Yes — a decline is not a silent no. We explain the main reasons a decision did not go your way, in terms you can act on, so you know whether it is worth trying again and what to change if you do.
Why we explain
A reason you can understand is far more useful than a bare refusal. It might point to affordability being too tight for the amount, a company file concern, or trading history that is still too thin. The common reasons are set out in why an application might be declined.
Most reasons map to something improvable — bringing filings current, letting trading history build, reducing existing strain. The levers are in what strengthens an application.
What to do next
If you think the reason rests on a misunderstanding, ask us to reconsider. Otherwise, act on it and give it time before re-applying. A previous decline does not brand you forever — does a previous decline stay on record when i re apply explains how it is treated next time.
When you have addressed the reason, apply again.
We lend only to UK limited companies and LLPs, the loan is to the company with no director personal guarantee, and this is business finance outside the consumer-credit regime — as an exempt lender under Article 60B of the Regulated Activities Order we sit outside FCA consumer-credit regulation, so the Financial Ombudsman Service and FSCS do not apply.
See also: Why an application might be declined?, Does a previous decline stay on record when i re apply, Can I ask you to reconsider a declined application?.