There are a few reasons as to why your application is not succesful:
The business did not meet our minimum requirements here.
The company's outstanding loans are significant and it would be adviseable to avoid taking additional loans at the moment.
Some of the information provided were insufficient for us to make a decision as we could not get everything we needed.
You already have an outstanding AspireFunds loan.
Don't worry though. Many businesses that are now using AspireFunds regularly are not approved at their first loan. This is normal. Please grow your business for few weeks and come back again after 30 days.