Sole Proprietorship Loans
Running a sole proprietorship can be challenging, but financing your business shouldn't be. Camino Financial offers sole proprietorship loans that provide the financial support you need to grow your business, manage cash flow, or make investments. Apply now and get the financial backing you need to thrive.Can Sole Proprietors Get Business Loans?
YES! Sole proprietors are eligible to apply for and receive small business loans. These loans can help them cover business expenses, expand their operations, or manage cash flow.
While obtaining financing can sometimes be more challenging for sole proprietors compared to larger businesses, several options are available, like Camino Financial's business loan.Camino Financial’s Sole Proprietor Loans
Varied loan amounts
Fixed
Interest rates
Repayment terms
Why Apply With Us
Camino Financial focuses on streamlining the loan process for sole proprietors. Our application is straightforward and user-friendly, catering specifically to the requirements of individual business owners, ensuring that our financial solutions are accessible to a diverse entrepreneurial community.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 Lending 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 Camino Financial’s Immigrant Loans
● A 100% online application process for your convenience ● Competitive interest rates with fixed terms ● A strong commitment to safeguarding your information and privacy ● No extra charges for paying off your loan early ● A dedicated and exceptional customer support team at your disposal ● Clear and upfront processing fees, no hidden costsRead What Our Customers Think
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 Sole Props Can Invest a Business Loan
1
Inventory and Supplies
They might use loans to buy in bulk or secure essential materials at a better price, impacting their profit margins positively.
2
Equipment or Technology Upgrades
They may need specialized tools, software, or hardware to stay competitive or improve efficiency.
3
Marketing and Advertising
Given the limited resources of a sole proprietorship, a loan can provide the means to invest in a comprehensive marketing strategy.
4
Space Expansion or Renovation
They can fund an expansion or make space improvements to attract more customers or create a more productive work environment.
5
Professional Development
Investing in training or certifications can help sole props expand their service offerings or improve their business acumen.
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 Apply With Camino Financial
FAQs
It is a type of financing specifically designed for individual business owners. It provides financial support for various business needs, including capital investment, inventory purchase, or operational expenses.
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. *Other loan options are reviewed on a quarterly basis
