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.

  • Interest APR
    4% - 8%
  • Loan Amount
    $1000 - $250000
  • Max Loan Term (Months)
    84
  • Minutes
  • Same Day
  • 1-7 days
  • 1-2 weeks
  • 2-4 weeks
  • Min Revenue
    $10000
  • Min Years in Business
    1
  • Credit Type Offered
    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
  • Approval Speed (Hours)
    1
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0 votes

Great company in business for many years helping small businesses get loans and leases.


0 votes

Great option when I needed some funds to grow my company. Everything can be taken care of over the computer, too for lots of time saving.


0 votes

Easy to get a small business loan and a little higher rates than what I wanted, but my bad credit was a problem with my bank. Balboa was there when I needed cash.


0 votes

A very good experience and I highly recommend them if you need a loan or financing


0 votes

Negative reviews if possible.. Corrupt. Their contracts are borderline illegal. I suggest you go and check with the Calif Atty General's Office and you will see all the complaints.. Avoid like the Plague.


1 votes

These guys are absolute scum bags!!!! Do not work with them under any circumstance.


0 votes

I had a great experience with Balboa when I needed financing for my coffee shop.


0 votes

If I could give 0 stars, I would. This is the worst company to work with. BEWARE of the HIDDEN Fees!! We got our first months invoice with an additional $900 in fees.


0 votes

I've owned my own pet groomers shop for around 15 years, so needless to say, I've gotten my fair share of small business loans in the past. I hadn't gotten one in probably 4 years, so I was a little rusty on the industry. When I wanted one to assist me in moving locations, I went to Balboa. Honestly, they were the worst. The. Worst. They were so rude and inconsiderate. I wasn't a customer, I was a number in their heads. I don't regret my decision to go with ... Balboa, but I will look around for a better lender if I want another loan. More Less


0 votes

I'm slightly mixed on my review of Balboa Capital. I got a loan for my small business through them and had a great experience. I recommended them to a friend, who also runs a small business. In the end, my friend had an awful experience. They treated her with such disrespect and were not helpful whatsoever. I was so embarrassed that I recommended her to what I thought was such a "great" company. Seeing as they have a lack of customer service to some of their customers, I will probably ... look around for a different loan provider. More Less


0 votes

As a small business owner, I'm very busy going between multiple locations for my pizza shops. Because of this, I failed to take the time to properly research Balboa Capital before doing business with them. I took out one loan to purchase additional equipment for a new location we had just opened, and there weren't any issues to speak of. A while later, I took out another loan, for more equipment, but it didn't work out the same way. This time, it took weeks for them to give me a ... loan. It honestly was much more of a hassle than it should have been, especially considering I had already taken out a loan with them and was in good standing. I probably would look elsewhere for another business loan. More Less


0 votes

I've read various bad reviews about Balboa Capital, but I'm not too sure why. I've gotten small business loans through various other lenders before, and Balboa seems very similar to the other companies I've dealt with. Their customer service, at least what I've seen, makes them a cut above the rest. I haven't run into any issues as of yet, and I received a loan in the amount I needed. The online application was easy, and getting the loan was pretty quick.


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