Camino Financial Loan Review

Camino Financial Loan Review

Camino Financial loan review

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Camino Financial Loan Key information

Camino Financial Inc. was founded in 2015. It is based in Glendale, California. Camino Financial is an online platform that is specially designed to help small businesses by providing professional and reliable advice on securing capital and building stable and durable business credit. This financial-based platform offers access to business funding thereby assisting its clients in applying for different funding products (e.g., SBA Express loans, term loans, merchant cash advances, and more). Technical help and credit analytics are also offered.

Camino Financial specializes in very short-term loan products. Everyone, who needs a short-term loan should submit the particular online application and then wait until they are approved for a loan – should expect up to 24 hours (there are cases when the applicant cannot be accepted. Keep on reading to get more details).

In comparison with the other banks, Camino Financial has much easier eligibility criteria for cash as well as credit flow.

Pros and Cons of Camino Financial Loan

Pros of Camino Financial Loan

  • Gives loans to small companies
  • Requires $2,500 monthly revenue
  • Requires 600 FICO score
  • You need to be at least 9 months in business
  • Nice team to work with

Cons of Camino Financial Loan

  • Not suitable for a new business
  • High-interest rate
Camino Financial loan review

Is it safe to apply with Camino Financial?

Camino Financial refers to Fundera’s Lender Network. The Fundera team has agreed that Camino Financial is one of the best financial networks to choose from. If you decide Camino Financial, you can be sure you will get transparent and fair pricing on a best-in-class product.

Are Camino Financial personal loans right for you?

If you have a relatively new business (if you are in business at least nine months) and need extra money to develop it, or if you have already debt, but need for additional funds, then Camino Financial is what you need. Camino’s renewal policy is generous. Thus, if you need another loan after several months of on-time payments, then you will be eligible to ask for additional financing or better terms of your existing mortgage.

In case you have a new business or a business in debt, Camino Financial will be not suitable for you. You need a business loan, but your budget is limited, Camino will not satisfy your needs. Because of its interest rate of 24% – 45%, Camino is more expensive in comparison with a conventional bank or lender.

Camino Financial Loan Application Process

Applying for Camino Financial is as easy as 1, 2, 3. All you need to do is to fill their simple questionnaire form. The form includes basic questions about your business and you (its owner).

Then you need to download financial documents online or send them directly to a Camino loan specialist. They’ll do a soft credit pull. In case you qualify, you will be directed to one of Camino’s loan products that are the most suitable for your business.

You will get an offer, including the interest rate, repayment schedule, and other information. In case you accept the offer, you will get credit funds in 3 business days. Depending on the date you receive your funds on account, you will have a regular payment on every 5th, 15th, or 25th day of the month.

To apply and be approved for the short-term loan by Camino Financial, you have to qualify for specific requirements:

  • Annual revenue should be at least $30 000
  • Personal credit score should be 600
  • The period in business – 1 year (at least)
  • The period in business – 1 year (at least)

You will be denied if:

  • Your business is located in North Carolina, New Jersey, Hawaii, or Puerto Rico
  • Your business belongs to finance, insurance, public administration, and multilevel marketing
  • You need a loan to start-up your business
  • You need a short-term loan to purchase real estate

To apply you need:

  • Provide Camino Financial with access to your bank account
  • Provide voided business check
  • Provide a copy of a driver’s license

Additional Important requirements:

  • Camino Financial prefers you have a business bank account. They can only work with you in case you have a personal bank account
  • Camino Financial requires you to make at least 3 deposits per month
  • Camino Financial need you to have your business’s debt service coverage ratio to be at least 1
  • Camino Financial requires you have not tax liens which would exceed $500
  • Camino Financial can work with home-based business
  • Camino Financial does not need profitability
  • Camino Financial need at least 2 years to have passed since discharge in case you have ever filed for personal bankruptcy

Camino has an excellent renewal policy. In case your conventional loan was for 6 months, then you will be able to get an additional investment of the same amount after 3 months of timely payments. In case your conventional loan was for 1 year, then you will be able to get an additional credit of the same amount after 6 months of timely payments.

Camino Financial Loan Quick Facts

  • Maximum loan amount – $5,000 – $30,000
  • Loan period – 6 – 12 months
  • Interest rate – 24% – 45%


Camino is an online business credit marketplace, which specialized in short-term loan products. It is a great choice for those who are in business and need for additional money to develop and grow their business profit as well as for those who have already a debt and need for an additional one. Visit its official website to contact them or get additional information.