasons. The financial institution will determine its ability to service debt.
10. The lack of evidence for the borrower to borrow. It can be verified.
It can be seen that the loan depends on many factors, including income, financial position and ability to repay. Entrepreneurs starting a business. Or expand it. If your investments. We should investigate the problems. In applying for a loan as described above. In order to recover this through more easily.
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