Do you have a small business, but plan to make it bigger and better? Do you lack the funds to make that big step that will make you even more successful?
A lot of people have a vision, but often need help to start off, which is why they turn to loan providers. In a lot of cases, those include banks and different financial institutions. Their offers often sound good at first glance. However, after a short while, you start noticing that the process of getting a loan is long, complicated, and includes a ton of paperwork. Not to mention that banks often have very strict criteria, and can even reject your application for the smallest detail that is not to their liking.
Despite some pretty good perks, the complications that come along with this process can often discourage business owners. This is why so many great ideas never see their realization, while the existing business risk shutting down.
Introducing Camino Financial
Camino Financial is a company that has a goal of catalyzing economic growth in communities with low-to-moderate income. They do so by helping small businesses, and empowering them in order to create additional job opportunities and allow these small firms to grow and develop.
The company thrives in finding a proper business loan for small businesses that need that little extra money in order for their business to reach its full potential. This is the company that understands your struggle and wishes to help you overcome the difficulties of a though period. They will help you learn about your funding options, and select a small business loan that will help you put your firm back on the map.
Camino Financial allows you to get a small business loan through a quick and easy online process that is perfectly safe and reliable. Getting a loan has never been simpler, and you can get the necessary funds in less than 10 days after signing the loan contract. Best of all, you need no collateral in order to be accepted, and the entire process is done with almost no paperwork involved at all.
All that really stands between you and your small business loan are your basic financial records and accepting the company’s terms.
The company’s criteria are far more flexible than those of any traditional bank. Additionally, the terms we mentioned previously are primarily based on your own business’ cash flow, credit score, and the plans for the provided funds. As you can see, the requirements are truly minimal, and this is why Camino Financial is the best firm for getting small business loans.
How to get a small business loan in only a few steps
Getting funds in traditional banks is, as we mentioned earlier, a long and troublesome process. With Camino Financial, this process is narrowed down to only a handful of steps.
The first thing that you need to do is make sure that you meet the necessary requirements. These include some very basic things. The first requirement is that your company needs to be properly registered, and you need to provide proof that your firm is operating for a minimum of 9 months. The second requirement includes your company’s income. To properly qualify for a loan, your business needs to earn at least $30,000 on a yearly basis. Alternatively, it must make $2,500 or more per month.
The third and final requirement is that you need to be free of past due payments or other debt obligations that are still active. As you can see, the requirements are nothing special, and if you meet all three of them, that is all that you need to apply for a loan. All you need to do in order to get your funding is to follow these steps:
Step 1: Apply online, and receive the company’s terms
Applying for a loan with Camino Financial is as easy as it can get. You can do the entire thing online, via mobile-friendly loan application. The process only takes around five to ten minutes, and it requires absolutely no documentation. Simply submit your application without the fear of it impacting your credit score.
Step 2: Study the terms and authorize the bank activity download
This step is as simple as the previous one. You will receive pre-approved loan terms within a single business day, and a business loan specialist will soon contact you. Carefully review the terms and make sure that you understand them. After that, all you need to do is authorize the company to download the activity of your bank account in the previous six months.
That way, the firm can verify your own business’ income, and confirm that you meet the necessary requirements. In case there is something that the company deems unclear, you may be asked to provide additional documentation, so keep that in mind as well.
Step 3: Sign the contract and get your small business loan
You are almost done with the entire process, and it only took a day or so by now. All that is left for you to do is to wait for one to eight more business days for your loan application to be properly reviewed. After that, if everything is in order, you will receive official approval. Finally, you will have to sign a mobile-friendly contract regarding the loan, which will arrive via email.
That’s it! Nothing more is required, and your bank account will receive the funds in a matter of two business days. As you can see, the entire process can be done in no more than 10 days, which is a deal that you likely won’t get from any other bank or financial institution. All that the process takes is about an hour of your time in total.
Ali writes for Camino Financial, an online lender focused on business loans. He is a freelance journalist, with experience in web journalism and marketing. He holds a Master degree in Finance and enjoys writing about cybersecurity, cryptocurrencies, and technology.