Balboa Capital offers a variety of financing options such as small business loans, equipment leasing, commercial financing, business cash advance, and more. The company is also a Better Business Bureau (BBB) accredited direct lender. We compiled user reviews from around the web and determined that Balboa Capital has a mix of positive and negative ratings. We also compared the most popular pricing options for small business owners.
Balboa Capital Customer Reviews
Ease of Use: Good
Customer Service: Average
Summary of User Reviews
What Balboa Capital does well:
Users who recommend Balboa Capital like the company’s streamlined process. Customers were happy that their application went quickly and smoothly. Many of them also reported having a positive experience with customer service.
What Balboa Capital does not do well:
Users who gave the Balboa Capital negative feedback complained about billing issues. Customers also said that the terms are unclear or that the terms changed over the course of their loan.
Most Helpful Positive User Review
A user who gave Balboa Capital a positive review on Trustpilot appreciates the easy and straightforward application process. He also mentioned that the staff were responsive, helpful, and knowledgeable.
Most Helpful Negative User Review
A user who gave Balboa Capital a negative review on Better Business Bureau (BBB) said that contracts were cleverly written and that you need to really read all of the fine print and follow everything to the letter or the consequences can be very costly. He said that the contract seemed reasonable at first, but then they ended up paying more than expected.
Balboa Capital Pricing
Balboa Capital offers small business loans ranging from $1,000-$250,000. To qualify, you need to be in business for at least one year and have at least $300,000 in annual revenue. No financial paperwork or collateral are required, however, they take a look at credit scores. Interest rates depend on your credit score and payment terms.
|Loan Amounts||Up to $250,000|
|Terms||3 to 24 months|
|Funding Speed||Within days|
Before applying online, you should use the company’s small business calculator and check out what your estimated monthly payments will be.