Camino Financial business loans review

Camino Financial rates, fees and terms

While it’s billed as a monthly interest rate of 1% to 2.5%, the actual APR for a small business loan from Camino Financial is 18.75% to 24.75% — this includes all costs, including the closing fee of 5% which is taken out of the total loan amount. Terms range from 24 to 60 months.

Camino Financial also offers microloans from $5,000 to $75,000 with rates from 24.25% to 24.75%, including an origination fee of 6.99%. Terms range from 24 to 36 months on these loans.

Use our calculator to find out what your monthly costs might be.

What do I need to qualify?

To qualify for a loan from Camino Financial, you must meet the following criteria:

• Personal credit score of 550 or higher
• Annual sales of at least $30,000, or monthly of $2,500
• In business for at least nine months
• Current on all debts and rent or mortgage payments
• Not located in Hawaii, New Jersey or North Carolina

What industries does Camino Financial work with?

A full list of industries it does or doesn’t work with isn’t available online, but the customer service representative I spoke to confirmed that the following businesses aren’t eligible for loans:

• Cannabis
• Car dealerships
• Multilevel
• Nonprofits
• Real estate

See other top business loan options

Select your time in business, revenue and loan amount to get personalized picks.

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Name	Product USFBL	Filter Values	Min. Amount	Max. Amount	APR	Requirements
Olympus Business Capital Finder Score: 4.4 / 5: ★★★★★ Olympus Business Capital Finder Score: 4.4 / 5: ★★★★★			$500	$250,000	Not stated	Been in business for 6 months registered with the state, active and open bank account in business name, have $10,000 of revenue each month	No credit needed. Funding up to $250,000 with a variety of finance options to best fit your business needs.	Go to site Compare	loading Fetching your data…
$10M+ funded! Lendio business loans Finder Score: 4.8 / 5: ★★★★★ Lendio business loans Finder Score: 4.8 / 5: ★★★★★			$1,000	$10,000,000	Varies by lender	Operate business in US or Canada for 6 months or more, have a business bank account, minimum 520 personal credit score, at least $8,000 in monthly revenue.	Submit one simple application to potentially get offers from a network of over 75 legit business lenders.	Go to siteMore Info Compare	loading Fetching your data…
Fundera business loans Finder Score: 4.9 / 5: ★★★★★ Fundera business loans Finder Score: 4.9 / 5: ★★★★★			$2,500	$5,000,000	Varies based on lenders	$60,000+ of annual revenue, 550+ personal credit score, in business for 6+ months	Get connected with short-term funding, SBA loans, lines of credit and more.	Go to siteMore Info Compare	loading Fetching your data…
Fora Financial business loans Finder Score: 4.5 / 5: ★★★★★ Fora Financial business loans Finder Score: 4.5 / 5: ★★★★★			$5,000	$1,500,000	Varies	6+ months in business, $25,000+ gross monthly sales, no open bankruptcies	Get qualified for funding in minutes for up to $1,500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.	Go to siteMore Info Compare	loading Fetching your data…
National Funding business loans Finder Score: 4.6 / 5: ★★★★★ National Funding business loans Finder Score: 4.6 / 5: ★★★★★			$5,000	$500,000	Undisclosed	In business 6+ months and make at least $250,000 in annual sales. Other loan types have additional requirements.	Working capital loans and equipment financing, some high-risk industries may be eligible.	Go to site Compare	loading Fetching your data…
American Express® Business Line of Credit Finder Score: 4.4 / 5: ★★★★★ American Express® Business Line of Credit Finder Score: 4.4 / 5: ★★★★★			$2,000	$250,000	N/A	Minimum FICO score of at least 660 at the time of application, have started your business at least a year ago, and an average monthly revenue of at least $3,000	Access lines of credit for your small business even if you aren’t currently an Amex customer.	Go to siteMore Info Compare	loading Fetching your data…

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Camino Financial reviews and complaints

Despite being in business since 2014, there’s little in the way of customer reviews online for Camino Financial. What is online mostly exists on its Trustpilot page, where customers praise the application simplicity and service responsiveness. I can confirm that when I contacted customer service over chat, the agent was extremely responsive each time and not pushy.

How do I apply?

Applying for a loan with Camino Financial is easy. You can call 800-852-0655 or fill out its online application. You will need to follow these steps and provide this information.

1. Go to Camino Financial’s website.
2. Click Get a quote.
3. Fill in your name, email, phone number, business name, loan amount and purpose. Then tap Continue.
4. Add your business’s street address, legal entity type, industry, gross sales, loan payments, time in business and number of employees. 
5. Select whether you reported a positive net income on your last tax return, then hit Continue.
6. Add your personal address, how long you’ve lived there and the monthly payment, your date of birth and Social Security number. Tap Submit.

What happens after I apply?

Once you fill out and submit the application, you’ll be contacted by a small business loan representative. If your application is accepted, they’ll go over the details of your loan and provide a final offer. Funds should be available within two days of approval.

How do repayments work with Camino Financial?

The terms of your loan will be laid out in the loan agreement before you sign it. Payments will be monthly, and can be made online. 

In fact, Camino Financial allows automatic payments. If you do set up autopay, occasionally check in on your account to ensure everything is working as intended.

To compare other small business loan options, check out our full guide to business loans.

Camino Financial small business loans and microloans is not currently available on Finder

Have you considered Olympus Business Capital?

No credit needed. Funding up to $250,000 with a variety of finance options to best fit your business needs.

• Borrow up to $250,000
• Apply in 5 minutes
• Funding by next business day
• Required time in business: 6+ months
• Required monthly revenue: $10k+
• Min credit score: No credit needed

Learn more

No thanks, compare other business loan options.