Business Loan Declined? Here’s What To Do Next
A decline is frustrating — but the worst move is applying again everywhere.
That can make the next lender harder. Here’s the clean next step.
100% free · No credit score impact
🏆 Lenders’ Choice Broker of the Year 2025 Finalist (Optimise Awards).
Most common reasons loans get declined
Bank statements didn’t show stable servicing
Too many recent enquiries
Existing debts or repayment pressure
ATO issues, arrears, or unpaid defaults
Wrong product/lender fit for your profile
What to do in the next 24–48 hours
Pause new applications until you know why
Gather basics: ID + 6 months bank statements + existing debts/limits
Note what changed recently (seasonality, one-off expenses, sales dip)
How CASEY helps
CASEY can sanity-check the likely decline trigger and steer you away from lenders where you’re likely to be declined again — protecting your file and your options.
If the decline relates to credit/risk flags
Use the full hub guide here:
Bad Credit Business Loans →
Frequently asked questions
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Usually the “decline” doesn’t, but the enquiry often does.
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Not until you understand the reason — otherwise you risk stacking enquiries.
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Not reverse it, but we can improve fit and structure for your next attempt.