If I am rejected, can I apply for a loan again?
It is possible to apply again through the online application if a business' loan application is rejected. However, we strongly recommend that the business experience material changes in its financial position and overall outlook in order to result in a successful loan application. Keep in mind that the Lending Loop team will provide feedback to you on why your loan has been rejected so you should be able to assess whether you will be eligible to apply again.
If you have any questions, you can always reach back out to your dedicated account manager to see if it makes sense for you to re-apply.