Why are people's loan requests turned down usually?

What Mr Naeem suggested plus the lack of credit history or bad credit history, low credit score, or if the economy is in recession. 

Mainly it is because:

1. Referneces are not up to the mark

2. Lien is over rated or under rated

3. Purpose is not clear

4. Forms are not dually signed

5. Signatures are not matched

6. Loan requirement is either more or less then actual

7. Bank Policy doesn;t allow volatile business (In case of company)

8. Business is not secured (In case of company)

9. Goals are not appropiate

10. Objectives and Cash flow are not as stated (In case of company)

1. Lack/no credit history 

2. your cash flow history and projections for the business does not meet the requirements

3. your collateral is not available to secure the loan

4. bad character

5. Low or no credit score

6. Forms/documents are filled incorrect