Equipment Vendor Financing FAQ

Get answers to frequently asked questions about vendor financing.

Questions about equipment vendor financing? We have answers.

What is equipment vendor financing?

Equipment vendor financing is the process of lending money to a customer to finance equipment, vehicles, software, etc., that the vendor sells. This added convenience enables small business owners to obtain equipment without leaving the showroom or lot, as the vendor handles everything. Most vendors work with lenders specializing in equipment financing to facilitate their customers’ transactions.

How can financing help my vendor business?

When you have a customer ready to make their purchase, the last thing you want is to shop around for funding. This takes time and can result in you losing the sale to a competitor. Offering in-house financing to your customers is a value-added convenience they will appreciate. In addition, it can help you sell more equipment more quickly.

Is vendor financing a good idea?

Absolutely! Some of the most successful equipment vendors in the United States are the ones that offer in-house financing to their customers. Vendor financing offers more payment flexibility to your customers, particularly those who do not have a large amount of money to pay upfront. The results can be more sales, more significant profits, and happier customers.

How do I become a Balboa Capital vendor partner?

All you need to do is submit a simple online equipment vendor partner application. If your application is approved, one of our vendor financing managers will call you to discuss our program and answer any questions.

Does it cost anything to become a vendor partner?

No. It will not cost you anything to become a Balboa Capital vendor partner.  

Are there minimum volume requirements?

Yes. We look for equipment vendors with $300,000+ in monthly volume.

How do my customers apply for financing?

They can use our convenient equipment financing application that is on our website. In addition, if you become a Balboa Capital vendor partner, you will also be able to submit applications through Portal360™, our industry-leading online sales management system.

How long until I get paid?

Fast turnaround times are what Balboa Capital is known for. We offer same-day funding for approved deals, and once the equipment is delivered and accepted, you can expect to receive a payment within 24 hours.

What vendor industries does Balboa Capital work with?

Balboa Capital works with equipment vendors in just about every business industry. These include construction, cloud software, HVAC, technology, office products, hospitality, and more.