Equipment Leasing Programs
From Balboa Capital
Balboa Capital understands the needs of small to mid-sized businesses.That’s why we offer a variety of special finance programs to help business owners manage their cash flow and equipment needs.We know that a small business often requires financing that is flexible and provides a tailored solution that makes sense for the business.
Most Common Leases Special Programs
Fair Market Value A Fair Market Value Lease may also be referred to as a True Lease. This type of lease provides several flexible options at the conclusion of the lease agreement. Typically the lessee will have the option to return the equipment to the lessor, renew the terms, or can purchase the equipment for the fair market value. Many customers that purchase equipment which tend to rapidly decrease in value select this type of equipment lease.
| | | | • Application-Only limits — Up to $75,000 | | • Full financials — $75,000 or more | | • Term lengths of 24 to 72 months | | • 100% financing available | |
Dollar Buyout A Dollar Buyout Lease may also be referred to as a Capital Lease. This type of lease guarantees the option to purchase the equipment for the amount of one dollar ($1) at the conclusion of the lease agreement. Customers that plan to keep the equipment at the end of the lease term typically select the Dollar Buyout option.
- Application-Only limits — Up to $75,000
- Full financials — $75,000 or more
- Term lengths of 24 to 72 months
- 100% financing available
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Wrap Lease If you are a current Balboa Capital customer and are looking to start a new lease with us, Balboa Capital can help you consolidate payments and save money. Our Wrap Lease enables you to close out your current lease and roll it into a new lease along with the financing of the new collateral.
- Application-Only limits — Up to $75,000
- Full financials — $75,000 or more
- Term lengths of 24 to 72 months
Business Expansion For businesses opening a new location as an expansion, Balboa Capital can offer equipment financing on an application-only basis up to $35,000 for this new location. The new location must be in the same line of business as the existing one and be in close proximity to the current location. The existing location must be operating under current ownership for a minimum of five years and Balboa Capital needs to be provided with the total financing amount required in order to open the new location. Financing above $35,000 is available upon submission of a full financial package (all terms are subject to final credit approval.) Certain industries may not qualify for the Business Expansion Program.
Refinance Program In addition to our customized leasing solutions, Balboa Capital offers a top-rated Re-Finance Program. Our minimum request is $10,000 and Balboa Capital must verify satisfactory pay history on subject equipment being refinanced. This program applies to hard collateral only. No software, leaseholds, soft costs, or obsolete collateral will be considered (all terms are subject to final credit approval).
- Application-Only limits — $10,000 to $75,000
- Full financials — $75,000 or more
- Term lengths of 24 to 60 months
New Business Balboa Capital is able to provide financing to businesses operating for less than two years under our New Business Program. Businesses operating less than one year, can qualify for equipment financing up to $15,000. Businesses operating between 12 months and 23 months can qualify for financing up to $20,000. Personal information and guarantees are required from all owners and standard credit requirements must be met. Standard documentation is required as is mandatory Direct Debit/ACH payments (all terms are subject to final credit approval.)
- Application-Only limits — $5,000 to $20,000
- Term lengths of 24 to 60 months
- Automated Clearing House (ACH) / Debit
Sale Lease Back If you have recently paid cash for some new equipment, Balboa Capital can offer you cash for the equipment and convert your purchase into a lease. This is called a Sale Lease Back. If you have paid for the equipment within the last ninety days, Balboa Capital can help you recoup your investment in the equipment and allow you to make low monthly payments. Certain credit guidelines must be met and certain documentation such as invoices and proof of payment must be provided as well.
- Application-Only limits — $5,000 to $75,000
- Full financials — $75,000 or more
- Term lengths of 24 to 60 months
Working Capital Balboa Capital offers Working Capital loans up to $25,000. The amount is available when a Working Capital line is established in conjunction with a new lease. The Working Capital must be essential to the utilization of the equipment that is being leased. Stand-alone Working Capital loans are available in amounts up to $20,000. Personal guarantees are required and standard credit guidelines must be met. Businesses established for three to five years can qualify for a Working Capital loan of up to $15,000, and businesses established at least five years can qualify for up to $20,000 of stand alone Working Capital financing (all terms are subject to final credit approval.)
- Application-Only limits — $ 5,000 to $25,000 (in conjunction with financing)
- Application-Only limits — $5,000 to $20,000 (stand alone)
- Maximum term of 36 months
Learn more about which option is best for your business. Contact us or complete our
no-obligation application and one of our account managers with work with you to find the best option for your business.