The holiday season is a money-making time for your small business. Check out our holiday marketing tips infographic to learn how to promote your small business during the holidays. Also included are some interesting facts and figures about holiday shopping.
Skip to content. Vendor Login Customer Login. COVID business resources page. Take Me There. Balboa Capital is here for you. Big lending power. Small business funding in three simple steps. Our management team and employees are extremely busy serving the needs of our customers. That said, we think it is very important to connect with our peers.
We do this by being actively involved in national-level organizations, local business associations and industry-specific groups.
These affiliations allow us to make valuable professional contacts and stay on top of the latest developments in the financing industry.
Our executive team Meet the executive team that leads Balboa Capital. Balboa Capital in the news Catch up on our latest company announcements. Skip to content. Vendor Login Customer Login. About Us Balboa Capital has helped thousands of business owners and equipment vendors grow their companies. We are transforming small business lending. SBG Funding , for example, requires a credit score of only , but it has repayment terms of up to 60 months.
Balboa's loans are unsecured , which means you aren't required to offer up collateral. However, you may have to provide a personal guarantee, which means that if your business fails to pay back the loan, the lender can come after your personal finances for repayment. Did you know? Even if your credit score has taken a hit, you can still get a small business loan. That said, be careful not to take out a loan that is too costly or has too long of a term.
Balboa doesn't list the paperwork it requires for loan approval, but you should expect to have your business bank statements and other financial information on hand. Financial statements, tax returns and a business plan are all standard requests from an alternative lender. While Balboa doesn't list the specific rates for its loans, it's easy to gauge the loan structure, terms and amounts.
The lender provides an online loan calculator to give you an understanding of what your monthly payments will be. The company can lend in all 50 states. However, it won't lend to some types of businesses, such as those in the gambling and aviation industries. So, before you move forward, it is important to make sure Balboa works with businesses in your industry. Key takeaway: Balboa Capital makes it easy to get a small business loan by approving borrowers with credit challenges and walking you through the process of getting a loan.
Plus, this lender won't lock you in for years. Balboa Capital is willing to work with borrowers whose credit scores may have taken a hit. This lender understands that mistakes happen and a lower credit score doesn't necessarily mean your business is doomed. We like that Balboa Capital considers your complete financial picture rather than focusing on a single aspect. Balboa Capital doesn't require collateral on its small business loans, so borrowers have one less thing to worry about.
This is refreshing, given that Balboa Capital is taking on increased risk in issuing these loans. Balboa Capital's small business loans have repayment terms of between three and 18 months. We like those shorter terms, because longer-term loans are often more costly. Plus, you don't want to be stuck paying off a loan long after it's lost its value.
You can contact Balboa Capital during normal business hours by phone, live chat or email. Balboa's website also includes helpful resources, such as financial calculators, a blog, infographics and whitepapers.
0コメント