Due to the risks involved, strict guidelines are imposed on business finance, so securing approval can be difficult. Here are a few mistakes to avoid to increase your chances of approval. Not knowing your credit score Many consumers may not realise the importance of a credit score. Not only is it taken as a reflection of your ability to make repayments, it also highlights your financial history which is why understanding what it is and how it can be improved can be vital. We have seen cases where businesses were oblivious that they had a credit default until it was time to submit an application. Lack of planning Understanding the assessment criteria and having a well-prepared application increase your chances of approval. The key
