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Camino Financial
By: camino-financial
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The Best Small Business Loans for Your Growth Needs

The thought of expanding your business can give you many sleepless nights. It’s no secret that getting capital isn’t always easy, and, for some, being in debt can be very stressful. But the reality is that external financing can be the key to success. 

Applying for a loan is a fundamental part of being a business owner and growing your company.

Looking for the best small business loans?

There are several types of financing, and, as we want to make your work easier, here you can find the main options to finance your business and make your decision.

Get Approved For A Loan Today

Best Small Business Loans at a Glance

The loanThe requirements
AmountInterest RateTenureMin. ScoreTime in BusinessMin. Annual IncomeITIN accepted?Collateral needed?
Camino Financial$5,000 – $400,00012 – 40%2 – 5 yearsN/A9 months$30,000✔️
Bank loan$100,000 – $1,000,0003 – 6%5 – 10 years7002 years$100,000
SBA loan 7(a)$30,000 – $5,000,0006 – 10%10 – 25 years6752 yearsBased on industry
Invoice financing70% – 85% of  unpaid bills5%When payment is received6001 year$130,000
Line of credit$10,000 – $1M7 – 25%3 – 18 months6301 year$180,000
Short-term loan$2,500 – $250,00010 – 65%3 – 18 months6001 year$100,000
MCAUp to $500,000, depends on your sales40 – 400%3 – 12 months5001 year$50,000

❔ = Varies widely: depends on the lender or your application

The Best Small Business Loans

Finding the best small business loans can be a daunting and time-consuming job. There are so many options that it can be hard to know what to focus on. There are also many requirements that make it look like there are no viable alternatives to grow your business. 

We’re here to facilitate the process. That way, you won’t have to spend hours in front of your computer researching. Find all the information you need to decide here:

Best Small Business Loans: camino financial

1. Camino Financial

Camino Financial is an excellent funding alternative for your small business. With a simple and easy application process, businesses that are not being approved by other lenders do get a loan with Camino Financial. 

If your business has been operating for 9 months, and you have sales of $30,000 annually, you can apply online and receive an immediate response. The best thing about the application is that it doesn’t affect your credit score, like with other alternatives.

You can get a loan from $5,000 to $400,000 with fixed interest rates of 12% to 40%, and it can be repaid in 24 to 60 months. You can even receive the capital in as little as 2 to 10 days after applying.

Furthermore, they offer 100% bilingual customer service.

Also, after 9 timely loan payments, you can access more, cheaper capital with more time to pay. 

You will find the best small business loans with Camino Financial.


  • Does not operate in New Jersey, Hawaii, and Puerto Rico. 
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Best Small Business Loans: bank loan

2. Bank loan

Most of the time, when a business owner thinks of the best small business loans, the first thing that comes to mind is traditional bank loans. With these loans, you receive a big sum of money that you must pay in full (plus interest rates) in a certain period of time. 

To get one, usually, you need to provide collateral, although there are banks that don’t need you to risk your assets (especially if you have an excellent credit score).

Banks usually take from 48 hours to 15 days to approve loans. And receiving the capital can take a lot longer: the process can take from 1 to 3 months, although it’s not uncommon for it to take up to 6 months.

Of course, you can get larger amounts of money (compared to other alternatives), between $100,000 to a million. And, if the SBA backs the loan, it can be up to $5 million.


  • Big banks are used to dealing with numbers, not people, and stories. 
  • You won’t get a loan if your business doesn’t have top-notch finances, or your numbers are not convincing, even if your story is. 
  • Also, they don’t always offer personalized service. 
  • Depending on the bank, their extra benefits are limited, especially if you’re not a customer or if you don’t have a previous history with the bank.

Best Small Business Loans: SBA, camino financial

3. SBA 7(a) Loan

Most business owners think of SBA loans as one of their first options because they usually have long repayment terms, some of the lowest interest rates in the market, and they’re pretty flexible. The most common SBA loan is probably the 7(a).

The 7(a) loan can be used as working capital, to refinance debt, or to invest in business growth. They definitely can be used for a wide range of purposes as the cap was raised from $2 million to $5 million.

One of the biggest downsides of SBA loans is that they can take a very long time to be approved and funded, most of the time as much as 6 months can go by before you receive the loan.


  • Very long approval process.
  • They are also very hard to be approved for.
  • In order to apply, you need an SSN.
  • You need a business plan to apply.

Best Small Business Loans: invoice financing

4. Invoice financing

The best to describe this type of loan is that you are selling unpaid invoices to a lender. 

What does this mean?

That the lender will lend you a percentage of the money you will receive from clients (as long as there is an unpaid invoice). 

Why do they lend you money in exchange for unpaid invoices? 

Because the lender is completely sure that you can repay: as soon as the client pays the invoice, the lender will receive his money (generally, the lender receives the money directly).

Generally, the loan will be up to 85% of the invoice. When the client pays, you receive the remaining 15%, of course, minus all the lender’s fees. Because they offer a large amount of money fast, they are considered by many to be one of the best small business loans.


  • The fees that lenders charge can be higher than other types of loans. 
  • If your clients don’t pay on time, you’ll be the one in trouble.

Best Small Business Loans: line of credit

5. Line of credit

Lines of credit are financial products that basically work like a credit card: the bank approves you a credit limit, and can only spend what you need. In the same way, you will only have to repay what you spent (and not the full amount, like with other loans). Of course, you will also have to pay interest.

You can use this type of loan in a wide variety of ways: you can finance small projects or larger ones, depending on your needs. The best thing is that you don’t have to apply every time you need money: your line of credit does not expire.

Unfortunately, interest rates are often variable. Also, some lenders require collateral, but this is not common. 

Unlike conventional business loans, they provide the flexibility to borrow a fixed amount between $10,000 and $500,000. Still, if your company is large and you have an excellent credit score, you can receive up to one million.


  • Interest rates are one of the highest, especially when you do not have collateral, when you have a bad score or when the amount is minimal.
  • It’s one of the most difficult loans to be approved for.

Best Small Business Loans: short term loan

6. Short-term loans

These usually offer less capital than a traditional business loan. Short-term loans are designed to be repaid in about a year, although you can find them for up to 18 months. Because they are short-term, these loans are often used to finance more immediate needs, like cash flow needs, paying off debt, or paying for one-time opportunities. 

These loans can generally range from $2,500 to $250,000, with interest rates that can go from 10% to 65%. It is common for these loans to be approved the same day as your request.


  • The annual cost is higher than other commercial term loans. 
  • Some lenders require weekly payments that can become difficult for businesses with sporadic income. 
  • The amount they offer may not meet your business needs. 

Best Small Business Loans: mca

7. Merchant Cash Advances

 Merchant cash advances or MCAs are a quick and accessible option of financing. It is very easy to get approved for one of these loans since the only requirement that lenders usually care about is how many credit card sales you usually have. 

Based on your past sales, the lender will give you a cash advance: if your card sales are high, you will receive a lot; if they are low, you’ll get little. You will pay the loan with your future card sales (the lender keeps a percentage of each sale); therefore, there is no set time to pay it.

Learn more about Merchant Cash Advances!


  • Although many think they are one of the best small business loans, MCAs are often extremely expensive. There are lenders whose average annual percentage rate can be as high as 400%. 
  • Unlike other loans, there are no advantages to early payments. 
  • They might help you with your immediate cash needs, but they can affect your finances in the long run.

What should I take into account when choosing the best small business loans?

If you need capital for your small business, when you analyze which loan is best for you, pay attention to details such as:

  • interest rates
  • minimum requirements 
  • do they require collateral?
  • other costs, like commissions, fees, penalties, and operating expenses 
  • if the amount is enough for your investment needs

After a thorough analysis, you will surely reach the same conclusion as we did:

Camino Financial is the best option.

We know you have put all your effort and hard work into your small business. That’s why you need to find a lender that understands what your business means to you. Most large lenders ignore what the business stands for; they only see assets and liabilities.

We see people and inspiring stories.

Camino Financial: your next loan

We understand how important it is to get capital. It helps you achieve the peace of mind you need when managing a small business. However, we also know that you are looking for an agile lender that does not seek to hinder your company’s growth.

We offer you a quick and easy experience to access the capital you need. Our process is so simple that you will complete it without having to ever leave your home.

We are your best small business loans alternative:

👍🏽 Other loans require that your business has been in operation for 1 or 2 years. We only ask for 9 months.

👍🏽 Other lenders do not offer capital to people with no prior credit history. We do.

👍🏽 We approve your loan, even if you don’t have an SSN. You can use your ITIN.

👍🏽 The amount you apply for can adapt to your needs, and you’ll have enough time you have to repay so that your monthly payments are not excessive.

👍🏽 You can receive the financing you need in no-time.

As you can see, a loan with Camino Financial is exactly what your business needs.

Apply for a business loan and start growing your business!

Apply now!



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