TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.
Disclosure: We are not compensated by companies for their reviews, but we may be compensated for links and advertisements on our website. Click here for details.
Balboa Capital is a well-known company in the business loan market. Located in Irvine, CA, Balboa has been helping borrowers get the funds they need to start or grow their businesses anywhere in the US for nearly two decades.
Business owners looking to get a loan have two primary choices: small business loans or equipment leases. For either option, the process is simple:
Once those two steps have been completed, an account manager from Balboa Capital will contact the prospective borrower - often within a matter of minutes, and almost always the same day - with a decision on the loan. If approved, equipment financing is typically funded on the same day, and business loans are funded within a few days.
While Balboa Capital's site doesn't make their interest rates obvious or easy to find, we calculated on our sample loan described above that the interest rate would be somewhere around 60%! We highly recommend that prospective borrowers make sure to be very exact with their businesses' details (for example, years in business, total revenue, credit history) and to read the fine print, to make sure that any loan terms offered by Balboa Capital are reasonable, given the difficulty in determining outright what interest rates and fees might be expected.
We're encouraged to see that Balboa Capital maintains a perfect A+ rating with the Better Business Bureau, and an excellent rating across 72 reviews gathered by Trustpilot. Based on information offered by Balboa Capital's customers, we suggest that borrowers make sure to understand any origination fees, termination fees, and other costs, as some reviews express frustrations with unexpected costs in the fine print, especially for customers using Balboa's equipment lease program.
While we would have liked to see more transparency with Balboa Capital's interest rates and fees, their well-established history and excellent rating with the BBB make them a contender within the business loans market. As with any borrowing situation, customers should make sure to have a clear understanding of any possible fees and other costs before signing on the dotted line.
To help you find the Best Business Loans, TopConsumerReviews.com provides you with an in-depth Balboa Capital Review.
With all the difficulties in today's economy, many people are choosing to open their own business instead of working for a traditional employer. Whether you're just starting your business, expanding your already-established business, or even hanging out a shingle as an online company, it's likely that at some point you'll need a business loan to successfully meet your customer's needs and your business goals.
In the past, small business owners relied heavily on traditional brick-and-mortar banks in order to finance their business loans. Often that meant that borrowers had to rely on their own reputation and relationship with their local bank. Getting the lowest possible interest rate was also more challenging, since there were few lending options from which to choose.
Fortunately, business owners today can choose among many lenders to find the best terms and interest rates available. In addition to the old local options, small business borrowers now have much more and better choices through various lenders on the Internet that specialize in small business loans.
There are many factors that you should consider before selecting a lender for your business loan. Some of these include:
TopConsumerReviews.com has reviewed and ranked the best Business Loan programs available today. We hope this information helps you find the best loan for your small business at an affordable rate!
Business Loans In The News
All of those borrowers had their loans fully forgiven. But President Trump's education ... even failed institutions like the Minnesota School of Business, which shut down after a state court ruled tha...
Published: Sun, 11 Nov 2018 22:03:00 GMT
NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (the "Company" or "KREF" ) (NYSE:KREF) today announced the Company closed two floating-rate senior loans totaling $285.0 million in Novembe...
Published: Mon, 12 Nov 2018 02:50:00 GMT
Federal student loan default occurs after nine months without a payment. Late notices turn into collection calls, and your creditor - the government - can take you to court and even garnish your paych...
Published: Fri, 09 Nov 2018 16:24:00 GMT
Loans can go bad, remember Local business banks are seeing some commercial loans blow up for the first time since their balance sheets were wiped clean following the housing bust and Great Recession. ...
Published: Fri, 09 Nov 2018 12:51:00 GMT
EAST LIVERPOOL - A local couple will be able to open a new business in the former Crawford's Market, 628 Dresden Ave., after being granted an $80,000 loan by the city's Community Improvement Corporati...
Published: Sun, 11 Nov 2018 04:53:00 GMT
The non-performing loan provisioning coverage ratio is ... KPM KPM ANU ANU Download The Times of India News App for Latest Business News. (This story has not been edited by timesofindia.com ...
Published: Mon, 12 Nov 2018 04:01:00 GMT
With over 520,000 previously-unbanked clients that now have "Amiga Accounts" and a $70m loan book to finance microenterprises, Banco Guayaquil's "Banco del Barrio" is one of the pioneering and most co...
Published: Mon, 12 Nov 2018 05:00:00 GMT
The 34-year-old first-time business owner had opened the doors to The Pink Studio in February after she and her brother invested $40,000 of their own cash and took out a $100,000 loan from the Busines...
Published: Sun, 11 Nov 2018 20:00:00 GMT
NEW YORK, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Small business loan approval rates for big banks reached another record high in October 2018, according to the Biz2Credit Small Business Lending Index ...
Published: Thu, 08 Nov 2018 07:08:00 GMT
Moving to slide number 5, the rationale or reasons for our performance from a stock perspective and business perspective. We continue to have year-over-year increases in SBA 7(a) originated loan ...
Published: Thu, 08 Nov 2018 19:53:00 GMT
- View Full Site -
Reproduction in whole or in part in any form without the express written consent of TopConsumerReviews.com, LLC is strictly prohibited.