Features

Balboa Capital is an independent financing company that specializes in equipment leasing, merchant cash advances, small business loans and corporate financing. The company is based in Irvine, California and was launched in 1988. It has an “A” BBB rating and has provided over $4.8 billion in loans.

How Does Balboa Capital Work?

Balboa Capital offers business several financing solutions depending on their size, needs and preferences. If you need capital to purchase business equipment, Balboa can fund up to 95% of the cost and provide leasing documents on the same day you apply.

Businesses looking for more flexibility can apply for small business loans and merchant cash advances, which don't have restrictions on how funds can be used and require no collateral. Larger companies and franchises can apply for special terms on loans and lines of credit.

What Are The Interest Rates?

Interest rates vary widely depending on the type of loan you apply for, the loan amount, term and your credit rating. For instance, the annual cost of leasing equipment ranges from 4% to 8% of the loan amount. However, unsecured loans, such as business loans and merchant loans, have much higher interest rates.

How Much Money Can I Borrow?

Balboa Capital provides loan amounts ranging from $1,000 to $50 million. However, small business loans and most equipment leasing loans have a maximum loan amounts of $250,000. How much you qualify for will depend on your business' gross revenue and bank account balances.

Which States Does Balboa Capital Operate In?

Balboa Capital operates in all 50 states

What Is the Application Process Like?

The application form only takes minutes to fill in and borrowers receive a credit decision within 60 seconds. In 95 percent of the cases, borrowers can receive their merchant cash advances within the same day. Small business loans may take up to 5 days to process. Although a solid credit history helps, Balboa Capital does not require borrowers to have perfect credit.

How Is Balboa Capital Better than Other Lenders?

Balboa Capital is a direct lender with deep pockets that offers flexible loan solutions. Small business loans are processed within 5 business and merchant cash advances are usually processed within the same day. There are no prepayment penalties and business loans do not require collateral.

Overall Balboa Capital has good customer satisfaction rating. However, there are complaints about aggressive marketing techniques and surprises in the small print of contracts. As with all financial agreements, it is important to read carefully the entire loan or lease agreement.

  • Max Loan Term (Months)
    84
  • Credit Score Range
    700 - 850
  • Minimum Revenue
    $10000
  • Minimum Years in Business
    1
  • Business Loan Type
    • Secured Term Loan
    • Line Of Credit
  • Intended Use of Funds
    • Equipment Purchase
    • Lease Improvements
    • New Location
    • Product or Service Expansion
    • Working Capital
  • Institution Type
    Direct Lender
  • APR
    4% - 8%
  • Approval Speed (Hours)
    1
  • Loan Amount
    $1000 - $250000
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