Equipment Vendor Financing FAQ

Simply put, vendor financing is a the process of lending money to a customer to purchase or finance equipment, vehicles, software, etc., that the vendor sells. This added convenience enables small business owners to obtain equipment without having to leave the vendor’s showroom or lot, as everything is handled by the vendor. Most vendors work with lenders who specialize in equipment financing to facilitate their customers’ transactions.

When you have a customer who is ready to make their purchase, the last thing you want is for them 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 really appreciate. It can help you sell more equipment in a quicker manner.

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 to those who do not have a large amount of money to pay upfront. The end results are more sales, bigger profits, and happier customers.

It’s easy. All you need to do is submit a simple online equipment vendor partner application that will be verified and reviewed immediately. Then, one of our vendor financing managers will call you to discuss our program and answer any questions you have.

No. It will not cost you anything to become a Balboa Capital vendor partner. In addition, we do not require you to sign a contract.

Yes. We look for equipment vendors who have been in business for at least five years and have annual gross revenues of $1 million or more.

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

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

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

Private label financing is a branded service offering that equipment vendors can offer to their customers. Equipment vendors partner with lenders that offer private label programs. The programs typically include online applications, website landing pages, and other marketing strategies that feature the vendor’s logo and branding attributes.