Business loan declined for missed payments
Recent (under 12 months) missed payments on existing business or personal credit. Particularly material if linked to existing business borrowing, asset finance or director credit.
Why this triggers a decline
Mainstream lenders use missed-payment patterns as the strongest predictor of future default. A recent missed payment, particularly in the last few months, can be enough for some mainstream lenders to decline; each lender sets its own rules and most don't publish them.
Alternatives that work
- MCA against strong card flow
- Invoice finance against quality debtor book
- Asset refinance to release equity
Lenders that may consider this
- 365 Business Finance
- Capify
- Liberis
- Specialist post-decline lenders
What to do first
- Bring all current accounts up to date.
- Wait 60 to 90 days before applying again where possible.
- Pull credit file and verify the missed payments are accurately reported.
Not for
Active arrears with HMRC, ongoing winding-up notices, undischarged IVA.
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