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Camino Financial Names Chief Risk Officer socaltech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from socaltech.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Camino Financial today announced that Praveen Varma has been hired as its Chief Risk Officer. Mr. Varma comes to Camino to further build on its. ....
Share this article LOS ANGELES, April 29, 2021 /PRNewswire/ Camino Financial, a Los Angeles based FinTech focused on lending to Latino-owned businesses, announced today that it has been certified as a national Community Development Financial Institution ( CDFI ) by the U.S. Department of Treasury. Camino Financial is the first national CDFI powered by artificial intelligence, referred to as a neo-CDFI, focused on lending to underbanked businesses. Today culminates a three year journey in becoming a CDFI, said Sean Salas, Co-Founder and CEO of Camino Financial. For a long time, we ve had a strong view that CDFIs play a critical role in narrowing the capital disparity gap experienced among minority business owners. We saw this dynamic further amplified during COVID-19 when CDFIs helped these business communities access PPP and other forms of relief. ....
Camino Financial Partners With Lendio to Provide Small Business Capital to Underserved Communities Through this strategic partnership Camino Financial and Lendio aim to promote financial inclusion among Black and Latino communities News provided by Share this article LOS ANGELES, April 14, 2021 /PRNewswire/ Camino Financial - a mission-driven fintech pioneering affordable credit and financial products for underserved small businesses, today announced a partnership with Lendio - the nation s leading marketplace for small business loans. Camino Financial forms part of a growing pool of community lenders on the Lendio marketplace platform and has an API integration that will provide streamlined access to Camino Financial loans to help Black- and Latinx-owned businesses prosper and grow. ....
Latino Entrepreneurs Face and Can Overcome Funding Obstacles A new report details the barriers to loan approval for Latino-owned businesses and points to ways to break them down. January 29, 2021 Image Latino entrepreneurs like Jonathan Garcia, CEO, Simmitri Solar are significantly less likely to have their business loans approved by national banks.| Nathan Bietz Recent research by the Stanford Latino Entrepreneurship Initiative offers detailed insights into the difficulty Latino entrepreneurs often have finding funding for their businesses and points to some ways these entrepreneurs may be able to improve their odds of success. The 2020 State of Latino Entrepreneurship report found that Latino-owned businesses are significantly less likely than similar White-owned businesses to have loans approved by national banks. The report is based on a survey of “employer” businesses that have at least one paid employee other than the owner. ....