Every business is different, so it’s difficult to say in an open forum why you may have been declined for a Credit Limit. Please reach out to our team directly by emailing email@example.com.
However, there are some more common reasons you may not have been approved:
- Minimum net sales or sales history not met
- Tenuous financial status (Higher amount of debt, inconsistent sales, etc.)
- Business location or registered entity outside of SellersFi’s scope of service
- Business type currently not supported
If your application was not approved, we generally recommend that you wait anywhere from 3-6 months before reapplying.