Camel Financial

Financing for businesses that banks turn away

Camel Financial is a specialist lender that provides financing to small and medium-sized businesses. It was established in 1988 in Orange County, California, and says its products suit companies in situations that conventional banks often refuse, such as seasonal trade, uneven sales or recovery from difficulty. The firm says it has helped thousands of companies over more than thirty years, and that its staff's expertise is what lets a business grow into a much larger one.

Turning unpaid invoices into working cash

Accounts receivable financing is the core product. A company assigns its invoices to the lender and receives cash against them, so it can keep filling orders, buying stock and paying staff while its customers take their normal time to pay. The company describes the gap between delivering work and being paid as one that banks will not bridge, and says its service turns those invoices into cash so the business can carry on. It also helps companies whose own customers pay slowly.

An asset-based revolving line of credit

Camel offers a self-liquidating line of credit based on accounts receivable. Invoices are assigned through a schedule of accounts, and the company says this gives access to cash without adding debt, because collections pay the facility down. Clients can also raise their credit lines against used or leased equipment, based on its appraised value, and borrow against moving inventory, so that stock turnover reduces the loan.

Who the firm works with

Its clients include relatively new businesses with limited credit history, companies growing quickly with new or existing customers, and firms restructuring after bankruptcy. Its products include a business cash flow loan, an accounts receivable financing solution, inventory loans and equipment financing.

How a business can start

A business can learn about the processes, compare the firm's products with other forms of alternative finance, or start an application by submitting a detailed aging of its receivables. The company says it will work with each business to address its cash-flow needs.

Camel Financial is a specialist lender that gives small and medium businesses cash against their unpaid invoices, stock and equipment. It focuses on companies that banks often turn away.

Products and services

• Accounts receivable financing: invoices assigned to the lender and turned into working cash.
• Asset-based revolving line of credit: a facility that pays itself down as receivables are collected.
• Inventory loans: borrowing availability raised using stock that moves quickly.
• Equipment finance: increased credit lines based on the appraised value of used or leased equipment.
• Business cash flow loans: working capital for seasonal or uneven trading.

Who it serves

The lender names relatively new firms with limited credit history, fast-growing companies and businesses restructuring after bankruptcy. It also helps firms whose own customers pay slowly.

Key facts

• Founded: 1988, in Orange County, California
• Based in: Riverside, California, USA
• Track record: over 30 years of lending