Lowest Equipment Loan Payment
Our goal is to get you an equipment loan with the lowest monthly payment.
Get the lowest equipment loan payment
Other business lenders talk about offering the lowest equipment loan payments, but Balboa Capital is willing to put money on it. We guarantee that we will beat the lowest price of any competitor for the same equipment loan, or we will make your first payment. It is our Lowest Payment Pledge. Balboa Capital is a small business lender that prides itself on providing customers with competitive rates, flexible payback terms, and five-star customer service. Our Lowest Payment Pledge is another way we put you first.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
- Application-only for hard collateral up to $500,000
- Application-only for soft collateral up to $350,000
- If approved, same-day funding is available
- Easy online application
- One-hour approval decisions during regular business hours
- Flexible terms available
- Competitive rates
Equipment financing in 3 easy steps.
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Submit a simple online application.
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Get a prompt decision during our normal business hours.
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If your application is approved, funds will be provided fast.
What we look for.
Minimum of one year in business
$100,000+ in annual revenue
FICO® score of 620 or more
These are some of our minimum lending requirements, and meeting them does not constitute approval.
Should you apply for equipment financing, additional lending criteria will determine if you qualify.
Terms and conditions.
In the unlikely event that you find a lower monthly equipment loan payment amount from a competing company that is lower than the monthly loan payment offered by Balboa Capital for the same equipment, and pursuant to the same terms, Balboa Capital will verify the validity and accuracy of the options, terms, and vendor quote from the competing lender.
Balboa Capital has the option, in its sole discretion, to either beat the competing lender’s monthly payment or make the lessee’s first payment up to the amount of $500. In addition, the lessee must provide Balboa Capital with the competing company’s signed contract with payment terms/options, and take delivery of the equipment.
Must be apples to apples comparison.
Comparisons must be based on an equipment loan in excess of $10,000, for approved new or used business equipment, and with the same terms and conditions as those offered by Balboa Capital.
To be eligible, customers must provide a competitive equipment financing quote without contingencies, with a vendor invoice, and in the name of the lessee within seven calendar days of the date Balboa Capital issues its terms. The guarantee is only valid on competitive equipment contracts. Equipment finance agreements do not qualify.
Eligibility requirements.
The Lowest Payment Pledge Guarantee is available to both new and established customers of Balboa Capital. This offer is valid for new equipment financing applications only. This policy is not retroactive. A previously funded equipment financing deal with Balboa Capital is not eligible for the Lowest Payment Pledge Guarantee.
Only non-contingent offers of loan terms from 24 to 60 months are eligible. Offers made to the lessee that includes subsidization by manufacturers or vendors will not be considered in comparing competing offers.
Notifying Balboa Capital of a claim.
You must contact Balboa Capital within seven calendar days of the date Balboa Capital issues its terms. The lower payment must be available when you contact us, as determined by your sales representative. All requests are subject to verification by Balboa Capital.
We will not accept screenshots or other purported evidence of a lower payment amount that cannot be independently confirmed by Balboa Capital personnel. Nor will it verify any request that we believe, in our sole discretion, is the result of a printing or other error or is made fraudulently or in bad faith.
Changes and modifications.
Balboa Capital reserves the right in its sole discretion to modify or discontinue the Lowest Payment Pledge Guarantee or to restrict its availability to any person or business at any time, for any or no reason, and without prior notice or liability to you.
The terms that are in effect at the time of your claim will determine your eligibility. The failure by Balboa Capital to enforce any provision of these Terms and Conditions shall not constitute a waiver of that provision.
Learn more about equipment financing with Balboa Capital.
Equipment financing overview
Easy online application, fast funding, and more.
Equipment financing calculator
See estimated payments based on different scenarios.
What is equipment financing?
This is a helpful guide to equipment financing.
