Small Business Loan Funds. Businessman Carry Money Sack. Business People Need Financial Help. Vector Illustration. loan approved seal. loan approved orange label. loan approved. concept: Loans with no Social Security Number
Timothy R
By: timothy-ronaldson
Read in 17 minutes

How to get a loan without a social security number: the Camino Financial way

If you’re a non-U.S. resident, you know how hard it can be to access capital to invest in your business. If you’re an undocumented immigrant with no Social Security Number, you know it can be next to impossible to borrow money for your business. You probably want to know how to get a loan without a social security number.

You’re a hard-working individual, but even non-U.S. residents who have no green card and only have a working or student visa may find it difficult to qualify for something as simple as a credit card to access capital. The situation is even worse for undocumented immigrants who have no visa and therefore no Social Security Number.

If you’re in any of these situations, is there any way you can obtain financing for your business? How can you get the money you need? Do loans without Social Security Number exist?

In this article, you’ll learn how to get a loan without a Social Security number.

credit application form representing how you apply for a loan without a social security number

Can You Get Business Loans Without Social Security Number?


Obtaining capital to invest in your business is absolutely possible, even if you don’t have legal immigration status or a valid SSN. You can learn how to get a loan without a Social Security Number.

Apply For A Loan Without SSN!


But, if you don’t have an SSN, what do you need?

Some financial institutions will allow you to use your ITIN instead of your Social Security Number when you’re applying for a business loan.

While not all financial institutions will accept an ITIN in place of a Social Security Number for a business loan—especially larger financial institutions—community banks, smaller banks, and local credit unions might approve you.

So, in a way, the answer to “How to get a loan without a social security number?” is an ITIN.

What is an ITIN?

An ITIN (or Individual Taxpayer Identification Number) is a is a tax processing number.

The IRS (Internal Revenue Service) issues this nine-digit number to individuals who are not eligible to obtain a valid SSN, but who are required by law to file an individual income tax return.

In other words, every foreign citizen who needs to file federal taxes can get an ITIN, regardless of their immigration status.

Obtaining an ITIN will not change your immigration status, but it will allow you to apply for ITIN loans to finance your business.

In fact, it is an obligation for every individual in the U.S. to file taxes, regardless of their immigration status. Even undocumented immigrants have to file taxes by law if they are working and earning an income in the U.S.

How to Get an ITIN

Getting an ITIN is a pretty straightforward process. To obtain one, you must:

  1. Fill out form W-7, available in English and Spanish.
  2. Present a document that proves your identity, such as a passport or driver’s license.
  3. You must also attach a complete federal tax return. This means your ITIN and your tax return are processed simultaneously.
  4. Send your application by mail, or take it to an IRS office or to a qualified agent for processing.
  5. In about six weeks you will receive a letter from the IRS with your ITIN number.

For a more in-depth, step-by-step guide on the required documentation and how to submit your ITIN application, read here the 5 Steps to complete an ITIN application.

After you get your ITIN and you learn how to get a loan without a social security number, you’ll be on your way to business success.

Gold letters spelling ITIN in relation to loans without social security number

The Benefit of Getting an Individual Taxpayer Identification Number

ITINs initially served the sole purpose of allowing non-U.S. residents to file federal taxes, but they are slowly transitioning into being an alternative to a Social Security Number for immigrants who are hoping to access capital for their business. More financial institutions and non-profit lenders are expanding their offerings to accept an ITIN in place of an SSN.

Keep in mind that an ITIN does not change your legal status; it only serves as a replacement for an SSN in certain cases if you cannot get one.

Camino Financial: Loans Without Social Security Number

While there are some other personal lenders that are beginning to accept the use of an ITIN in lieu of an SSN, the opportunities for business loans without SSN are still scarce to date. This is especially true at larger financial institutions.

At Camino Financial we want to change that. We’re a financial institution that doesn’t require a Social Security Number to apply for a business loan.

With us, you can apply with an ITIN.

Loans for Businesses without SSN

A large portion of our borrowers do not have Social Security Numbers due to their immigration status, but we don’t believe that alone should be a reason a person should be denied the right to get financing for their business. We have the mission to help all business owners, no matter where they come from or what the situation is. Do you want to know how to get a loan without a Social Security number? The answer is Camino Financial!

We live up to our motto: No Business Left Behind.

As such, we have designed our business loans around this fact, and allow borrowers to access credit by using their ITIN. By doing so, we are able to uphold our mission of financial inclusion to the Latino Business Owner community.

At Camino Financial, we’re dedicated to supporting the community of immigrant business owners in the U.S., and we are taking as many initiatives as we can to support this mission.

Apply now!


Camino Financial logo, a lender that approves loans without a social security

We Want to Help you Grow with a Business Loan Without SSN

In addition to accepting ITINs for business loan applications, we don’t require you to have a previous credit history, and we can work with you even if you have a poor credit score. In other words, we know that due to your immigration status, you might not have had that many opportunities to build a great credit report.

Plus, our loan specialists are bilingual, the resources we provide in our blog are in English and Spanish, and we provide our members with educational resources to improve their financial performance in the U.S. and grow their businesses.

We’re also not just a lender, we want to be your financial partner in all your business ventures. Once you receive your loan, we’ll keep supporting you and helping you to grow your small business even more.

Our team understand the unique challenges that come with being an immigrant entrepreneur in the U.S. We don’t believe that your legal status should hinder your goals of being successful.

How to Get a Loan Without Social Security Number

Follow these easy instructions to get an ITIN loan that will help you grow your business.

Your success is our success.

Hispanic family smiling at the camera because they got loans for businesses without ssn

Camino Financial Is Your Next Lender

If you’re looking for how to get a loan without a social security number, good news.

At Camino Financial, we go the extra mile for our members. What this all equates to is an added value that you won’t find in any other business lender. If you are an immigrant in the U.S. you’re eligible for a loan that’ll help you build credit, all you need is an individual tax identification number (ITIN).

Why Choose Camino Financial?

Camino Financial is your best business loan option for a variety of reasons that extend just beyond the fact that we accept ITINs:

  • We provide fast funding: our application and funding processes are faster and more convenient than with traditional Banks and you can receive your funds directly in your bank account within 2-10 days.
  • Through the loan application process, we will make sure you know and understand every detail of the business loan you are taking, and ensure you are comfortable with your monthly payment requirements.
  • Camino Financial doesn’t require you to have a credit score, because we understand that a large portion of our applicants haven’t been in or remained in the U.S. long enough to build a substantial credit history.
  • Even better, applying won’t affect your small business credit score.
  • We don’t require you to provide collateral when you’re applying for a business loan, so you won’t be putting your personal property and assets at risk.
  • You can actually qualify with us: we have fewer requirements and required documents than most lenders.
  • We have fixed payments that will help you start building a credit history.
  • At Camino Financial, we provide personalized customer service. We match you with a loan agent that will work with you to help find the best financial solution to meet your unique needs.

Read: What is guaranteed loan approval and no credit check?

How to Get a Loan Without a Social Security Number? With Camino!

So, apply for a business loan with Camino Financial today, and you’ll be well on your way to making your dreams come true, even if you don’t have a Social Security Number.

If you’re still unsure about getting a loan, you can find out how easy and inexpensive Camino Financial loans are. Use our business loan calculator to learn how much you would pay for a small business loan!

Term Loan Calculator


Business Capital without SSN FAQs

Do I need to have a good credit score to get a loan without SSN?

It depends. Some lenders will ask you to have excellent credit scores to apply. Others will allow approve you if you don’t have a credit history but will ask for collateral.

Camino Financial approves applicants without a previous credit history. The best part is that we don’t ask for collateral or any extra requirements. We can even help you increase your credit score! If you’ve read this article, you know how to get a loan without a social security number, so don’t wait any longer.

Get your credit reports from the major credit bureaus, at least once a year, to make sure you are on the right path to building a solid credit history.

Can illegal immigrants get a loan without a social security number?

Yes, they can!

If you’re an illegal immigrant a need a business loan without SSN, you can get one, you only need an ITIN (Individual Tax Identification Number). Camino Financial is a lender that is committed to helping immigrant businesses, we approve business loans without SSN.

Can I apply for a credit card without SSN?

As a matter of fact… yes, you can get a business credit card! There are many credit companies out there that will approve your capital without a social security number. They will ask you to have either an ITIN or an EIN.

Want to apply for an EIN? Here’s how to do it.

This allows non-permanent residents to finance their business needs.

Do you need a bank account to get a business loan without social?

Unfortunately, you will need an account to apply for a business loan without SSN. It will depend on the lender if the account needs to be commercial or if you could use a personal one. For example, at Camino Financial we can even approve a small business owner that only has a personal bank account.

But, good news, there are many banks that don’t require you to have a Social Security Number to open an account.

Can you get a personal loan with ITIN?

Yes, you can learn how to get a loan without a social security number, even if it’s for personal loans without a social security number. These tend to be easier to get than business loans because the loan amount and the loan terms tend to be smaller. This means you can get the credit you need and boost the score in your credit report at the same time.

Find here the top personal loans in the US and the requirements for each one.

Some people use personal loans to finance their business ventures, and while that is fine for businesses that are just starting out, it’s not that good of an idea for established small businesses. Why? Because you could incur in a practice called Commingling that could hurt your finances in the long term.

We recommend you get a small business loan.

Get Approved For A Loan Today

Check if you
qualify for a loan