11/05/2026
Bank loan rejections are more common than you think.
Here are the 4 most common reasons Singapore SMEs get turned down:
1. Business is less than 2 years old
2. Revenue is inconsistent or hard to document
3. Director has existing personal loans
4. Low or negative business cashflow
None of these mean your business isn't creditworthy.
They mean the bank's criteria doesn't fit your stage.
Alternative lenders like AFS look at the full picture — cash flow, orders, growth potential — not just the checklist.
Rejected by a bank? Tell us your situation. We respond within 24 hours.