To apply for a business loan, click the "Apply for a Loan" button below and fill out the application form with your contact details, business duration, loan amount, purpose, state of residence, and annual gross revenue.
After assessing your application, we will determine the optimal loan amount, interest rates, and repayment terms. Connect your bank account with PLAID for cash flow verification.
A representative from Camino Financial will guide you through the process to ensure a swift transfer of funds, simplifying and expediting your loan acquisition for uninterrupted business growth.
Fill out the form with your small business' information, and you will know your pre-approval status within 72 hours.
Review your preliminary loan terms, and connect your bank account.² We will analyze your business cash flow for your loan approval.
Once approved, you'll get your final offer. Agree to the terms, & sign the agreement. Your funds will then be deposited into your account.
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The maximum loan amount is $25,000, with an origination fee of 6.99%. We do not charge early payment penalties, and the time from application to funding is 7 to 12 days. We restrict the use of our loans from any business acquisitions, management buyouts, investing in cryptocurrency, or personal use of any kind.
We schedule the monthly business loan payments through our automated payment system based on PLAID technology.
|Amount||Loan Payback Period||Minimum Score1||Min. Time in Business||Min. Annual Income||ITIN Accepted?||Collateral needed?|
|Camino Financial||$5,100 - $25,000||24 months||N/A||12 months||$ 30,000||YES4||NO|
|Other Business Term Loans3||$10,000 - $30,000||3 - 36 months||680||2 years||$ 200,000||NO||YES|
|Line of Credit3||$10,000 - $1M||Varies||630||1 year||$ 180,000||NO||YES|
|Merchant Cash Advance3||Up to $500,000||3 - 12 months||N/A||1 year||$50,000||Varies||NO|
|Invoice Financing3||Up to 90% of the invoice value||Varies||500||1 year||$ 130,000||NO||YES|
After you complete our business loan application, we’ll evaluate if you pre-qualify. If you do, and if you like the loan terms we’ll offer, you just need to allow us to review your bank account’s cash flow. Then, with all this information, we’ll make final approval. Finally, and after the contract is signed, we’ll transfer your loan.
At Camino Financial, we understand businesses and that your credit history does not necessarily reflect your actual creditworthiness. That’s why we use both traditional credit evaluation tools and our CaminoScore technology. This allows us to decide if we can approve your loan and calculate the loan rates.
It is possible to get business funding with bad credit; you just need to find the correct lender. At Camino Financial, we want to help all small business owners. That’s why depending on your particular situation we can offer you funding even with bad credit.
No! Our small business lending process doesn’t require collateral. That way, you can grow your business without putting your assets at risk.
With Camino Financial, you can get small business funding up to $35,000!
1ITIN only holders do not require a minimum FICO score. SSN holders require a minimum FICO score of 560 2If PLAID can not pull your bank transaction data, we offer the option for you to collect and send bank statements 3Other loan options are reviewed on a quarterly basis 4ITIN is only accepted for persons without a SSN 5Camino Financial does not extend small business loans to businesses operating within these industries: Transportation, Warehousing, Real estate, Financial investing or processing, Cannabis, Adult, Car Dealerships