13 cfr 123.13 – loan application , (a) if sba denies your loan application, sba will notify you in writing and set forth the specific reasons for the denial. any applicant whose request for a loan is declined for reasons other than size (not being a small business) has the right to present information to overcome the reason or.
When personal loan denied – smartasset, Being turned down for a personal loan is a serious blow, especially if you were banking on getting the cash. understanding why your application was denied in the first place can help you out the next time you try to qualify for a loan. the equal credit opportunity act requires lenders to explain why.
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