Advice
Five mistakes that get financing applications rejected
Unjustified amounts, inconsistent figures, no personal contribution: the most common mistakes are also the easiest to fix.
Published on · 5 min read
The first mistake is requesting an amount without explaining exactly how it will be used. Banks finance an identified need, not an envelope.
Second: figures that do not match between the forecast, the bank statements and what is said in meetings.
Third: no personal contribution at all, leaving the lender to carry the entire risk.
Fourth: unresolved tax or social security obligations.
Fifth: showing up without anticipating the questions. A prior diagnostic identifies these issues before they turn into a rejection.
EPIGNOSIS helps prepare financing applications. The lending decision rests solely with the financial institution.
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