Mollie Capital applications can be declined at different stages of the application process for a variety of reasons.
Before making a financing decision, Mollie and our financing partners assess several factors related to your business performance, financial profile, and eligibility.
Due to financial regulations and risk management requirements, we’re unable to share detailed reasons for individual application declines. However, applications are commonly declined for one or more of the following reasons:
- Your business sector or trading history does not meet our acceptance criteria
- The credit score does not meet the minimum threshold
- Your business has a history of missed, overdue, or defaulted payments
- You recently received financing and are not yet eligible to apply again
- The credit profile of the business and/or the Ultimate Beneficial Owner (UBO) does not meet the requirements
How is creditworthiness assessed?
Creditworthiness is assessed using a combination of factors related to both the business and the Ultimate Beneficial Owner (UBO). These factors help Mollie evaluate financial risk and support responsible lending decisions.
This assessment may include:
- A soft credit check on the business
- A soft credit check on one or more Ultimate Beneficial Owners (UBOs)
- Payment performance with Mollie
- Existing debt levels
- Repayment history (if you previously received Mollie Capital funding)
How does transaction performance with Mollie affect creditworthiness?
We assess transaction performance to better understand your business’s financial stability.
This may include reviewing factors such as:
- Changes in transaction volume or frequency
- Chargeback rates
- Customer complaints or disputes
These factors may affect the outcome of your application.
Why was my top-up application declined?
In most cases, you can apply for a top-up once 55% of your current financing has been repaid.
However, repayment progress is also taken into account. If repayments are progressing more slowly than expected, it may be too early to provide additional financing.
Why was my application declined after receiving an offer?
Receiving a financing offer does not guarantee final approval.
Final decisions are based on the most up-to-date information available at the time your application is completed. In some cases, recent changes to your account or financial profile may affect your eligibility, meaning previously shown offers are no longer available.
This could include changes to:
- Your financial status
- Credit score or credit profile
- Transaction or payment performance history