Working Capital Loan FAQ

What Is a Working Capital Loan?

A working capital loan is a form of unsecured debt that can be used for a variety of business purposes. Working capital loans are chosen by many businesses over bank loans due to having a higher approval rate. This is a simple way to secure funding without having to wait weeks for a decision, and your company can receive capital in just days after approval. Business owners choose working capital loans to get fast cash to move forward quickly.

How Much Funding Can My Business Receive?

We offer working capital plans of up to $250,000 with basic information, and up to $2 million with a full financial package. One of Balboa Capital’s financing professionals will determine the best business loan solution for your company. Your amount will be based on your company’s financing needs.

How Can I Qualify?

Qualifying for a working capital program is much easier than trying to get a bank loan approved. Many businesses that work with us have been operating for at least 12 months, have no large tax liens and have not filed for bankruptcy. Certain types of businesses, including adult entertainment,  sexually oriented businesses and 100% internet-based businesses (no physical location) are ineligible.  Our programs do not require extensive collateral or lengthy paperwork, and our team works diligently to provide fast credit decisions and funding.

What Can Working Capital Loans Be Used For?

Working capital loans are often used to fund many different aspects of a business. Previous customers have used their loans for a variety of purposes, such as funding payroll or taxes, advertising and marketing, expansion, and even purchasing new inventory. Working capital solutions have countless helped businesses get ahead of their competition as well.

What Other Types of Funding Solutions Does Balboa Capital Offer?

Balboa Capital offers small business loans, merchant cash advances and flexible business loans. Depending on what your company needs most, a working capital loan might be more beneficial than a merchant cash advance, or vice versa. One of our business loan experts will help you pick the best program for your business.

How Do I Apply?

Since we know our customers are busy running their businesses, we have a small business loan application that takes only minutes to complete. After you fill out and submit your online application, we will contact you for more information about your company and its operations. Once approved, we will help you select the most appropriate working capital solution.