Due to the Great Recession, banks are much tougher when they underwrite commercial loans these days. It all depends on the three C's of underwriting - credit, capacity to repay, and collateral. Commercial banks are the lenders who are making most of the commercial loans today, and banks require good credit. You will usually need a credit score of at least 680, and a credit score of over 700 is gre
atly preferred. Now if your credit score is lower than 680, please don't panic. We recently convinced a bank to approve a commercial loan for a veterinarian with a foreclosure on his record (due to a divorce) and a credit score of just 630. And even if a bank won't do your particular deal, there are still scores of hard money commercial mortgage companies willing to make subprime commercial loans. Visit Our Commercial Loans Center Now and Let's Look at Your Commercial Loan reques
