Can I take out a business loan if I have payment defaults?

Yes, you can be approved for a business loan from Froda even if you have payment remarks.

Previous payment remarks may lead to a higher interest rate and shorter repayment period, but in our assessment, we focus on how your business is doing today and not how it has performed historically. However, if your company has several payment remarks, or if we believe there is a risk that you will not be able to repay the loan, we may reject your application.

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