Starting a new business is a dream come true for a lot of people. It is always encouraging to see that your vision has come to life and that you are making an impact on the world.
Running a business can be very hard, but while it is small and cozy, most business owners can quickly get the hang of it. After a while, you are ready to expand and make your business even better and greater than before. However, to do so, you need money. This is when the idea of getting small business loans first starts to settle in.
The troubles of getting small business loans
For most people, getting a small business loan for expanding their business means having to deal with banks. And, while a lot of banks often offer some great deals with a lot of positive perks, they are not without issues.
Getting a loan from a traditional bank or a similar financial institution can be troublesome. Their criteria are extremely strict in most cases, and they can easily reject your application without a second thought. They require you to have collateral, and the process requires tons of paperwork. What’s more, it can often take weeks, or even months before you actually get your funding.
You, as a business owner, usually cannot afford all that time and troubles that come with the process. You need the money fast, in order not to miss out on the new opportunity. However, for a long time, dealing with banks was the only real option that business owners had. This has discouraged many of them from getting the much-needed small business loans, and as a result, their businesses suffered. Even worse, failing to jump on the right opportunity has often resulted in businesses getting shut down, or destroyed by competition, or even in the lack of interest by the customers.
Luckily, however, there are some companies around these days that can provide business owners like you with a perfect loan that will allow your business to thrive.
About Camino Financial
Camino Financial is a company that understands the needs and problems of small businesses. This is the firm that wants to see your business grow, just as much as you do. This is why they dedicate their efforts to helping you find the right business loan plan, and then they deliver it within days. They will help you understand your funding options, and empower your business in order to help it grow and create new job opportunities.
This is the company that will provide you with secure small business loans quickly and easily. The best part is that you do not need collateral, nor is there a huge amount of paperwork involved. Additionally, the entire process is done within 10 business days or less, while you will only have to take out an hour or so of your time to complete the entire thing.
All you need to do is answer a few simple questions regarding your business, and fill out a short application. The company is interested in learning your story and finding the best way to help you out. They are also completely open and transparent and will answer any question that you may have regarding their business, the process, or the requirements.
And, while we are talking about the necessary requirements, they are extremely basic and simple. Applying for small business loans has never been so simple and quick, which is why
Steps to get a business loan with Camino Financial
In order to get a loan from the company, all you need to do is answer a few questions and provide basic financial records of your business. In fact, they will handle the most of the work even regarding that.
To start off, you need to meet a few simple requirements. The first one is that your firm needs to be properly registered. Also, it needs to be operating for at least 9 months. Next, in order to get a loan, your business has to earn at least $2,500 on a monthly basis, or $30,000 on a yearly basis. Finally, you must not have any current debt obligations to another organization, bank, or financial institution. While these terms are non-negotiable, they are truly basic and simple, and most businesses are likely already meeting these requirements.
If you are among them, then congratulations! You are ready to apply for a loan with Camino Financial. All that remains now is for you to follow three simple steps.
Step 1: Apply and receive pre-approved terms
The first thing to do is as simple as it can get. You need to complete this mobile-friendly loan application. Filling it out should only take you a few minutes. It is quick and easy, it requires no documentation, and submitting it will have absolutely no impact on your credit score.
Step 2: Review the terms and allow the download of bank activity
After completing the first step, you will receive your pre-approved terms. This will likely happen within one business day, so keep an eye out. Soon after that, your own assigned business loan specialist will contact you. Together, you can go through the terms of the loan, and they can explain everything in detail, in case that there is something that you don’t quite understand.
After reviewing and properly understanding these terms, you will need to authorize the company to download your business’ bank account activity. This will only include the last six months and is necessary for the company to confirm your business income, and verify that you indeed meet the necessary requirements. This part of the process will only take a minute of your time, but if there are some irregularities in the bank report, you may have to provide additional documentation.
Step 3: Sign the contract, and get your small business loan
Reviewing your loan application should not take too long, but you should be prepared to wait anywhere between 1 and 8 business days. If everything is in order, your final approval should arrive, and you will receive a loan contract. All that remains is to sign it, which will also be quite simple, since it is mobile-friendly as well, and will come via email.
Once you do that, that’s it! You’re done! The funds will reach your bank account in two business days, and you can start expanding your business like you always wanted to.
As you can see, the process is quite quick, simple, and anyone can apply at any time. Camino Financial will make sure that you receive your small business loan in the shortest amount of time, and make your dreams come true.
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.