What is roles of Loan Consultant?
I am totally blank when I obtain information available online and always thought that people would always go to bank for getting the loan for business, personal or mortgage. Out of my expectation, there are plenty of room in the industry due to loan rejection from local bank and lack of understanding for getting required funds to run business or personal household requirements.
There are plenty of reason business loan was rejected, but bankers will not tell you.
- Applicant does not have ability to repay the loan
- Purpose is not inline with the facilities applied for.
- Unsatisfactory financial results
- Business is operate less than 2 years
- High industry risk
- Weak Management
- Bank is not keen to serve your business type
- Inadequate collateral