To secure a loan despite difficulties, first review and correct errors on your credit report. Pay down credit card balances to reduce utilization rates, which can boost your score. If your credit score is too low, consider secured loans or credit-builder products. Explore alternatives like small business loans, personal loans, or peer-to-peer lending if traditional banks reject you. Document stable income through pay stubs, tax returns, or alternative revenue proofs. Negotiate loan terms with flexible还款 schedules or lower interest rates.

Poor credit scores and insufficient documentation are common barriers to loan approval. A 2023 Federal Reserve study found that 30% of U.S. adults were denied loans due to credit score issues, with denial rates rising to 50% for scores below 600. Secured loans, which require collateral, approval rates increase to 70% for borrowers with scores below 620 (Consumer Financial Protection Bureau, 2023). Exploring alternatives like SBA loans or personal loans can bypass traditional bank requirements, as 40% of small businesses used alternative lenders in 2022 (National Small Business Association). Proactively improving credit scores by paying bills on time and reducing debt can lower interest rates by up to 2% annually, saving an average of $500 over a five-year loan term (Federal Reserve, 2022).