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Comeau said: "My husband has a credit score of 580. He recently started a business, but now needs a loan, so that he can purchase inventory. My husband is in the army as well. Does anyone know of any way my husband can get a business loan with poor credit, as well as already having an outstanding loan on his car, although it is in good standing."
kevinloans said: "From my understanding, banks that usually lend on business loans generally require a 680 FICO score. Depending on the bank, I know some that have lent on a 620 FICO score with strong assets. I would recommend calling around and trying your local credit unions."