Other factors, such as an incomplete or incorrectly completed loan application, as well as missing required documents or insufficient information about the borrower, can also be reasons for loan denial. For more information on reasons for SBA loan rejection, please see the article https://www.gofundshop.com/blog/sba/why-was-my-sba-loan-declined-what-you-need-to-do-next/, which I hope will answer your questions.