What to Look for in a Financing Company
It goes without saying that small business owners have different criteria when it comes to selecting the best equipment leasing company for their needs. However, there are a few attributes that are consistent across the board, and that greatly influence the decision-making process. If you’re in the market for new business equipment and technology, Balboa Capital is here to assist you. Balboa Capital hopes the information below can be used to help you choose the best equipment leasing company for your business.
Is a large bank or financial firm better than an independently owned and operated company like Balboa Capital? It all depends on what your needs and expectations are. Many small business owners are concerned that their accounts might get lost at a large financing firm, or that they will be treated like a number. Additionally, small equipment financing companies might not instill confidence in business owners because they lack the manpower and resources to handle their business. Therefore, it’s a good idea to select a company that isn’t too big or too small, and that provides you with highly personalized service and support. One like Balboa Capital.
It’s no surprise that experience is a common criterion. If your financing company knows your business as well it knows equipment leasing, it will be a huge benefit. Imagine how much easier it will be if your leasing representative is familiar with the equipment and technology you want to finance, and can share industry-specific news and trends that may be of interest to you. Companies that specialize in equipment leasing, like Balboa Capital, afford customers the experience they want and deserve. Balboa Capital speaks your language, we understand your business, and we can come up with sound advice and financing solutions for your business’ needs.
Let’s now turn to results. Balboa Capital knows that every bank and financing company promotes their results; it’s what small business owners want to learn about. But did you know that approximately 8 out of 10 small business loans were rejected by the large banks last year? That’s because they have stringent loan approval processes. On top of that, applying for a loan at a traditional bank or credit union is a lengthy process that involves mountains of paperwork. We make it easy to get the funding you need to lease your business equipment. Equipment financing is much different than a bank loan, and you get your equipment without a financial statement.
Balboa Capital is confident that we are the best equipment leasing company for your business. Get started with us today by submitting your online equipment lease application.