My application for finance has been rejected, what should I do?

It is common for any business looking to raise finance to turn to their bankers for support. Every bank will have finance products on offer, and they are likely to consider an application from your business for these. But what can never be guaranteed is a successful outcome. 

The lending market extends beyond the big brand banks. With first, second and third tier lenders available to consider your application, one rejection does not need to be the end of the process.   

Is your business facing the challenge of overcoming an unsuccessful application for finance, or any of the following related challenges: 

• Our application has been rejected because the bank didn’t understand the request 

• Our application has been rejected because of poor financial performance 

• Our application has been rejected because our management information is not complete 

• We are experiencing financial distress and need finance to improve the position 

The question is, where to turn next? 

We work with finance providers to properly understand the reasons why the application has not been successful. We examine the barriers and look for solutions, with both any current lender and the alternatives.  

We also consider other finance products that might be right for your business.  

If your application has been rejected, or you are concerned it might be, or you would like some advice completing it, speak to a member of our Bishop Fleming Funding Advisory team.