When evaluating a commercial loan application, we typically look at several factors to determine whether to approve the loan and what terms to offer. These factors may include:
We do understand that every business owner's financial situation is unique. At Tidemark, we recognize this and strive to offer a variety of loan options to best suit your needs. Our lending experts are here to work with you to find the loan that is the right fit for you and your business.
The credit score required for a commercial loan can vary depending on a number of factors, including the type of loan, the size of the loan, and the creditworthiness of the borrower. While a high credit score can be a positive factor when evaluating a commercial loan application, it is not the only factor that we consider. We also look at the financial health of the business, the business plan, the purpose of the loan, and the collateral available to secure the loan.
That being said, a credit score is an important indicator of an applicant's creditworthiness, and a lower credit score may indicate a higher risk of defaulting on the loan. Therefore, a credit score of 680 or above is typically a good starting point for a commercial loan application. However, we encourage all business owners to speak with one of our lending experts to discuss their individual financial situation and determine the best loan option for their needs.
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Tidemark Federal Credit Union is not responsible for information on or experiences you may have with other web sites linked from the Tidemark Federal Credit Union web site.
If you click "Continue", an external Website that is owned and operated by a third-party will be opened in a new browser window
If you click Cancel you will be returned to our Website.
Tidemark Federal Credit Union is not responsible for information on or experiences you may have with other web sites linked from the Tidemark Federal Credit Union web site.
If you click "Continue", an external Website that is owned and operated by a third-party will be opened in a new browser window
If you click Cancel you will be returned to our Website.
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