Updated: Feb 3

Over the years, we have assisted many clients through the process of applying for credit. Along with lots of approvals, there have been some who were declined. When navigating the reasons for denials, we’ve found a few that seem to stand out, possibly because they seem so trivial.

We want to make sure business owners understand how some of the smallest details can cause the biggest headaches when your company is applying for business credit.

15 Most-Common Reasons Applications Fail

1. Incorrect or incomplete company name, address, or contact info The name, address, and phone must be exactly as in the business credit file. Be sure to include the Inc, Corp, or LLC on your business name. Contact information should reflect for the business, not you personally.

2. Providing an EIN or DUNS number in the SSN slot If the application requ