There are several options to consider if you have been rejected for a loan. The first thing you will want to do is find
out why you were rejected and determine if the problem can be fixed. You will also need to understand
your credit rights. You may be able to:
Lower the requested loan amount
Propose alternative payment terms
Opt for a higher interest rate to reduce the bank's risk
Introduce loan agreement outs that can protect the lender. For example, stage the funding of the loan and tie it to reaching milestones or meeting certain loan agreements
