I have a loan that was approved under a business name and the individual that completed the application in the approval is a guarantor. I have to report the loan as "approved but not accepted", I follow the "Demographic Information" and other fields (age, income, demographic info, etc) associated with individual versus non-personal, based on the approval?

The applicant is a business and the approval was for a business?

The approval business and the application was completed by the guarantor.

What is the name of the applicant? Is it an individual or a business entity?

individual who will be the guarantor on the loan.

I apologize, but I'm still a little confused. Is the business entity a 'to be formed'? If so, then I believe you would report the individual as he/she is the actual applicant at this stage.

It was in process at approval and commitment letter shows the business entity and the borrower listed as guarantor.

Did the individual apply on behalf of the business? Or was this a counter-offer?

From the time of application the individual intentions were to be guarantor, all the approval process shows the name of the business.

Then you would report the business as the applicant.