Balboa Capital Review: Fast Funding, But Unknown Cost
Balboa Capital small business loans isn't available on Finder right now.
- Min. Amount
- $20,000
- Max. Amount
- $250,000
- APR
- Not published
Our verdict
Funding in as little as one day for small business and equipment loans, but limited transparency on costs.
Balboa Capital offers various types of funding, including small business loans up to $250,000 and equipment financing up to $500,000. Approvals can take as little as an hour, with funds arriving as soon as the same day. To qualify, you’ll generally need at least one year in business, $100,000 to $300,000 in annual revenue and a 620 credit score. But rates and fees aren’t published, so you’ll have to apply to check the cost of borrowing.
Best for: Businesses with strong revenue and a 620+ credit score that need fast funding.
Pros
-
Offers various types of loans
-
Approvals in as little as an hour, with same-day funding possible
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Available in all 50 states
Cons
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Doesn’t publish rates or fees
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High annual revenue requirements
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Low ratings from past customers
Is Balboa Capital legit?
Yes, Balboa Capital is a legitimate lender offering a wide range of business financing. Founded in 1988, the company has provided more than $8 billion in funding to businesses across the country. It uses encryption and other security measures to protect customer data. However, the company is not accredited by the Better Business Bureau, though it holds an A+ rating.
What makes Balboa Capital shine?
Balboa Capital stands out for offering a wide range of funding, including small business loans, equipment financing, SBA loans, franchise financing and commercial financing. Its most popular products are the small business loans and equipment financing, which offer a 100% online application with fast approvals in as little as one hour. Financing is fast, too, with funds being disbursed as soon as the same day your application is approved.
Loan amounts are broad, ranging from $20,000 to $250,000 for small business loans and up to $500,000 for equipment financing. Other loan types offer even larger amounts. For example, SBA loans top out at $5 million, while commercial financing goes up to $10 million and even higher in some cases. And with over 35 years in business, Balboa Capital offers a longer track record and more experience than most online lenders.
Where Balboa Capital falls short
Balboa Capital has some clear downsides you should weigh before applying. The biggest limitation is transparency. Balboa doesn’t publish its interest rates, fee ranges or repayment costs on its website, which makes it difficult to compare options. To view multiple offers at once with just a soft credit check, try using a business loan marketplace like Lendio or Fundera.
Another drawback is the structure of its smaller business loans. Terms max out at 24 months, which could make it difficult for you to manage cash flow.
Customer reviews also point to frustrations, with repeated complaints about confusing early payoff terms and poor customer service. You might compare top business lenders with accreditation and a better reputation.
Balboa Capital loan details
| Loan amount | $20,000 to $250,000 for small business loans Up to $500,000 for equipment financing |
| Terms | 3 to 24 months for small business loans 24, 36, 48 or 60 months for equipment financing |
| APR | Not published |
| Turnaround | Approval within one hour during business hours, funding as soon as the same day |
| Minimum credit score | 620 |
| Other requirements | 1 year in business Annual revenue of $300,000 for small business loans or $100,000 for equipment financing |
| Fees | Not disclosed |
| Availability | Available in all 50 states |
Small business loans and equipment financing are the most popular types of funding offered by Balboa Capital and the easiest to obtain. The company also offers other types, including SBA loans, franchise financing and commercial financing.
Balboa Capital contact information
| Phone number | 888-225-2621 |
| Customer service hours | Weekdays: 7 a.m. to 4 p.m. PT |
| customerservice@balboacapital.com | |
| X, formerly Twitter | @BalboaCapital |
| @BalboaCapitalCorp |
How to qualify for Balboa Capital
Requirements for small business loans and equipment financing through Balboa Capital include:
- Have a Social Security number or EIN
- Be age 18 or older
- Have a minimum credit score of 620
- Be in business for at least one year
- Earn annual revenue of at least $100,000 for equipment financing or $300,000 for small business loans
How to apply
Balboa Capital’s application is handled entirely online and is designed to be quick, especially for smaller loan amounts. Here’s what to expect:
- Complete the online application. Provide basic information about you, your business, annual revenue and time in operation, etc.
- Upload required documents. Balboa typically asks for three months of business bank statements and a voided business check. You may also need to provide tax returns from the past two years and other financial documents for loans over $250,000. For equipment financing, be prepared to provide an equipment invoice or purchase order.
- Wait for a response. Balboa reviews your application and runs a credit check. If you apply during business hours, you may get a decision in as little as an hour.
- Sign and fund. If approved, you’ll review the loan or lease terms and sign electronically. Balboa can release funds or pay the equipment vendor the same day in many cases.
How Balboa Capital compares to other lenders
Compare other products
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How we picked theseWhat is the Finder Score?
The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
Balboa Capital reviews and complaints
| BBB accredited | No |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 1.53 out of 5 stars, based on 15 customer reviews |
| BBB customer complaints | 23 customer complaints |
| Trustpilot Score | 2.3 out of 5 stars, based on 304 customer reviews |
| Customer reviews verified as of | 24 November 2025 |
Balboa Capital only has a handful of reviews on the Better Business Bureau (BBB), but the vast majority of them are negative. Only two out of 15 reviewers gave more than a single star.
Those who complain typically focus on poor customer service, hidden fees, high APRs and no benefit for early payoff. Customers with a positive experience praise the helpful customer service agents, competitive rates and straightforward application. Comments on Trustpilot are similar, but that site has 20x as many reviews.
What do people on Reddit say?
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