For example, if you've made a couple of bad investments or gotten behind on a few bills because you lost your job, you're going to be hard-pressed to find the commercial loan you need to go in business for yourself. After all, lenders look at poor credit scores when deciding whether or not to approve a loan.

Although this may be a good method of  determining which potential clients are bad risks during a boom economy, during recessions there are good people looking to take care of themselves by starting up new businesses. After all, if you can't find a job, come up with a business where you can employ yourself. This should be a good thing, and some lenders will view it that way and grant you a poor credit commercial loan.

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There are some steps you can take to alter your business' poor credit rating. You might want to look into debt consolidation to make lenders see your debt a bit more favorably as it shows them that you are trying to positively address your debt situation.  You might also want to pump some of your personal assets into your business to get it over the financial crunch. Use of personal credit cards can give you the money you need to make your business accounts look less debt ridden, but this shouldn't become a long-term solution to your commercial finance needs.

You'll find numerous websites online that offer loans to people who just don't have high enough credit scores to interest local banks. You can hire a mortgage broker to help you find the right loan for you, or you can use one of the services offered by a website. You want to find at least three different lenders who are willing to advance you money so that you can choose the one that offers you the most favorable terms.  Read all of the fine print carefully. You don't want to get snookered into a loan shark type of organization that you'll never be able to buy your way out of. Find out something about the company you want to do business with. You can check with the Better Business Bureau to find out if they have any cases against the company on their books. 

Once you've done your homework and are satisfied with the reputation of a company that offered you a poor credit commercial loan, go for it, and best of luck to you!