Declined? The bank knows exactly why. Now you can too.
Lenders rarely tell you which number killed your application. LenderReady re-scores your file against the same criteria they used, shows you what failed, and gives you a fix list — so the next answer is yes.
It probably wasn't your business. It was your file.
Strong businesses get declined every day over fixable file problems: a coverage ratio a few points short, stale statements, a working capital line that reads worse than reality. The decline letter won't say which one it was. Your file will — if you know how to read it like an adjudicator does.
Three steps to a real answer.
Upload your documents.
Drop in the financial statements you applied with. Fredi extracts the numbers — no forms to fill out.
Get scored like a lender scores you.
Every ratio measured against real Canadian lender thresholds — explained twice: once the way a banker says it, once in plain English.
Fix it and reapply with confidence.
A prioritized fix list showing exactly what to change and how long each fix takes — plus a clean, complete file for the next application.
This is the conversation your banker had about your file — the one you weren't in the room for.
This is one item from a full LenderReady file. The Scanner shows you your first one free.
Built by a banker, not a chatbot.
LenderReady was built by a former commercial banker with over a decade inside Canadian banks — most recently as a commercial-banking Relationship Manager. Fredi scores your file the way that banker was trained to score it on the other side of the desk. The difference: this time, the analysis is yours.
One file. One fee. No subscriptions.
You already paid for the decline in time and lost momentum. The fix costs .
A consultant charges $2,500+ to prepare a lending package. LenderReady builds yours for — and you keep access to update it as your business changes.
Turn one no into your last no.
Upload one statement. See your first flagged issue in minutes. No credit card.
Fair questions.
How can you know why I was declined?
Canadian lenders adjudicate against a consistent set of ratios and file-quality standards. We score your documents against those same standards and show you every miss. In most declines, the cause is visible in the numbers.
Will this guarantee approval next time?
No — and be suspicious of anyone who promises that. It shows you what failed, what to fix, and when your file clears the thresholds lenders actually use.
How fast can I reapply?
Depends on the fix. Some are document problems you can fix this week; some are ratio problems that take a quarter. Your fix list tells you which is which.