I want to pay off everything owed on the business so that I just have one payment per month to worry with. However, the only collateral that I have is my equipment in my shop because I rent the building.

My score is a 604, I’m 21. I want to start a business but I dont have any thing to put up as collateral. I thought about buying a house for cheap and rent it out until my credit score raises. Is this a great idea? buy the way i rent an apartment.
Yes I have extra income to invest in a property. I have already considered the risks.

I’m in the United States and have a job here.
I want to buy property in the Philippines with a partner.

The issue is that I need a loan to do this.
My partner and I do not have a house to use as collateral here.
Banks here won’t loan because we can’t use the property in the Philippines as collateral.
Banks in the Philippines won’t use that property as collateral and won’t lend to someone that is working in the States.

My question is this… what financial institution(s) can I go to that will make a loan of this type? How can I find them? Would I need one in the Philippines or can I use one in the states?