Qualifying for Camino Financial's Construction Business Loans

Why Camino?

We never leave Small Businesses behind

• Self-employed & sole props
• Undocumented applicants
• Cash-heavy businesses
• Owners with no credit history

How to apply?

3 Easy Steps to Construction Business Funding

• Simple and Easy Online Pre-Approval

  Fill out the application with basic information about you and your business. You’ll know if you pre-approve in less than 24 hours.

• Get Matched With the Best Loan For Your Business

  We’ll carefully review business documents to find the construction business loan that best fits your needs.

• Receive an Offer and Get Funded Within Days

  Your account executive will send your loan agreement. Sign it, and in just a few days, you will receive your capital directly into your bank account.

Calculate your monthly payment

Qualify for a Construction Business Loan

Minimum Requirements

Help for Construction Companies and Contractors

We Know What You Need

• Financing a construction
• Buying equipment and parts
• Growing your crew
• Purchasing supplies
• Improving your cash flow
• And more!

MINIMUM REQUIREMENTS

Because we understand you, we created easy to meet requirements

• Business Owner’s

  ITIN or SSN

• Annual Revenue

  Over $30,000

• Time in Business

  Over 9 months

Success stories

We’ve helped over 3,000 businesses, you could be next

Frequently Asked Questions

1. How can I get a construction business loan?

   1. We Want to Know More About You and Your Small Business Complete our short online application: it only has a few simple questions about your small business. You will learn if you prequalify for a construction business loan in just a few seconds!
   2. Review Your Options With A Small Business Loan Specialist We will explain your funding options to ensure you have the capital you need without hurting your cash flow. At this point, we will answer any question you may have about the loan process.
   3. Submit Basic Financial Records Submit information about your construction business cash flow. Sharing your financial statements is easy and secure! This will help us personalize your construction business loan so that it fits all your needs.
   4. Accept the Final Offer and Business Loan Terms Our team is ready to present a final loan offer. You just need to review the terms and sign!
   5. Receive Funding You’re ready to receive the capital you need! We’ll deposit the funds directly into your bank account.

2. What are the requirements?

   Do you want to apply for a construction business loan with Camino Financial? These are the requirements you must meet:

   1. Your business needs to have been operating for at least 9 months
   2. Earn $2,500 in monthly gross income (or $30,000 annually)
   3. Have an SSN (Social Security Number) or an ITIN (Individual Taxpayer Identification Number)
   4. You need to be the owner of at least 50% of the business
   5. Be located in the US (except New Jersey, Hawaii, and Puerto Rico)
   6. Don’t have any bankruptcies in the last 24 months
   7. You should be current with other outstanding credit obligations

   Keep reading Why Camino Financial Has Fewer Business Loan Requirements Than Other Lenders?

3. What type of construction business loan does Camino Financial offer?

   We offer unsecured, term loans at fixed interest rates and with flexible requirements. We’ll help you finance the needs of your construction company.

4. Should I apply for a construction business loan with CF?

   Yes! We understand the ins and outs of the construction industry and know what you need. Our experience with construction business owners and contractors like you helps us create loans that will fulfill all your needs. We don’t think of our customers like numbers. You are part of our family. Learn why Camino Financial customers are happy to work with us

5. Can I get a construction business loan if I only have an ITIN?

   Of course! We understand how important funding is for all businesses; that’s why we don’t factor in your immigration status. When applying for a loan, we focus on you, your business, and your story. At Camino Financial, we approve owners with only an ITIN. Continue reading Can I Get Credit Only with an ITIN?

6. Can I apply for a construction business loan if I don’t have a credit history?

   Yes, you can apply! We don’t require you to have previous credit history nor a minimum credit score. Why? Because knowing that you are a hard-worker business owner is more important than a score. Everyone should have the same access to financing.

7. Does the Camino Financial application affect my credit score?

   No. There are 2 ways to review your credit history:

   1. A “hard pull,” that becomes part of your record and affects your score. This is what many lenders use.
   2. A “soft pull,” which doesn’t affect your credit score. This is what we do at Camino Financial to help you maintain a healthy score.

8. Do I need collateral to apply for a Camino Financial loan?

   With us, you don’t need to put up collateral. We offer unsecured loans, which means we don’t ask for collateral to secure your loan. We don’t want you to risk your property, so your vehicles, equipment, and other assets are safe with us.

9. What are your interest rates?

   Our annual interest rates range from 12.00% to 24.75% for our business loans and 19.0% to 34.0% for our microloans. Learn how we calculate your interest rate.

10. Is the lending process safe?

    Yes. We know how important it is that personal information stays safe. So we use the same technology that banks use to protect sensitive information and documents. With us, your information will always remain safe.