Balboa Capital

Thank you! This is the kind of help that small businesses need every now and then to survive in this harsh economy..

I purchased 2 used work trucks. After paying cash I decided to finance in order to replenish my cash. Other than taking a month to complete the funding I was very happy to work with Tye Malcolm. After we complete this contract I will be approaching them for future needs.

Thank You,
Howard Richter.
Sierra Remodeling And Home Builders.

Very easy and pleasant experience. Everyone I spoke with was friendly and helpful. Will definitely be at the top of my list for any future financing needs.

Customer service rep was great! Very helpful, polite and considerate. Made it an easy and smooth transaction.

Was a pleasure to be with Mark from Balboa capital Very informative and patient will come back for my next investment

This broker misleads their clients with "Bait and Switch schemes" and use contracts to hide their wrongdoing. This corporation is a broker and not a bank. They are also known as Ameris Bank but they don't service the loans. The actual loan ended up being serviced by Amur Equipment Finance out of Nebraska. The scheme started with a telemarketing call from an account executive called Matthew Kruger to which he guaranteed a competitive interest rate of 6.6% to 7% in providing a 5-year loan. See the text picture from Matthew. Balboa ended up adding a Per Diem charge of.*******% to the monthly payment. The monthly payment actually put the interest rate at 13.423%. My business credit is A-rated so I would have never taken this loan if Matthew would have been honest.
I addressed the issue with a Branch Sales Manager Brendan Gibbs to which he continued to defend what is Predatory lending and issued no resolution. Unfortunately, I'm now in a legal battle with this shady brokerage firm.

I hope this review will help people decide for themselves.

They worked hard for me to finish getting our equipment. They overcame the obstacles work through them. Christion Roat return my calls in a timely fashion. What more could you ask for.

I purchased 4 espresso machines for my restaurants; the transaction was smooth and efficient. Communications was timely and the whole process took only a couple of days.

The application online was simple. The entire process was finished in less than 1 week. I felt very comfortable with the process. My representative was easy to communicate with.

Great experience and timely response. Ryan and Geoff and all parties were easy to work with. Time schedule was met and all challenges were resolved.

Balboa is a deceitful company!
Do not trust anything they say!
Lie after lie
Especially if they tell you to give them your social security number for a Buisness loan

Miguel made an equipment purchase straight forward and was extremely helpful keeping me informed during the whole process

My experience with Balboa was amazing. Rishi was utmost professional and pleasant person to work with.

I was informed that I'm approved but they can't finance the truck do to the owner of the truck had a bankruptcy. Wtf do you say to that. I'm buying the truck you're financing me not him. I had the owner call James him self talking about oh I just said that because what I promised moe a 4.5% finance rate but actually got 8% finance rate and that's why he didn't tell me the truth.

Lacking.
Lacking in communication, lacking in care, lacking in most areas for the most part.
Hopefully the current account/loan we have with you, we will see changes in the Communication. The first loan experience was LACKING.

I asked direct questions and the answers did not meet Balboas actions. I appreciate the lease, just wish I would get a straight answer. I dont think the bait and hook tactics are needed.

They were very helpful and worked with me on getting financed and would definelty work with this company again

Everyone was very helpful throughout the process. I would recomend them to anyone who needs financing.

The email responses were very fast, and possibly thorough to an accountant, but as a business owner, I had to reply to emails to pull the information I needed out from customer service. So I picked up the phone and with a short wait time, my questions were answered.

Ryan Gray and David White are two of the worst loan officers i have ever had! David was arrogant and rude i felt like he was lying to me didn't care about me or my business just wanted to get as high of an interest rate out of me as possible didn't care if a 2 year loan was bad for me. When he didn't meet an agreed a pond closing date he went off the deep end and yelled and threatened me about losing my $13,000 down payment.

To anybody reading this DON'T use Balboa for any financing bad company!

Not out front on terms and fees. If you decide to pay off early you will be charged the full interest amount of the total loan.

THIS IS THE WORST FINANCIAL COMPANY YOU WILL HOPEFULLY NEVER ENCOUNTER! NOT ONLY DO THEY CHARGE YOU FOR INTERIM RENTS ON EQUIPMENT, THEY STICK WITH YOU A 10% BUY-OUT CLAUSE, AND NOT TO MENTION THE PENALTIES IN THE "FINE PRINT!" THE BBB IS WELL AWARE OF THE SHENANIGANS! I CAN ONLY WISH I CAN GIVE A "NO-STAR" RATING!