Last Updated: 06/21/2025
Balboa Capital Small Business Loans
Unaffiliated
in Business Loans from Balboa Capital
Last Updated: 06/21/2025
SuperMoney User Recommendation Score +8
Mostly recommended12 total votes
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Highlights
Community Rating
Mostly recommended
Amount Range
$1,000 - $1,000,000
APR (Fixed APR)
4% - 8%(Verified 06/21/2024)
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Loan Term (Months)
3 - 84
Number of Reviews
Balboa Capital Small Business Loans Review
Balboa capital is a business financing offering by Balboa Capital, based in Costa Mesa, CA. Founded in 1988, Balboa Capital offers access to small business loans in 50 states (and Washington, DC).
Balboa capital FAQ
What are Balboa capital 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 business loan amount . Balboa capital deducts the fee directly from your business loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.
Does Balboa capital charge prepayment fees?
Yes, Balboa capital may charge additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a business loan product because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.How much can you borrow from Balboa capital?
Business loan amounts start at $1,000 and go up to $1,000,000.
What is the maximum business loan term you can get with Balboa capital?
Balboa capital offers small 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 Balboa Capital Small Business Loans?
Balboa Capital Small Business Loans requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $300,000 to be considered.
Applicants with a credit score of at least 560 and up to 850 may be eligible for Balboa Capital Small Business Loans. U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Balboa Capital Small Business Loans.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of identity
Does Balboa Capital perform a hard credit pull?
Yes, Balboa capital performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
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Message from Balboa capital
Message from our editor
What We Love About Balboa Capital Business Loans
Financing is important for all businesses, but it’s not always easy or fast to get the financing needed. We like quite a few things about the company and what they can do for businesses.
There aren’t any restrictions on how you use the funds you get through your small business loan from Balboa Capital Business Loans, which is nice. It should be possible to get a loan for a small business if you meet the minimum requirements. There are also options for commercial financing, equipment financing, equipment vendor financing, franchise financing, and more. Balboa Capital Business Loans also says that all credit scores are considered, and the company doesn’t require any collateral.
Balboa Capital Business Loans has excellent customer service, and the process of applying for and getting a loan is fast. Overall, there’s a lot to like with this lender.
What Balboa Capital Business Loans Could Do Better
While it is easier to qualify for a loan with Balboa Capital than with other business loan providers, not everyone will get approved. For example, you will need to satisfy the annual revenue requirements, which many small businesses can't meet.
Balboa Capital Business Loans’ Backstory
Balboa Capital Business Loans has been around since 1988. With over three decades in the field, this independent company has funded more than $5 billion. The company began with the goal of making it faster and simpler for companies to qualify for and receive their loans, and they’ve been quite successful in this mission.
The Verdict
Overall, there are plenty of benefits to using Balboa Capital Business Loans. The company makes the process of applying as simple as possible. They have clear terms, it’s all easy to understand, and they have an excellent customer service department. They are well worth considering for your next business loan.