Small Business Loans | Apply For Financing & Business Capital Loans

Types of Small Business Loans

Bad credit business loans

Having a poor credit score doesn’t mean you can’t invest in your business. Fortunately, many business capital loans don’t require a perfect score. Some examples of bad credit business loans are payday loans, merchant cash advances, and secured business loans.

Secured business loans

For this type of fast business financing, the lender will require you to pledge collateral. Collateral is an asset that the financial institution can seize to recoup the losses if you fail to pay.
Usually, you don’t require a good credit score to access these types of fast business financing because the collateral offsets the risk the lender perceives.

Unsecured business loans

These business capital loans don’t require collateral. Often, they are offered to applicants with good credit scores. But some lenders can offer them to people with all types of credit histories. How to apply for a small business loan without pledging collateral? Easy, just apply with Camino Financial. All of our loans are unsecured because we don’t want you to put your assets at risk. Even better yet, we can work with clients with bad credit scores or no credit history.

Working capital loans

This business lending option is for everyday expenses (like payroll or marketing) instead of new investments (like buying new equipment or expanding to a new location). You can use most types of business capital loans for working capital.