Camino Financial is an online lending marketplace primarily focused on deploying capital to the largest and fastest growing underbanked business segment in the U.S., Hispanic-owned businesses. With the emergence of many new online lenders and credit marketplaces, Camino Financial expects to carve a sizeable niche in online business lending. Recently published research by Geoscape estimates that 4.1 million U.S. based businesses are owned by Hispanics. Based on this research, Hispanic-owned businesses grew 15x faster in 2012-15E compared to all U.S. firms. Despite their size and growth profile, Hispanic-owned businesses struggle to get access to bank loans with approximately 6% of SBA 7(a)1 loans deployed to Hispanics in the last year (source: www.SBA.gov).
Camino Financial was co-founded by twin brothers, Sean and Kenny Salas, while completing their MBAs at Harvard Business School. READ MORE AT PRNEWSWIRE
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