Reviews

Review Details

• Review fromRICARDO M

  Date: 03/28/2025

  1 star
  They have hidden fees on their contract that they wont explain until you . ******* from Balboa was the *** that lied to us , I am currently trying to open a lawsuit against this company .

• Review fromRebecca F

  Date: 12/10/2024

  1 star
  Joining the chorus of negative reviews here to share that Balboa is a difficult and unkind company in my experience. Prior leadership of our company made the regretable decision to go into contract with this company for a business copier. The unbreakable contract came with enormous, unspecified fees and when the contract came to an end, we are being forced to pay thousands for the return and inspection of a machine that we have already paid $10,000 for over the past five years.

• Review fromJason B

  Date: 10/07/2024

  1 star
  ******** company to finance your equipment through. We are more than halfway through our payments and our payment is due on the first. If we haven't paid by the second, they call us every day and send us emails threatening to repossess the vehicle.. **************** is horrible. Bad experience throughout.

• Review fromChristopher Y

  Date: 09/19/2024

  5 stars
  Not sure why Balboa has negative reviews, but I can tell you from first hand experience that I had an excellent experience interest rate wise and service wise from *******************************, Senior Iso Manager. ******* and his team have a great intuitive portal. My client was approved in hours, but had to make sure all invoices for the equipment numbers matched. That's standard practice and my client was purchasing over 10 items for $90,000 in the medical field.I even got under the radar and they financed Wayfair. I tip my business hat to ******* for having the patients during the entire transaction.

• Review fromstephen s

  Date: 09/01/2024

  1 star
  Stay away from this place. Borrowed $30,000 from Balboa at the equipment dealers suggestion. I was told by Balboa, both verbally and by email that there was no penalty or fee for an early payoff. When the payoff amount was requested, one week after the loan opened, I owed $37600 dollars to satisfy the loan. They charge the full interest of the length of the loan upfront. The interest rate was supposed to be 5%. The $7600 extra is more like 30%. They flat out refuse to send an ammortization sheet for the loan. The payoff quote was a simple email with an amount on it and a disclaimer that this may not be the total amount owed. Called customer service three times and could not get a single employee to send me a breakdown of the total amount I owed. Predatory lending practices. There is no truth in lending with Balboa. We have a small farming operation, $76xx is a considerable hit. After reading all of the terrible reviews here, of people having the same problems with Balboa, we paid off the loan or so we think for now.

• Review fromRaul G

  Date: 08/26/2024

  1 star
  I had a highly disappointing experience with Balboa Capital Corporation. Initially, they promised great terms, emphasizing that their loans were straightforward with no hidden fees or penalties. However, after signing the agreement, I discovered that they had buried several critical conditions in the fine print.One of the most misleading aspects was their claim that there was "no prepayment penalty." What they failed to mention upfront was that if you decide to pay off your loan early, they require you to pay not only the remaining balance but also the interest for the entire term of the loaneven for the period after you've already paid it off! This essentially penalizes you for paying off the loan early, despite their claims to the contrary.Their approach feels deceptive and untrustworthy. While the initial presentation may seem attractive, the hidden terms and lack of transparency ultimately make this lender one to avoid. Be cautious and make sure to thoroughly review every detail in their terms before committingespecially the fine print.

• Review fromMichael B

  Date: 08/23/2024

  1 star
  Extremely unprofessional. They call me often and I usually send to voice-mail. I noticed the number calling was a local number so I answered. The man began telling me they have lower rates,I said to him that I asked them to not call me. The man immediately snapped "You never told me anything so don't start getting a Fuc$%ng attitude with me" I was so angry that this man calling for my business thought that cursing at me for telling him I previously requested they not call,was the best professional course of action to aquire business. I would never ever use that company. I was considering taking out a loan for additional equipment but never with someone like that. It screams scandalous loud and clear. Go somewhere else and deal with professional staff and hopefully you won't have to deal with someone like that person.

• Review fromNed N

  Date: 07/28/2024

  1 star
  Collection Supervisor at Balboa Capital did not respond to my emails and phone calls. After I sent proof of this lack of communication apparently it was not appreciated. My communication had to do with my request for early payoff of equipment I was financing. This information was never forthcoming and as I was falling behind on payments.This caused issues where I lost the buyer while Collection Supervisor at Balboa Capital for some unanswered reason continued to raise the payoff amount. Next to this fiasco they filed a lawsuit against my company, and in the process damaged our credit.All this was done because of personal issues and not business matters. To me this is very unprofessional.

• Review fromCynthia L

  Date: 06/17/2024

  1 star
  In 2016 our church acquired a 48-month lease to pay $18,000.00 for the purchase and installation to replace rooftop air conditioners. The original lease contract balance is $30,113.76 to fund. This amount and more was paid in full in 2020. Balboa Capital continues electronic withdrawals of $785.16 dollars from the church's account. We have paid on this account 90 months with the most recent payment made on June 7, 2024. I cannot believe this practice is legal. This is predatory and excessive. How can it be legal? I have tried to discontinue recurring ACH payments but there is no place on the website even though the church's contract status shows current balance is $0.00 and no payments are left. Please, don't do business with this company the money is not worth the unethical practices. There should be laws against what they have done to our church.

• Review fromSean G

  Date: 01/29/2024

  1 star
  Shady company with reps who will lie and mislead about fees, then hide charges into contract language despite assuring you that it means something else.I worked on a $75*********** financing lease with *********************. When we first began conversations, I asked him point blank if there were any additional fees for the loan other than the interest payments. He told me no. He said that I had to pay an initial deposit to cover the initial payment towards the loan. I did. Afterwards, I was told that my initial payment of $8k+ didn't even go towards covering the loan. His response: "This is standard in corporate loans." It definitely is not. When I tried to speak with a supervisor, I was told to contact customer service. I will never do business with them again and I recommend anyone against using them.