Camino Financial Team: How do Camino Financial Business Loans Work?
Betsy Wise
By: betsy_wise
Read in 14 minutes

How Do Camino Financial Small Business Loans Work?

You’ve arrived at the right place. If you’re looking for the best possible option to finance your business, you’ll find it here. By reading this article you’ll realize Camino Financial is your go-to funding solution to your business capital needs. Or maybe you have already heard about Camino Financial but you feel you need to know more.

Here you’ll find answers to all your questions: How do you apply for a loan? What are our products? What are our requirements What makes us the best choice for business owners? Find out everything about Camino Financial small business loans in one single place! If you’re ready to gain quick access to capital and grow your business, simply keep reading.

Let’s grow your business together!

Our Products – Microloans and Small Business Loans

At Camino Financial we offer borrowers two different products: Microloans and Small Business Loans. Learn below their features.


This is a credit model customized for “cash-heavy” and informally run microenterprises.

  • Loan Size Range: $25,000 to $75,000
  • Annual Interest Rates: 25.50% to 40.00% which varies per borrower
  • Loans Best Used For: Working capital and equipment purchases
  • Term: 24 to 36 months
  • Closing Fee: 6.99%. No other fees are charged. Prior to finalizing the loan contract, you can notify your assigned loan specialist that you want to pay the closing fee upfront. Otherwise, we automatically add this amount to your approved loan amount so you don’t have to pay it at closing.
  • Payment Frequency: Monthly payments (a 24-term loan includes 24 payments)

Small Business Loans

  • Loan Size Range: $10,000 to $400,000   
  • Annual Interest Rates: 12.00% to 24.75% which varies per borrower
  • Loans Best Used For: You can use a business loan for any of your business needs: working capital, equipment purchases, improvements, etc.
  • Term: 24-60 months
  • Closing Fee: 5% of the loan amount. No other fees are charged. Prior to finalizing the loan contract, you can notify your assigned loan specialist that you want to pay the closing fee upfront. Otherwise, we automatically add this amount to your approved loan amount so you don’t have to pay it at closing.
  • Payment Frequency: Monthly payments (Example: a 24-term loan includes 24 payments)

Money background - US dollars background. Close up photo with shallow DOF and space for your text. concept: Small Business Loans Camino Financial

Camino Financial Busines Loan Requirements

Camino Financial small business loans are more flexible in their requirements as compared to traditional bank loans. When we evaluate your application, we mainly take into consideration your personal credit and global cash flows of your business.

General Requirements:

  •  Restricted industries include real estate investing, financial investing, car dealerships and adult entertainment
  •  Annual sales of your business: $30,000
  •  Your businesses must have operated for at least 9 months
  •  No bankruptcies in the last 12 months
  •  You must be current with creditors and have no past due payments on any existing debt obligation
  • You must own at least 50% of the business

Camino Financial has fewer requirements than other lenders: we are more flexible.  


  •   Your business bank statements for the last 6 months
  •   Your most recent business and personal tax returns (only for loans of 50K or above)
  •   Proof of business registration and business license

Compare this short list of documents with what other lenders require. You’ll be surprised to find out our list of documents is half the size!  

With Camino Financial, all documents are submitted electronically. You don’t need to visit a branch bank, print documents or send faxes, which makes our loan process very convenient.


Applicants must give Camino Financial permission to check business banking activity and download the last 6 months of bank transactions. We use a third-party provider called PLAID. If you’re hesitant about this step, please know that PLAID is a well-known company trusted by hundreds of other banks and companies. You can be assured that processing is secure and private.

By using PLAID, Camino Financial doesn’t have access to your log-in information or online account.

This step is necessary for Camino Financial to calculate your business income. Likewise, by reviewing your financial information, we’re able to provide a final loan amount that you can pay back comfortably. We can offer a competitive term loan at a competitive rate.

Small Business Loans Camino Financial

Our Amazing Benefits

Are you still not convinced that Camino Financial is your BEST funding alternative?

Check out these amazing perks:

  • Convenience

Our online loan process is easy, convenient, and takes place from beginning to end online, so you can explore funding options from the comfort of your home or workplace.

  • Quick-Turnaround Processing

When you apply for one of Camino Financial small business loans you receive an instant quote. If you are approved, funding occurs on average in 2-4 days for microloans and 3-10 days for small business loans.

  • Freedom and Flexibility to Use Funds

You can use funds from Camino Financial small business loans for any of your business needs. From hiring more staff to buying equipment or renewing your front store. You can even use the funds to pay off personal loans or credit cards you’ve used for business purposes or to purchase a second business. Camino Financial has limited restrictions on fund usage.

  • No Collateral Needed

Camino Financial small business loans are unsecured. That means you don’t need to use your equipment, any business or personal property, and other types of collateral to receive approval for small business loans.

  • Future Loans

After just 8 months of making timely payments, you can graduate to a second loan for a higher amount at a better rate.

  • Fixed Terms

You know exactly what you pay each month because the annual interest rate and the monthly payment stay the same. They never change. That way you can avoid surprises and stay on top of your payments.

  • Pay Off Loan Early

As your business prospers, you may decide to pay off your small business loan early. There are no prepayment penalties when paying off the loan in full before the loan term ends.

  • No Credit History Required

Building credit history takes time. We understand many business owners have just moved to the US and haven’t established a credit history yet.

  • No SSN Required

Again, we understand you may not have a Social Security Number. Camino Financial is one of the few lenders that accept applicants who only have an ITIN.

  • Knowledgeable Customer Service

Ask as many questions as you like. Our highly-trained, bilingual staff (English and Spanish) specializes in finding business solutions for our clients.

  • Ongoing Education

You have access to tools, resources, and exclusive webinars providing valuable information on finances and business management.

  • Personal Contact

At Camino Financial we see our members as people and not numbers in a queue. At any time, you can contact us if you have any questions about your loan or your finances. We are proud of establishing long-term partnerships with our members and we’re driven by our motto: No Business Left Behind.

At Camino Financial we truly believe in our mission of “No Business Left Behind”.

Business loan application form on desk in bank. concept: Small Business Loans Camino Financial

3 Easy Steps to Get a Loan with Camino Financial

This is the simple and quick process that you’ll follow to obtain a business loan from Camino Financial. The whole process can take only from 2 to 10 business days:

1. Submit an online application:

The mobile-friendly application can be completed in five to ten minutes. You don’t need to submit documents and your credit score is not affected by submitting the application.

2. Review Pre-qualified Terms

Within 24 hours, you’ll receive information about the terms of the prospective loan. A loan specialist will call to set up an appointment to answer your questions and may ask for documentation in addition to your permission to download the last six months of your business bank activity.

3. Sign Loan Contract and Receive Your Funds

Final approval of Camino Financial small business loans takes between 1-8 business days. Once approved, we send a loan contract by email. Once you sign the contract, you receive funds in two days deposited electronically to your bank account.

Before filling out the application, we invite you to use our business loan calculator. This is an excellent tool that allows you to calculate your monthly payments, the amount you’ll pay in interest, and the total price of your loan.

Term Loan Calculator

That way you can make an informed decision before submitting your application. Simply use the calculator to input different figures and scenarios until you arrive at the numbers and terms you’re most comfortable with.

What Our Customers Say About Us

Camino Financial is your best option to access capital for your small business, but you don’t have to take our word for it. Simply read what other satisfied Camino Financial members say about us. You’ll see immediately that we have happy members, and we look forward to having you with us!

Camino Financial Small Business Loans, customer quotes

Camino Financial FAQs

Are Camino Financial business loans expensive?

Camino Financial small business loans have interest rates similar to those on credit cards, but the benefits offered are distinctively different and better.

For example, by making timely loan payments you build your credit history. Some members initially think our rates are somehow high, but when they learn about our unique benefits and flexible requirements, they rest assured we are the best funding solution for their business.

The price of Camino Financial small business loans is compensated by a long list of perks.

Don’t forget that we don’t require collateral to secure our loans and you have the possibility to apply using only your ITIN. Furthermore, you can graduate to a second loan for a higher amount and better rates after 8 months of timely payments. These unique features and added value position Camino Financial above most lenders that can’t offer you the same advantages.

Does a business loan affect personal credit?

Yes, in a positive way. We report each of your monthly payments to Experian. As a result, your credit score will increase every month.

How can I use a business loan from Camino?

We have very limited restrictions on the use you give to your loan. You can use the funds as capital work, to increase your cash flow, hire staff, buy equipment, and the list goes on. You can even use your loan to pay those credit cards that you have used for business purposes. We invite you to discover here the multiple ways you can grow your business with a loan.

Are You Ready for Your Business to Be Successful?

Camino Financial helps small businesses achieve long-term financial success. We help pave the way for continued business growth by making the loan process simple and easy. In addition to the benefits already listed, we offer one-on-one business consultations via instant chat, SMS, email, or phone. We also have devoted ourselves to offering the best educational resources so you can become the best business owner you can be. 

The benefits are there.

With Camino Financial you’ll be able to grow your business and get the success you so deserve. We look forward to helping you, it’s what we do best.

Don’t wait and apply for a Camino Financial small business loan




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