What credit score is needed for commercial real estate and business loan?

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The credit score needed for a commercial loan varies depending on the lender, the type of loan, and other factors like the borrower's financial history and business details. Generally:

1. Traditional Bank Loans: For a commercial loan from a traditional bank, a personal credit score of 680 or higher is often required. However, some banks may require a score of 700 or above, especially for larger loans.

2. SBA Loans: For Small Business Administration (SBA) loans, a credit score of 620-640 is usually the minimum, though higher scores improve your chances of approval and better terms.

3. Alternative Lenders: Alternative lenders may accept lower credit scores, sometimes as low as 500-600, but these loans often come with higher interest rates and less favorable terms.

4. Other Factors: Beyond credit score, lenders also consider business credit, revenue, cash flow, the length of time in business, and collateral.

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Improving your credit score, having a solid business plan, and ensuring strong business financials can help in securing a commercial loan with better terms.