business loans online

Bank Reject Your Business Loan? There Is An Alternative

You put together a complete loan package for your small business. Your loan application, business plan, financial statements, income tax returns, bank statements and legal documents were all given to your bank for review. Then, after waiting days or perhaps weeks, you were notified that your loan was not approved. If this sounds familiar, you are not alone. A high percentage of small business owners are finding it difficult to get business loans. However, there is an alternative. Independent financing companies offer online lending platforms to help business owners get the cash they need quickly and easily. This Balboa Capital blog article explains why alternative loans are fast-becoming the preferred option for small business owners nationwide.

Apply Online, Anytime
We don’t need to tell you how much time and effort are needed to own a small business. Your laundry list of responsibilities includes business planning, supervising employees, customer service, accounting and marketing, among many others. With your busy schedule, you can’t afford to waste time when trying to secure financing. Alternative lenders make the entire process easy and efficient so you can focus on running your company. You can apply for your loan from any computer, tablet or mobile device, and the application process is far less involved than that of a bank.

Fast Approvals
One key benefit of working with an alternative lender is the fast approval time. Once you submit your online loan application, sophisticated technology is used to analyze your information and produce a credit decision. In the event that you receive a favorable credit decision, you will have access to funds in several business days. Obviously, loan approval time and speed of processing will vary based on the alternative lender you decide to work with.

Quick Access to Cash
As mentioned above, you can get money quickly from an alternative lender. This is a tremendous benefit if your company doesn’t have enough working capital for its immediate business needs. Common challenges of business owners include fluctuations in the economy, equipment malfunctions and harsh weather, all of which can impact the bottom line. Because traditional banks aren’t equipped to structure and deliver loans in a matter of days; alternative lenders are a good option if you need cash right away.

Balboa Capital hopes that you found this blog post to be informative and helpful. We recently made significant investments in technology to provide a faster, easier and more efficient financing experience. One-page applications, instant credit decisions and rapid funding highlight our small business loan program. You can secure up to $150,000 with basic information, and up to $2 million with a full financial package. Plus, there are no restrictions on how you can use your loan. Take advantage of our alternative lending products today.


How Mobile Technology Is Changing The Marketing Landscape

Remember the days when you could market your small business by hanging a sign on your door, passing out business cards, and running a local print advertisement or radio commercial? Oh how times have changed. In today’s business world, traditional media such as local newspapers, cable television and direct mail is being outpaced by new media channels. Websites, social media, email campaigns and online advertising are helping small businesses like yours connect with customers, vendors and prospects. Another way to build your brand and stay ahead of the competition is to use mobile technology. This Balboa Capital equipment leasing blog article discusses how mobile technology is revolutionizing the marketing landscape.

By The Numbers: Mobile Usage in the US
Mobile usage in the United States shows no signs of slowing down. 65% of American adults own a smartphone and 43% own a tablet. Additionally, consumers are surfing the Web, checking email, using apps and making online purchases on several Internet-enabled devices. In a January 2015 market review of digital trends, GlobalWebIndex reported that 80% of Internet users own a smartphone, 47% own a tablet, 34% own a smart TV, and 9% own a smart watch.

But First, Is Your Website Optimized For Mobile?
Having a mobile-optimized website is a necessity if you want to provide a good user experience to your customers and prospects. All of your website’s content, submission forms and shopping features need to work seamlessly across all mobile devices and browsers… without the need for resizing, panning or extensive scrolling. When optimizing your website for mobile, make sure it aligns with your company’s growth goals and consider these factors:

  • Who are the primary customers you want to reach?
  • What types of functionality do you want to incorporate?
  • How will your website content look on mobile browsers?
  • Will your mobile content help you drive leads and/or sales?

Mobile Advertising Strategies
Small businesses that do not have large-scale websites, or a longstanding web presence, typically lack high organic keyword ranks on Google, Yahoo, and Bing. However, there are a number of cost-effective ways for small businesses to promote their products or services online, and with an emphasis on local search. These include geographically targeted pay-per-click advertising, optimizing web pages for local search, and listing your company on Google Places, Yahoo Local, Bing Local, Yelp, Merchant Circle and, among others. Having a Facebook business page, Google+ business page and Twitter account can also help you drive traffic to your website. Additional mobile strategies include mobile coupons and targeted email campaigns.

Mobile Marketing Trends
Keep an eye on mobile marketing trends because some of them are becoming quite popular among consumers and small businesses alike. Mobile payments are gaining significant traction; the technology has been embraced by some of the largest retailers and credit card companies in the country. Mobile payments make the buying experience easier for customers, whether in a brick-and-mortar store or online. Next, Internet-enabled watches, dubbed “smartwatches,” are expected to feature targeted advertising and messaging, making them tiny billboards on your wrist.

If you want to stay ahead of the curve, consider investing in mobile marketing and updating your website so it is mobile-friendly. Doing so can boost your online awareness and help your intended audience find your products and services quickly. Launching any marketing initiative requires capital, and we can help. Balboa Capital specializes in small business loans, and we can provide you with the cash you need quickly and with minimal paperwork. Submit your online business loan application now to get started.

business taxes

Use Your Tax Refund To Grow Your Small Business

Tax season is one of the busiest and most stressful times of the year for small business owners. It involves an immense amount of time and effort to get all of the necessary paperwork together. CNBC reported that half of small businesses in the United States will spend at least $5,000 to come to terms with their tax bills. If you run a small business, the best thing you can do is present your accountant with organized financial statements, receipts, expense reports, etc. Doing so can help you maximize your tax deductions. Now that Tax Day 2015 has passed, many small business owners are looking at tax refunds. If Uncle Sam is sending you a tax refund, you might want to use it to grow your small business. This Balboa Capital small business blog post looks at three ways you can invest in your company.

Mobile Technology
Small businesses are using smartphones, tablets and other types of mobile technology to assist with a variety of functions. A recent survey conducted by the Small Business and Entrepreneurship Council reveals that 74% use it to manage social media marketing, 71% for email marketing, 34% for mobile websites and 18% to manage operations. Now is the time to embrace mobile technology, because it gives you and your employees the ability to manage things quickly, and with greater cost-efficiency. Popular mobile technologies in 2015 include point-of-sale (POS) software, mobile credit card processing, and customized small business apps.

Cloud-Based Technology
Advances in cloud-based technology are changing the way small businesses operate. As you know, the cost to purchase and maintain office equipment such as computers, monitors, software, printers and servers can chip away at your bottom line. Moving software and certain IT functions to the cloud can reduce your expenses and enable you and your employees to work with more mobility. There are cloud-based services available for a whole host of small business tasks, such as data storage and document sharing, and they are scalable. You can easily upscale or downscale your cloud computing requirements based on your company’s needs.

Cybersecurity Solutions
Just because you run a small business doesn’t mean you can hide from hackers who want to compromise your website. In today’s world, cyber thieves from all over the world scroll through the Internet looking for vulnerable websites. A cyberattack, computer virus, or internal security breach would turn your small business upside down and result in decreased productivity, lost revenues and frustrated customers. Investing in cybersecurity solutions can help protect your company’s online infrastructure from malware, spyware, worms and more. Commonly used solutions include data loss prevention (DLP) software, hardware firewalls, software firewalls and antivirus software.

Start Preparing for 2016
If you manage your tax-related paperwork throughout the year, you won’t need to rush to get everything ready at the last minute, which can result in costly mistakes. All you need to do is establish an organized bookkeeping system with accurate records and receipts, and update it as needed. It’s a great way to prepare your company for a successful and stress-free 2016 tax season.

Balboa Capital hopes you found this small business blog post to be helpful. If you are planning to use your 2015 tax refund to acquire new or used equipment, we can help. Balboa Capital specializes in equipment leasing, and we can provide you with same-day funding. Try our free equipment leasing calculator to see how affordable it is to finance equipment.

trade show blog

Recap: The 2015 ATD at NADA Convention

Former NFL greats Joe Montana and Jerry Rice, former Florida Governor Jeb Bush, and comedian Jay Leno highlighted the star-studded 2015 ATD at NADA convention and expo last week in San Francisco. This year’s event took place over a four-day period at the historic Moscone Center. Balboa Capital was an exhibitor at this year’s show. We had a large booth on the North floor with five commercial vehicle financing managers and a member of our vendor marketing team, each of whom networked with our existing dealer partners and prospects. This Balboa Capital equipment financing blog article features an overview of the event.

Cars, Trucks, Dealers and More
The ATD at NADA convention and expo is one of the premier automotive and specialty vehicle events of the year for dealers. At last week’s show, major truck manufacturers and hundreds of exhibitors showcased the latest equipment and technologies the industry has to offer. There were a number of informative workshops designed to help dealers grow their businesses. The workshops covered a variety of topics, including social networking, digital marketing, cash/asset management, dealership culture, and cybersecurity.

The Event in Pictures
Thousands of people attended the 2015 ATD at NADA convention and expo, and everyone had a great time. Truck manufacturers, exhibitors, dealers, business managers and consultants from around the country networked with one another throughout the day and into the evening at various events. The event was never short on entertainment; it featured lots of live music and award presentations throughout the day. Our commercial vehicle dealer financing team took photographs at the event, many of which are featured on Balboa Capital’s Pinterest page.

Shift Your Commercial Vehicle Sales into Overdrive
Balboa Capital works with commercial vehicle dealers throughout the US. We help them increase their sales with our industry-leading dealer financing program and online sales management system called Portal360. When you become a dealer partner of Balboa Capital, you’re taking the necessary step needed to get your commercial vehicle business on the road to success. Get started now by submitting your online dealer application through our website.

Lastly, we look forward to seeing everyone at next year’s ATD at NADA show in Las Vegas, Nevada.

balboa capital new website

Balboa Capital Launches New Website

Balboa Capital is pleased to announce the launch of our all-new website last week. We redesigned our website to provide users with a faster, easier and more secure way to apply for financing from any computer, laptop, tablet or mobile phone. Balboa Capital’s new website has the same great financing calculators and interactive tools that set us apart, and they have been updated with a fresh new look and improved functionality.

You Asked. We Delivered.
We listened to the suggestions and requests of our customers and equipment vendor partners and streamlined our new website to provide them with a better online experience. Users accessing financing information, calculators, and online application forms can find them quickly with streamlined navigation and content-rich categories for each of the industries and markets we serve.

Balboa Capital is a technology-driven financing company; we are committed to remaining at the forefront of our industry and adapting to new ways of doing business through innovative web-based technologies. We hope that you enjoy using our new website. We will be regularly updating it with helpful business information, blog articles, whitepapers, infographics, company announcements and case studies in our video testimonials section.