Business Installment Loans
Our installment loans have competitive interest rates and provide repayment terms of 24 months to match your business needs. At Camino Financial, we believe that financial assistance should be accessible and convenient for everyone. Whether you need funds for unexpected expenses or a planned purchase, our commercial loans provide a reliable solution to help you achieve your goals.Camino Financial's Term Loans
Why Apply For Our Monthly Installment Loan
Applying for a Camino Financial unsecured term loan may the best alternative if you seek a lending solution that offers structured payments that align with your financial needs. Unlike other types of loans, like credit cards or variable interest rate products, our online installment loans have fixed rates and payments. This makes it easier to budget your payments since the amount won't change from one month to the next.Minimum Application Requirements
✔ Registered business
✔ At least 12 months in operation
✔ Min. business income of $30,000 annually, or $2,500 per month
✔ No collateral required*
How To Get A Business Loan With Camino Financial
Benefits Of Choosing Camino Financial
● An application process that’s 100% online ● Fixed terms and competitive rates ● We commit to maintaining your security and privacy ● No early prepayment penalties ● We have a bilingual customer service team ● You can apply with an ITIN number** ● We’re a direct lender with no hidden processing fees ● You can renew after 12 timely paymentsRead What Others Are Saying
Join 9,000+ people choosing Camino Financial
Anthony Williams
“This was the best loan application experience ever. Other financial institutions need to take a look at how Camino delivers and operates...”Bernie Bravo
“...Camino Financial was great to work with and I love how they determined the loan amount based on my personal guarantee.”Rubert Velasquez
“...Camino is the best I’ve encountered so far. They’re always there to help and really make things happen in a professional, timely manner. Thanks Yvette!”FAQs
An installment loan, or term loan, is a financial instrument that provides a borrower with a fixed sum of money paid back through regular, scheduled payments (often monthly). They can be either short-term or long-term. This type of loan typically offers predictable payments and more favorable, fixed interest rates, especially when compared to other lending options, like credit cards or payday loans.
Installment loans are generally preferable as they offer lower interest rates, longer repayment terms, and fixed payment schedules that make the debt easier to manage. Payday loans, while quick and often requiring no credit check, have much shorter repayment periods and exorbitant interest rates, which can trap borrowers in a cycle of debt. Installment loans tend to be a safer and more economical borrowing option.
Small business loans can be either installment loans or revolving lines of credit. Installment loans provide a lump sum and have fixed payments over a set term. Revolving lines of credit allow businesses to draw funds up to a certain limit and make payments on a flexible basis, with credit becoming available once you repay it. The choice between the two depends on the specific financial needs and repayment abilities of the business.
*A personal guarantee and a UCC filing may be required at closing. **ITIN is only accepted for people that don’t have an SSN.
