A written, line-by-line review of your full lender package — decline letter, business plan, financials, and assumptions — from a Canadian commercial banker. You'll know exactly what killed the deal, and exactly what to fix before you reapply.
Roughly 40 to 50 percent of Canadian small business loan applications are declined on first submission. Almost none of those applicants are told the real reason. What they get instead is a polite letter with vague language designed to close the conversation:
"Insufficient debt servicing capacity."
"Your application does not meet our current risk appetite."
"We are unable to support this request at this time."
Every one of those sentences means something specific to a credit adjudicator. None of them tell you what to fix. So you sit with a dead deal, a 90-day reapplication clock ticking, and no idea whether the problem was your DSCR, your collateral position, your assumptions section, your industry classification, or your personal credit profile — let alone which of those is fixable in time to save your financing.
That's the gap this review fills. You send us your full package. A Canadian commercial banker reads it the way an adjudicator would. You get back a written report that names the actual reasons, ranks them by severity, and tells you exactly what to change before you reapply.
Not a template. Not a generic checklist. A specific, line-by-line analysis of your file written by someone who has approved and declined applications exactly like yours.
Translation of every line of your decline letter into what the adjudicator actually meant. No more guessing what "insufficient debt servicing" was code for.
A scored assessment of your application against the same five-pillar framework Canadian credit adjudicators use. Strengths, weaknesses, and where you fell short.
Your debt service coverage ratio calculated the way the lender calculated it — including the adjustments and stress tests they applied that you didn't see.
The single most common reason plans get declined. Every revenue assumption, cost line, and growth projection in your file is checked against what bankers consider defensible.
Three to seven concrete problems identified in your file, ranked from "deal-killer" to "minor concern." If we can't find at least three, you get a full refund.
A prioritized action list for your reapplication. What to change, what to add, what to remove, and which lender or program is most likely to approve you next.
Both tiers include the full written banker review. The difference is speed and access.
No phone tag, no consultations, no proposals. A clean intake form, a focused review, a written report.
Decline letter, business plan, financial statements or projections, personal net worth statement, and any covenants or supporting documents the lender saw. The intake form walks you through it in roughly 15 minutes.
Personally. Not a template, not an AI dump. The same kind of read your application got at the bank — but with the actual reasoning written down for you to keep.
Delivered as a polished PDF. Eight to twelve pages. Specific, actionable, and written in plain English — not banker jargon. Yours to share with your accountant, partner, or next lender.
You'll know what to fix, in what order, and which lender or program to approach next. If you need a rebuilt business plan to match, LenderReady's $99.99 plan generator is built on the same banker logic.
There are firms in Canada that will package your loan application for a percentage of the deal. There are business plan writers who will draft your projections for two thousand dollars. Neither of them sat in the credit adjudication seat. Neither of them can tell you, with confidence, what an actual Canadian banker saw in your file and decided against.
This service exists because that gap shouldn't exist. If you're going to spend the next 90 days rebuilding your application, you should know exactly what you're rebuilding it against.
"The decline letter said 'insufficient debt servicing.' The review explained that my projected DSCR was 1.08, and the bank wanted 1.25 minimum. I cut two cost lines, restructured the loan request, and got approved on the second try."
— Sample testimonial format. Real client stories will be added as reviews are completed.
48-hour turnaround. 30-minute video call with the banker who reviewed your file. Walk through every recommendation live and leave with a clear reapplication plan.
Waitlist members get first access at launch — and lock in early pricing before public release.
If we can't identify at least three specific, actionable reasons your application was declined, you get a full refund. Given how Canadian commercial credit decisions actually work, this almost never happens — but the guarantee is real and unconditional.
A Canadian commercial banker with direct experience evaluating small business loan applications. For privacy reasons, individual reviewers are not named publicly — but every review carries the same standard and the same banker judgment that powers LenderReady's plan generator.
At minimum: your decline letter, your business plan, and your most recent financial statements or projections. Ideally also: personal net worth statement, cash flow forecast, and any correspondence with the lender. The intake form walks you through everything.
Because each review is done personally and carefully. We'd rather deliver ten exceptional reports than fifty rushed ones. When the cap fills, the page switches to a waitlist for the following month.
No, and anyone who does is not telling you the truth. Lending decisions depend on factors outside any consultant's control. What we can guarantee is that you'll know exactly why you were declined the first time, and exactly what to address before trying again.
Yes. Your file is reviewed once, the report is delivered, and your documents are deleted within 30 days unless you request otherwise. Nothing is shared, sold, or referenced anywhere.
Ten reviews per month. First-come, first-served. When April fills, the next opening is May.
Request Your Review →