✔ Registered business
✔ At least 12 months in operation
✔ Min. business income of $30,000 annually, or $2,500 per month
✔ No collateral required*
Share with us basic information about your business and finances. We’ll let you know if you prequalify in up to 72 hours.
Accept the prequalified terms, let us review your cash flow, and share some documents with us. We’ll make a final approval decision.
Receive your loan offer and sign the agreement. We'll deposit the funds directly into your bank account.
Join 9,000+ people choosing Camino Financial
A business capital loan is a financial product used to finance everyday business operations. Usually, it's short-term, and you can only use it to cover short-term expenses, such as payroll, operational costs, and rent. It's also referred to as a working capital loan. It can help keep a business afloat during slow seasons or cash flow gaps.
A business capital loan supplements temporary shortfalls in working capital in everyday business operations. For example, if your business experiences a sharp increase in product demand, you'll have to purchase additional raw materials to boost your inventory. If you don't have the funds to do this, you can seek business funding to cover it and meet consumer demand.
You should consider it if: - You're struggling to meet your daily running costs. - You don't have a stable or predictable income throughout the year. - You're experiencing difficulties managing cash flows. - Your business is seasonal, meaning you have a quiet and busy season.
There are several ways to strengthen your working capital, the most common types include: - Term loans. With this type of loan, you receive a lump sum of cash upfront from your lender, which you pay off over regular installments within a certain period. - Business lines of credit. This extension of credit allows you to borrow as little or as much as your business needs within your credit card limit. - Merchant cash advances. It requires you to give up a percentage of your business's future earnings (usually credit card sales) in exchange for a lump sum. - Invoice financing. This working capital loan allows you to borrow money against the amounts due from customers. - SBA (Small Business Administration) loans. SBA offers small businesses various loans with favorable terms and rates. However, their approval process can take months, and their requirements are strict.
*A personal guarantee and a UCC filing may be required at closing. **ITIN is only accepted for people that don’t have an SSN.