If the company you work for has defaulted on loans and has dishonoured debt in the past, lenders will have blacklisted it. If you apply for a loan and mention that you’re working for a blacklisted company, lenders will reject your application on the basis that you don’t have a stable job. This is no fault of your own, but lenders will tend to look at applicants who pose the least risk in terms of dishonouring the loan. This is a rejection by association.