Camino Financial, hosted at CaminoFinancial.com, is a business loans and solutions incorporation based out of Los Angeles, California.
Detailed in their Terms of Use would be how, “Camino aids small business owners in preparing required documents, processing the loan, and funding the loan.”
If you are a small business owner looking to secure a small business loan with fixed and competitive monthly interests rates then Camino Financial may be an ideal company to consider.
To find out more regarding Camino Financial along with some of their basic eligibility requirements that they ask for we invite you to continue reading our unbiased review.
What is Camino Financial?
Camino Financial is a company that provides small business loans to a wide variety of business such as auto dealers, legal services, non-profits, commercial real estate companies and gambling companies to name a few.
Bear in mind that eligibility requirements vary with Camino Financial depending upon every lender but below are some basic criteria you should hope to reflect:
Eligibility Requirements
- At least 1 year in business (if you want smaller rates, 2+ years are preferred)
- Credit Score over 550
- Gross Revenue averaging $8,500/month for atleast 6 months
- Up-To-Date on your mortgage/rent payment
- No bankruptcies in the last 2 years
- Must have a business account where you deposit money from your business
The application time takes usually around 10 minutes for loan applicants to complete while upon approval you can receive your small business loan in as little as 4 business days.
Opposed to payday lenders that reflect APRs between 250% to 1,200% on average, Camino Financial breaks up their interest rates into monthly rates ranging between 1% to 2.5% on average.
Upon applying for the loan, consumers should be warned that Camino Financial will conduct a soft credit pull, which means you don’t have to worry about it affecting your credit.
As a whole, the community feedback surrounding Camino Financial is not only inviting but makes it seem like Camino Financial goes the extra mile for their clients.
Camino Financial, Inc
Camino Financial Inc., is a Delaware corporation which may be contacted at 309 E 8th Street, Suite #601, Los Angeles, CA 90014.
According to the Better Business Bureau, Camino Financial Inc., has been BBB accredited since July 2nd, 2015 and reflects an A+ BBB rating despite having no feedback.
The reflected telephone number disclosed for Camino Financial at the BBB is (800) 852-0655.
Detailed in the Contact Us page of CaminoFinancial.com, Camino Financial can be reached through their contact submission form or through the following channels:
Address
309 E 8th Street, Suite #601
Los Angeles, CA 90014
Popularity
CaminoFinancial.com was a privately acquired domain that was registered through GoDaddy registrar’s on February 4th, 2014.
According to SimilarWeb, CaminoFinancial.com reflected a global rank of 766,407 with a US rank of 205,586 as of April 9th, 2019.
Since 2018 Camino Financial has been reflecting signs of positive and organic site growth with over 67% of their site visitors residing within the United States, Mexico and Columbia.
Camino Financial Reviews
During the time of composing this review, Camino Financial didn’t reflect many negative reviews across the web.
Consumer review portals such as TrustPilot reflected what appeared to be legitimate consumer feedback, as seen below:
“You handled my client that I referred superbly. It was a smooth and professional experience working with Yvette Salas and her team. They kept me in the loop every step of the way. I will definitely continue to work with them on many deals in the future.”
“We were impressed with the dedication of Camino’s team – they were in constant communication with us during the process; from day 1 – until closing date. I truly recommend them to those that value service, and going the extra mile.”
“We had a great experience with Camino Financial, Yvette and the whole team was amazing, true a lot of paperwork to prepare but well worth it, They saved us a lot of time, headache and money…Other companies over promised and never delivered…Camino Financial is the company that you would like to build a relationship with.”
CaminoFinancial.com Complaints
In order to find any complaints regarding Camino Financial we had to investigate into their corporate structure, which according to the feedback shared at GlassDoor the reviews are more good than bad.
“Camino Financial is always striving to find new ways to improve performance and efficiencies. They also believe that their strongest assets are their employees and continually develop team members..”
One complaint can be found dating back to December of 2018, stating that Camino Financial is a, “Sinking Company.”
Apart from a few complaints regarding the corporate side of Camino Financial, all appears to be in good standing to date.
Is Camino Financial Recommended?
Given the overall positive consumer feedback along with their legitimacy as a company according to the Better Business Bureau we believe Camino Financial is a trustworthy and legitimate online lender that can help you secure a competitive, small business loan.
Camino Financial Scam Ruling
Camino Financial provides valuable services for small business owners looking to acquire small business loans with fixed and competitive interest rates.
Unlike other small business loans or online lenders that fit the mold of payday lenders, Camino Financial offers monthly interest rates (according to their site) between 1% to 2.5% month, which equates to 12% to 30% annually.
Their eligibility requirements don’t stiff-arm potential applicants due to their credit history while their application takes less than 10 minutes to complete on average.
Given the information shared above we believe Camino Financial to be around for some time to come.
We invite you to share any insight, experiences or feedback you may have below!