FAQs

You have questions? We have straights forward answers.

Yes, we are. BUT! It’s only a soft pull, so you don’t have to worry about it affecting your credit. Keep in mind, however, once you’re paired with the lender that’s the best fit for you, they will more than likely do a hard pull of your credit. They usually do this because they need to verify your information. Don’t worry, this only happens when we’ve found you a lender and you’ve agreed to our process and all the terms and conditions.

Recommendation: do not go from lender to lender. Business owners who shop for loans and go from lender to lender usually end up having several hard pulls of their credit. That will damage your credit. We will avoid all that for you by pairing you with the best loan/lender for your business. Period.

That completely depends on the lender(s) you’ve been working with. Because we work with only the most reputable and responsible lenders, we’re able to get all the necessary information in order to provide you with the most accurate pre-qualified offers (and hard offers, too). While we monitor all our lenders for accuracy, in the end, it also depends on how accurate the information you’ve provided on your business is.

You should feel confident because you (that’s right, you!) have complete control over who you work with, and how you work with them. Depending on your capital needs and the health of your business, it’s quite possible to get funded in just a few short days. No matter what, we’re here for you: today, tomorrow, and always.

Absolutely nothing. Zero. Zilch. Nada. We only play matchmaker between you and a lender. We only make dinero from lenders, and only after you’ve received your loan.

It’s possible, but it’s also really really tough. Why? You’re brand new. That means you have no history, no revenue, no collateral, and no business credit. Without any of that information, lenders only have your personal credit score to go off of and unfortunately that’s not enough in most cases.

You do have the option of receiving financing through some SBA programs. On top of that, some of our lenders can help you use your 401(k) to invest in your new company. And lastly, you may have some options to take out a personal loan or a personal line of credit. Keep in mind you have to have an amazing credit score.

Before you start your new business, consider your options very carefully. First of all, identify whether or not starting a business with a loan is the best way to start. Definitely talk to your lawyer or financial professionals before you jump into a big decision like that.

It’s simple. Banks have been issuing fewer and fewer business loans since 2008. Most loans are denied by banks because banks don’t want to take the risk, don’t want to allocate time to small business loans, or because of financial regulations.

Alternative lenders, on the other hand, have a completely different way of doing things in order to evaluate risk and borrowers. Because of this, we can offer loans and services that banks can’t.

Another reason that makes us the best (in case you weren’t convinced yet J), is that we handpicked only the best of the best lenders to work with. Ultimately, you make the final decision once we’ve paired you with the best possible options for your business, but we have professionals that can walk you through every step of the way.

To get started on your application, click here. We’ll ping you soon after that.

It depends. It depends on your business situation, the individual lender, and the type of loan product that best suits you.

In most cases, you’ll need:

  • Signed application
  • 6 months of the most current business account bank statements
  • Verification of your landlord or mortgage

It depends. Every lender and loan is different. At the very least, here are some best practices:

  • At least 12 months in business (if you want smaller rates, 2+ years are preferred)
  • Credit Score over 600 (the higher the better)
  • Gross annual revenue averaging $30,000
  • Up to date on your mortgage/rent payment
  • No bankruptcies in the last 2 years
  • Must have a business account where you deposit money from your business

Our application takes less than 10 minutes. After that, it’s going to depend on the loan type. You should feel confident because our lenders are committed to making the process as smooth and simple as possible, in order to get you the loan you need. Also, we’re way faster than any bank.

In most cases, the faster you can get us the information/documents that are necessary, the faster you can get your loan. With that out of the way, you can get your loan in as little as 4 business days. That’s so fast, even The Flash took out a loan.

Yes, but it depends. Most of our lenders will report your loan so that it reflects on your business credit. If you make payments on time, and keep everything in order, then it will definitely help your business credit score.

Yes! That’s the great thing about working with Camino Financial: we are available to you for the whole life of your business. When you’re ready, we will help you explore all of your options, including a loan renewal, an add-on, or a graduating product.

It depends. If it’s a bank holiday, then it’s going to depend on your lender and your agreement with them. To give you an example, some lenders might debit you twice the following business day to make up for the missed payment. Other lenders might just debit you 4 times that week instead of the usual 5. If you have any more questions, feel free to reach out to us at [email protected] or at (800) 852-0655

We work with most types of businesses. It’s much faster and easier to fund established businesses, for obvious reasons. We do have a few restricted industries. These include: auto dealers, legal services, non-profits, commercial real estate companies, hunting, gambling, or insurance companies.

We are not a lender (yet), so we currently don’t do direct loans. For now, we play matchmaker between you and the nation’s most trusted and distinguished lenders. Within minutes, you can find the best possible loan option for your business. And as always, we’re here with you to go through the process step by step.

We kept our mission to help small businesses grow and learn firmly in mind when we selected lenders for our network. They were selected based on customer service, technology, reputation, product diversity, and competitive rates. We measured all of these variables to ensure that you are getting the best possible loan for your business.

Yes. We have a strong commitment to protect your security. We are as secure as any bank, which means your information is held to the highest standard of security. Also, you can feel secure knowing that your information is encrypted and backed up.

Camino Financial is committed to make the loan process fast and easy. Because we use technology, what would take you months with a bank can now take a few hours. Of course, if you get stuck at any point, one of our professionals can help you to get back on track. There is no charge for this.

Call us at (800) 852-0655. Our professionals will help you with all of your questions so that you are confident and clear.

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