Getting a finance application declined can feel like the end of the road.

But when it comes to business and commercial finance, one lender saying no doesn’t necessarily mean the market has said no.

Different lenders assess applications in different ways. Their appetite can vary depending on the type of business, industry, asset, loan structure, financial position and even their current lending priorities.

That means an application that doesn’t fit one lender’s criteria may be well suited to another.

Understanding the broader lending market

Banks are only one part of the finance market.

Depending on what you’re looking to fund, there may be a range of bank and non-bank lenders with different credit policies, structures and areas of specialisation.

For business owners, this can be particularly important when funding:

• Business vehicles and equipment

• Property purchases or refinancing

• Commercial property

• Business expansion

• Cash flow requirements

• Solar, batteries and other energy projects

• EV charging infrastructure

• Larger commercial assets and projects

Rather than approaching multiple lenders without a clear strategy, it can help to first understand why an application was declined and identify which lenders are more likely to suit the circumstances.

Structure matters

Finding finance isn’t always about simply finding a lender willing to approve an application.

The way the finance is structured can have a significant impact on the outcome.

Loan term, security, deposit or equity contribution, repayment structure and the type of finance being used can all influence whether a solution is appropriate for the business.

This is where having access to a broader lending market can make a difference.

Before you give up, understand your options

If you’ve recently been declined by a bank or lender, it may be worth getting a second opinion before putting your plans on hold.

At GreenBack Capital, we work with businesses to understand what they’re trying to achieve, assess the available finance options and identify lenders and structures that may be better suited to their circumstances.

One lender said no? That doesn’t necessarily mean the market did.

Speak with GreenBack Capital to explore your options.