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  Balboa Capital

Balboa Capital

in Business Loans from Balboa Capital

Unaffiliated

Balboa Capital

Unaffiliated

in Business Loans from Balboa Capital

SuperMoney Net Recommendation Score -19% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Mostly not recommended

6 users recommend
1 user is unsure
9 users don't recommend
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Highlights
Highlights
Community Rating Mostly not recommended
Loan Amount $1,000 - $1,000,000
APR  (Fixed APR) 4% - 8%
Loan Term 3 - 84 months
Number of Reviews 16

Balboa Capital Review

Where does Balboa Capital do business?

Balboa Capital is a business financing offering by Balboa Capital, a direct lender based in Costa Mesa, CA. Founded in 1988, Balboa Capital offers access to business loans in 50 states (and Washington, DC).

What are Balboa Capital’s rates?

Balboa Capital offers a fixed APR business financing product that ranges from 4% APR up to 8% APR.

Does Balboa Capital charge an origination fee?

Yes, Balboa Capital charges a loan origination fee starting at 0% of the loan amount. Balboa Capital deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does Balboa Capital set on the purpose of the loan?

Balboa Capital considers loan applications for business purposes, such as:

  • Equipment Purchase
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does Balboa Capital offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Balboa Capital provides access to the following business loan types:

  • Secured Term Loans
  • Lines of Credit
  • Merchant Cash Advances

Does Balboa Capital charge prepayment fees?

Yes, Balboa Capital charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

How much can you borrow from Balboa Capital?

Loan amounts start at $1,000 and go up to $1,000,000.

What is the maximum loan term you can get with Balboa Capital?

Balboa Capital offers business loans with terms ranging from 3 to 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a loan with Balboa Capital?

Applicants with a credit score of at least 560 can apply for a loan via Balboa Capital. Balboa Capital requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $300,000 to be considered.

Only U.S. citizens and permanent residents can apply for a loan. To qualify, applicants may need to provide the following documentation:

  • Proof of Identity
  • Proof of Income

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Contact

  • Headquarters
  •   575 Anton Boulevard
    12th Floor
    Costa Mesa, CA 92626 USA
  •   Visit Site

About Balboa Capital

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Origination Fee Starting at 0%
Credit Score Range 560 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Months in Business 12
Minimum Revenue $300,000
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount $1K - $1M
Loan Term 3 - 84 months
APR (Fixed APR) 4% - 8%

Balboa Capital Community Reviews

 
 

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