Commercial loans are more about the property than the individual (like a home loan), but a 590 score is bad credit... I'd talk with a credit repair company and see if you have any options to quickly get your score higher.
As Joe stated, net income, also know as debt coverage ratio, as well as credit is important. You may need higher equity, as well as better credit.
Getting your credit scores up is crucial, getting the Debt Coverage Ratio in the right ratios is the next crucial element. Contact a credit repair company and then once you are a 680+ you should find reasonable financing. Other wise you are looking at much higher rates.
i do commerical loans, anged I do have one source that they are not real credit score concerned, but the over all package please email me at yourloanpartnerforlife@live.com linda
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