Balboa Capital Reviews, Loan Options and FAQs

Learn more about loans from Balboa Capital with customer reviews, loan options and frequently asked questions.

Updated on September 13th, 2019

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Balboa Capital is a business lender that provides working capital loans to businesses of all sizes. Balboa is known for its simple application process and fast funding solutions.

Loan Options:

Loan Type

Amount

Term Loan

Up to $250,000.00

Business Cash Advance

$5,000.00 to $250,000.00

Franchise Financing

Up to $1,000,000.00

Equipment Leasing

Up to $250,000.00

Commercial Financing

$Up to $100,000,000.00

Vendor Financing

Dependent on revenue.

Review:

Pros: Easy application process and flexible product offerings.

Cons: A business must generate at least $300,000 in annual revenue to qualify for a business loan.

Bottomline: Fantastic platform to obtain business loans at great rates.

Key Information:

Co-Founders

Patrick Byrne, Shawn Giffin

Founded

1988

Headquarters

Costa Mesa, CA

Number of Employees

201-500

CEO

Patrick Byrne

Address

575 Anton Boulevard, 12th Floor, Costa Mesa, CA 92626

Phone Number

+1 888-225-2621

Website

www.balboacapital.com

Reviews:

Source

Review

bqinternet - webhostingtalk.com

I can't recommend Balboa Capital. We had a terrible experience with them, and came very close to filing a lawsuit.

Charles@AEppelTreow - adiforums.com

I use Balboa Capital. I think I found them in one of the wine industry journals. Good rates (7-9%, if I remember right) and buy out terms, no early payment penalties. Flexible payment schedule (I do winter payments at about 1/2 of summer payments to match my [cider] tasting room revenue). I've set up leases for tanks, cooperage (steel and oak), pumps, membrane filters and bottle filler. Balboa's service is good. They used to sell most leases out to Pacific Capital / Santa Barbara Bank & Trust (now Leaf Financial). That service is not so good. My last lease was done completely within Balboa and went very smoothly.

FAQs:

What type of loans does Balboa Capital offer?

  • Small business loans.
  • Equipment vendor financing.
  • Commercial financing.
  • Franchise financing.
  • Equipment leasing.
  • Lines of credit.
  • Merchant cash advances.

Learn more about Balboa Capital.

How do I apply for a loan at Balboa Capital?

For loans up to $250,000 with no collateral, you can apply online or via smartphone and get an automated decision immediately. You will need to contact Balboa Capital directly if you want a loan for a higher amount.

How do I qualify for a loan at Balboa Capital?

You will need to be in business for at least 1 year, have a minimum credit score of 560 and have annual business revenue of at least $100,000.00.

See Balboa Capital's loan options.

How long of a term can I get for a business cash advance?

With a business cash advance from Balboa Capital, you can have a term of anywhere from 3-18 months for amounts of $5,000 to $250,000.

Do I need collateral to access Balboa Capital small business loans?

Balboa Capital does not require you to provide collateral when you are applying for a small business loan.

What are terms for Balboa Capital's equipment leasing and financing?

Equipment leases are available with 24-72 month terms for up to $250,000. This finance is used by businesses for items such as machinery, software, or vehicles.