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Equipment

Balboa Capital review.

Balboa Capital is one of the largest independent equipment lessors in the U.S. with strong vendor relationships.

Loan range
$2K – $500K equipment; up to $250K working capital
Speed
Same-day decisions
APR / Fee
Equipment factor 1.05 – 1.30
HQ
Costa Mesa, CA · est. 1988
Best for

Equipment financing for trucking, construction, medical, and restaurants.

Watch out for

Origination fees and doc fees can add 2–4% to landed cost.

Pros
  • +Deep equipment expertise
  • +Vendor program network
  • +Fast decisions
Cons
  • –Lease vs. loan structure can be confusing
  • –Origination/doc fees
  • –Limited working-capital product
Alternatives to Balboa Capital
Crest Capital
$5K – $1M equipment
Currency Finance
$5K – $500K
National Funding
$10K – $500K
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