You have the right to a notice of denial, which can come from the SBA or your lender if your application for an SBA loan is rejected. If, however, you are turned down for a small business loan by an online lender or another financial institution, get in touch with them to see why. They might have suggestions for how to raise your chances of approval in the future. Once you are aware of the reasons your loan application was denied, take action to address the underlying problems.