Many owners are shocked when SBA loan applications aredenied. Rejection doesn’t mean your business is unviable—it usually means requirements weren’t met.
## Common Reasons for Denial
- Poor personal or business credit.
- Insufficient cash flow.
- Lack of collateral.
- Incomplete documentation.
- Industry restrictions.
## What to Do Next
1. **Repair Credit:** Address errors and reduce utilization.
2. **Improve Cash Flow:** Increase margins or show consistent profitability.
3. **Strengthen Collateral:** Use equipment, property, or accounts receivable.
4. **Consider Alternatives:** Explore non-SBA lenders or private funding.
### Example
PAC Consulting assisted a trucking company denied for SBA financing due to weak collateral. We restructured using asset-based lending, securing $600K within 60 days.
PAC Consulting prepares owners nationwide to qualify for SBA loans—or find alternatives when needed.