Top 5 Reasons Banks Deny Business Loan Requests

Banks deny more than 80% of small business funding requests and nearly 90% of start-up requests. But why? Come learn the top five reasons why your small business loan request was (or will be) rejected and more importantly, how to prepare yourself and your small business (including start-ups) to actually get funded. Join business loan broker Boyd Karren, of Otro Financial, for this informative look at what banks and alternative lenders look for when considering your request, and the options that may still be available to you even if your loan request has already been rejected by a bank.

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Our Presenter, Boyd Karren

Boyd is “a serial entrepreneur”. He loves the world of small business and believes deeply that small business ownership is the key to strong communities.

Boyd has earned two master’s degrees in business: an MBA from Indiana University, and a Master of Global Management degree from the Thunderbird School of Global Management.

He became a business loan broker and started Otro Financial after experiencing his own difficulties in finding funding for his small business opportunities.

While living in Texas, Boyd had a “Field of Dreams moment” in which the voices in the corn told him to move to Florida, which he did, bringing Otro Financial with him. Boyd and his wife, Kristi, will celebrate 30 years of marriage this August. They are the parents of four children, and as of last August, they became empty nesters. He is loving this new phase of life while they wait semi-patiently for grandchildren. In his free time, you will find him and his wife enjoying tacos, road trips, or just sitting in chairs at the beach, relaxing.

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