Camino Financial has grown rapidly in 2016 since launching just two years ago in the apartment of our founders Sean and Kenny Salas. From introducing a new Express Loan product to fund businesses that otherwise wouldn’t have access to capital, to advising over 3,500 small businesses, Camino Financial is making an impact in the Latino community. Here are our proudest success stories from 2016:
Raised $2M In Equity Financing to Make a Difference In the Lives of Latinos
We raised an additional $2 million in equity financing to fund our ongoing growth to make a difference in the lives of millions of underbanked businesses throughout the U.S.
Launched New Express Loan Product Opening Doors to Millions
We allocated a large percentage of the $2 million we raised to small business owners who do not qualify for traditional bank loans. We’ve also lowered our annual sales requirement from $100,000 to $60,000, opening the doors to millions of new potential borrowers. In addition, we are able to provide NEXT DAY funding with no documents required for approval, making it much easier for the small business owner.
We welcomed over 10 new employees to the team from different backgrounds, skills and talents who are super passionate about helping Latino small businesses grow.
Our offices moved to a larger space where we joined the vibrant community of Downtown Los Angeles. We hosted a grand opening event where the City of Los Angeles welcomed us among over 75 of our supporters and community of professionals.
Shared Stories About Latino Small Business Owners In the Press
We became a trusted voice in the press, calling attention to the stories, challenges and opportunities of Latino small business owners, reaching an audience on Fusion, Forbes, Univision, and NPR’s Latino USA.
Funded 100 Small Businesses
100 small businesses received funding from us, enabling not only their business to grow, but also as a business owner. In this video, Jorge Esquivel, shares his story on how we helped him overcome a tough time in his business life.
Needless to say, it takes a community to build a small business. We are here to help. See what Camino Financial can offer you in just two minutes.