Can I take out a business loan if I have a record of non-payment?

Yes, you can be granted a business loan at Froda even if you have a record of non-payment.
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A record of non-payment may result in you receiving a higher interest rate and being offered a shorter term, but we place the importance of our evaluation on how your business is doing today and not how it has fared historically. However, if your company has multiple non-payment statements or if we believe that there is a risk that you will not be able to repay the loan, we may reject your application.