Minority Business Loans
At Camino Financial, we understand that minority-owned businesses face unique challenges, and we're here to bridge that gap with dedicated financial support. We designed our minority business loans to help entrepreneurs invest in the tools and resources necessary to thrive. Our commitment is to empower communities that have a hard time obtaining commercial financing elsewhere.Camino Financial Bridges the Gap for Minorities
At Camino Financial, we're a committed partner in the journey of minority entrepreneurs towards achieving their dreams. We've dedicated ourselves to offering a helping hand where it's needed most.
Our history of supporting diverse communities speaks volumes, with an open-door policy that welcomes all applicants who meet our criteria. Discrimination has no place at Camino Financial.Camino Financial’s Business Loans for Minorities
Varied loan amounts
Fixed
Interest rates
Repayment terms
Why Apply for a Camino Financial Loan
Applying for business loans for minorities with us means working with an organization that genuinely understands and values your unique journey as an entrepreneur. We stand out in the financial landscape through our unwavering commitment to inclusivity and support for underrepresented business owners. With Camino Financial, you're not just applying for a loan; you're getting the opportunity to receive approval even if more traditional lenders have said "no."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 Other Financing Options
Amount Loan Payback Period Minimum Score1 Min. Time in Business Min. Annual Income Collateral needed? Camino Financial $10,000 - $50,000 24 months 670 12 months $ 30,000 NO Other Business Term Loans* $10,000 - $30,000 3 - 36 months 680 2 years $ 200,000 YES Line of Credit* $10,000 - $1M Varies 630 1 year $ 180,000 YES Merchant Cash Advance* Up to $500,000 3 - 12 months N/A 1 year $50,000 NO Invoice Financing* Up to 90% of the invoice value Varies 500 1 year $ 130,000 YES Benefits of Our Minority Small Business Loans
● An entirely online application procedure ● Fixed and competitive interest rates ● We are committed to the safety and privacy of your information ● No extra charges for paying off the loan early ● A world-class customer support team ● Transparent processing fees without any hidden chargesRead What Our Customers 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!”Discover Our 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 Apply For Small Business Funding
FAQs
Small business loans for minorities are specialized financial products designed to support entrepreneurs from minority groups that are often underbanked. These loans aim to address the challenges and disparities faced by these communities in accessing capital.
Minority groups often include: - African Americans - Hispanic or Latinos - Asian Americans - Native Americans - Women - Veterans
In the United States, a business is recognized as minority-owned if it meets certain criteria, which are primarily centered around ownership and control. The business must be at least 51% owned by individuals from recognized minority groups. Additionally, these minority owners must play a central role in the daily management and decision-making processes of the company.
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.
Keep Reading
A Guide To Minority Business Loans
Read moreAn In-Depth Guide To Latino And Hispanic Small Business Loans
Read moreBest Small Business Loans For Women: Financing Guide For Female Entrepreneurs
Read moreFunding For Black Owned Businesses: Everything You Need to Know
Read moreSmall Business Loans For Black Women: Best Financing Options And Alternatives
Read moreCamino 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. *Other loan options are reviewed on a quarterly basis
