A lot will depend on your business risk profile as well as your finances. Some merchant acquirers are more lenient than others. Have you or any associates previously had a merchant account, and did you run it with incurring chargebacks or missing any payments? There are many businesses now available that now specialise in “high risk applicants”. PSP vary from across the board, and what may have been grounds for denial with one provider, doesn’t mean being declined from another.