✔ Registered business
✔ At least 12 months in operation
✔ Min. business income of $30,000 annually, or $2,500 per month
✔ No collateral required*
Fill out an online form with personal, business, and financial information to receive a prequalification decision within 72 hours.
We’ll ask you to share several documents with us and let us review your cash flow. This helps us determine your eligibility.
We’ll send a final loan offer, which you need to review and accept. Then, we’ll deposit the funds into your bank account.
Join 9,000+ people choosing Camino Financial
Inventory financing is a type of short-term borrowing or line of credit that businesses use to purchase products they will sell later. Business inventory loans benefit businesses that must pay their suppliers in a shorter period than it takes them to sell their inventory to customers. Depending on the lender, the inventory might serve as collateral for the loan.
To calculate inventory financing costs, you need to consider several factors: - Loan amount - Interest rate - Loan term - Additional fees and charges - Total interest calculation (use the formula “Loan Amount × Interest Rate × Loan Term in years” to calculate simple interest) - Total financing cost - Annualized cost This calculation is simplified and might vary with different loan structures and conditions. It's important to understand the specific terms of your financing agreement and consult with a financial advisor for precise calculations.
*A personal guarantee and a UCC filing may be required at closing. **ITIN is only accepted for people that don’t have an SSN.