Balboa Capital Small Business Financing Review

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Balboa Capital

Funding amount

Up to $5 million

Term

3-24 months

Min. credit score

620

Time to funding

As soon as same day

Based in California, Balboa Capital is a division of Ameris Bank, funding over $8 billion in business loans across the United States. Balboa Capital offers funding to small businesses from $20,000 to $5 million depending on the loan type. Balboa Capital offers various types of small business financing, including a business cash advance, SBA loans, equipment financing, commercial financing, and more.

Although it offers a variety of loan types, Balboa Capital is known for its equipment financing program.

Balboa Capital

Apply through Lendio

Funding amount

Up to $5 million

Term

3-24 months

Min. credit score

620

Time to funding

As soon as same day

Based in California, Balboa Capital is a division of Ameris Bank, funding over $8 billion in business loans across the United States. Balboa Capital offers funding to small businesses from $20,000 to $5 million depending on the loan type. Balboa Capital offers various types of small business financing, including a business cash advance, SBA loans, equipment financing, commercial financing, and more.

Although it offers a variety of loan types, Balboa Capital is known for its equipment financing program.

Pros and cons.

Pros

Cons

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Loan offerings through Balboa Capital.

Balboa Capital caters to a wide range of business needs through its diverse loan offerings, aiming to support small businesses in various stages of growth and development. The lender’s portfolio includes cash advances, SBA 7(a) and SBA 504 loans (offered through Ameris Bank), equipment financing, and more.

Balboa Capital offers flexible qualification requirements and a streamlined application process to help small businesses get the financing they need quickly.

By offering a comprehensive suite of financing products, Balboa Capital aims to be a one-stop financing solution for small businesses across the United States, addressing immediate cash flow issues as well as facilitating long-term growth and expansion plans.

This table will focus on Balboa Capital’s equipment loans, since that is the lender’s most well-known program.

Balboa Capital equipment loans quick facts
Loan amount rangeUp to $500,000
Time in business1 year
Minimum credit score620
Minimum annual revenue$100,000
Repayment scheduleMonthly
FeesCan include a documentation fee, UCC filing fee, equipment inspection fee, prorated rent, and sales tax
Funding speedAs soon as same day

See if your business is eligible
for financing through Lendio.

How much money are you looking for?

Things to consider.

Quick funding times.

One of the standout features of Balboa Capital’s loan services is their quick funding times. Whether for urgent equipment purchases, unexpected expenses, or cash flow shortages, Balboa Capital’s ability to provide same-day funding following a simple application process sets them apart in the competitive landscape of small business financing. 

Financing range.

Balboa Capital offers a wide range of financing amounts, from as low as $20,000 to as much as $5 million, depending on the type of loan and the borrower’s qualifications. This broad financing spectrum is designed to accommodate the diverse needs of small businesses, whether they’re looking to make minor upgrades, purchase new equipment, or fund significant expansion projects. 

Wide range of loan programs.

Balboa Capital distinguishes itself with a comprehensive array of loan programs designed to meet the unique needs of small businesses. From the agility of cash advances to the substantial support of SBA loans and the specificity of equipment financing, Balboa Capital ensures businesses can access the right type of funding at the right time. 

Loan requirements

To be eligible for most of Balboa Capital’s loan programs, a business must meet the following requirements:

Businesses applying for small business financing through Balboa Capital must also provide additional documentation. This can include financial statements, tax returns, and proof of ownership.

Repayment options

For most loan types, Balboa Capital provides terms ranging from 3 months to 5 years depending on the loan type, allowing businesses to choose a repayment period that best fits their needs and financial planning.

Fair customer reviews.

Balboa capital has an A+ rating from the Better Business Bureau and a 3.5 star rating on Trustpilot. This bodes well for potential borrowers looking for business financing through them.

Evaluation

Balboa Capital is best for:

Where Balboa Capital might fall short:

How to apply for financing with Balboa Capital through Lendio.

Applying for financing through Balboa Capital via Lendio is a streamlined process designed to connect your business with the funding it needs with minimal hassle. Lendio is a small business loan marketplace with multiple lenders that will help match small businesses with loans that suit their unique needs. Here’s how you can get started:

  1. Complete Lendio’s online application form: You will need to fill out a brief online application on Lendio’s website. The form asks for basic information about your business, such as its name, how long it’s been in operation, your monthly revenue, and the amount you’re looking to borrow.
  2. Documentation submission: Alongside your application, you will be asked to submit documents that verify your business’s financial standing. These could include recent bank statements, income statements, balance sheets, and tax returns. Having these documents ready in advance can speed up the process.
  3. Review and acceptance: Once your application is submitted, Lendio will match you with potential lenders that fit your needs. If Balboa Capital is a good fit for your financing requirements, you will receive an offer outlining the terms of the loan. Review these terms carefully to ensure they align with your business goals and repayment capabilities.
  4. Finalize the deal: If you decide to proceed with Balboa Capital, you will work directly with their team to finalize the loan details.

The bottom line.

Balboa Capital stands out as a robust financing option for small businesses that value flexibility and speed.

Ready to compare Balboa Capital with other financing options? Check your eligibility on Lendio and get multiple financing offers for your small business in one place.

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Applying is free and won’t impact your credit.

FAQs

Balboa Capital was founded in 1988, establishing a solid reputation in the financing industry. The lender has an A+ rating with the Better Business Bureau and has received numerous positive reviews from customers.

In order to qualify for a small business loan from Balboa Capital, you should have a credit score of at least 620.

No, Balboa Capital is not a bank. Instead, the company is a direct lender that offers small business loans.

12+ years of serving
small business.


$15+ billion in SMB funding


75+ lenders in our network


400,000+ total loans funded


*The information contained in this page is Lendio’s opinion based on Lendio’s research, methodology, evaluation, and other factors. The information provided is accurate at the time of the initial publishing of the page (June 25, 2024). While Lendio strives to maintain this information to ensure that it is up to date, this information may be different than what you see in other contexts, including when visiting the financial information, a different service provider, or a specific product’s site. All information provided in this page is presented to you without warranty. When evaluating offers, please review the financial institution’s terms and conditions, relevant policies, contractual agreements and other applicable information. Please note that the ranges provided here are not pre-qualified offers and may be greater or less than the ranges provided based on information contained in your business financing application. Lendio may receive compensation from the financial institutions evaluated on this page in the event that you receive business financing through that financial institution.