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 Installment Loans
Varied loan amounts
Fixed
Interest rates
Repayment terms
Why Apply For Our Monthly Installment Loan
Applying for a Camino Financial unsecured term loan may be 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.Our Basic Business Loan Application Requirements
✓ Have an SSN
✓ Minimum credit score of 670
✓ Business in operation for a minimum of 12 months
✓ Annual sales above $30,000
✓ Current on outstanding credit obligations
✓ No filed tax liens, judgments, credit freezes, or bankruptcies in the past 24 months
✓ Must operate within permitted industries and states
Compare Business Financing Options
Business Installment Loan Business Line of Credit Business Credit Card Nature of Funding Lump sum amount disbursed at once. Revolving credit; draw funds up to a limit as needed. Revolving credit with a set credit limit for purchases. Interest Rates Fixed interest rates; predictable payments. Variable interest rates; payments can fluctuate. Typically higher variable rates; may offer 0% intro APRs. Repayment Terms Fixed repayment schedule over a set term (months to years). Flexible repayment, but may have to be paid in full annually. Flexible; must meet minimum monthly payments. Fees Origination and closing fees. Often has annual fees, transaction fees, and maintenance fees. Annual fees, late fees, foreign transaction fees. Use of Funds Specific purposes like purchasing equipment or expansion. Flexible use, including short-term working capital needs. General business expenses, especially smaller, routine purchases. Amount Available Usually higher loan amounts (in comparison) for significant investments. Typically lower limits compared to installment loans. Credit limits can be lower than lines of credit and installment loans. 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 ● We’re a direct lender with no hidden processing feesRead 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!”Ways You Can Invest an Installment Loan
1
Boosting Working Capital
Managing day-to-day expenses can be challenging. An installment loan can provide the working capital needed to cover operational costs.
2
Expanding Operations
Whether opening a new location or increasing the production capacity at your current location, a business installment loan can provide the necessary capital for expansion.
3
Purchasing Inventory
For businesses with seasonal peaks or those looking to buy inventory in bulk to save on costs, installment loans can help finance these large purchases.
4
Investing in Equipment
Upgrading or purchasing new equipment can increase efficiency and productivity. An installment loan can fund these investments, which may be too costly to pay for upfront.
5
Covering Emergency Expenses
Unexpected costs can arise from equipment breakdowns, natural disasters, or other emergencies. Having funds available can help mitigate these challenges.
6
Launching Marketing Campaigns
Effective marketing can drive sales and increase brand awareness. An installment loan can finance new marketing and advertising initiatives.
7
Hiring and Training Employees
Expanding your team or investing in current employees through training can improve your business’s service or product quality.
8
Developing New Products or Services
Research and development are crucial for innovation and staying competitive. Use an installment loan to fund R&D activities.
Discover Camino Financial's Convenient Loan Management
Get a visual overview of loan status. Track payment history and request more capital through your personalized member account portal.How To Get A Business Loan With Camino Financial
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.
Yes. As a BBB-accredited business with an A+ rating and an average of 4.2 stars across more than 400 reviews prove it.
Camino Financial uses the same technology that banks use to protect your private information.
Have a Social Security Number (ITIN is not accepted).
Business must have been operational for at least 12 months.
A credit score of 670 or higher is required.
Specialty Trade Contractors with a FICO score of 650 or above.
Must have annual sales exceeding $30,000
Must be up-to-date on all existing credit responsibilities.
No record of tax liens, judgments, credit .freezes, or bankruptcies in the last 24 months
Not operating in prohibited sectors.
No businesses that have secured an HCD loan within the previous 90 days.
Not located in HI, NJ, PR, MI, NV, or the Caribbean Islands.
No, you need to be a United States citizen with an SSN to qualify for a business loan through Camino Financial.
No, we cater our business loans to businesses that have established credit history.
No, we don’t require any type of collateral, only a UCC lien.
Camino Financial does not extend small business loans to businesses operating within these industries: Transportation, Warehousing, Real estate, Financial investing or processing, Cannabis industries, Adult entertainment, Car dealerships, Credit unions, and other sectors Specialty Trade Contractors require a FICO score of 650 or above. No businesses that have secured an HCD loan within the previous 90 days. Not located in HI, MI, NV, NJ, PR, MA, NY, ND, OH, PA, or TN; plus IN, NE, or WV for Sole Props.
