How soon can I reapply after a business loan rejection?

There is no fixed waiting period for reapplying after a business loan rejection, but it is advisable to understand and handle the reasons for rejection before submitting a new application. You might need to boost your credit score, collect any outstanding paperwork or update your business plan to address the concerns. Many financial institutions advise waiting for about three to six months before reapplying, giving you time to make these improvements and present a stronger case. If you apply again too quickly without making any real changes then you risk facing more rejections and possibly damaging your credit history further.