What do I do if my bank refuses my business loan?
Being turned down by your bank is frustrating, but it is extremely common. The broader lending market has hundreds of alternative lenders, specialist providers, and government-backed schemes that operate with entirely different criteria to high street banks.
If your bank has refused your business loan, your next step is to approach a whole-of-market broker. High street banks are risk-averse and only offer their own products. A broker like Seven Hills Capital Group can review why you were declined, identify alternative lenders with criteria that match your situation, and search the entire market for the right funding solution.
What we can do for you
Review why you were declined and identify lenders with different criteria.
Search across alternative lenders, challenger banks and specialist providers.
Access government-backed schemes including the British Business Bank programs.
Identify the right product type for your situation - not just the most obvious one.
Be honest with you about what is realistic given your current position.
Finance options that could help
Working Capital Loans
Short to medium-term funding for operational costs, often from alternative lenders with different criteria to banks.
Merchant Cash Advance
Funding based on card sales - no traditional credit scoring required.
Invoice Financing
Release cash from unpaid invoices - assessed on your customers' creditworthiness, not just yours.
Asset Based Loans
The asset acts as security, often meaning better accessibility than unsecured lending.
All finance is subject to status and individual lender criteria. Seven Hills Capital Group will always give you an honest assessment of your options and will not recommend a product that is not right for your business.
Not sure where to start?
That's the most common starting point. Fill in a quick form and our team will come back to you - usually the same day.