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Balboa Capital review

Equipment Financing

Balboa Capital — now operating as Ameris Bank Equipment Finance following its 2021 acquisition by Ameris Bank — is a long-established lender focused on equipment financing for small and mid-sized businesses. It's built around speed: an online, application-only process with quick decisions, making it a fit for businesses that need to acquire equipment without lengthy paperwork.

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Hoss Capital may be compensated when you’re matched with or apply through some of the companies featured here, which can influence whether and where they appear. This is our independent assessment, not a complete list of every provider, and is not financial advice — always do your own research.

Key takeaways
  • Balboa Capital — now operating as Ameris Bank Equipment Finance after its 2021 acquisition by Ameris Bank — is a direct lender focused on equipment financing for small and mid-sized businesses.
  • Its application-only process with minimal paperwork and potential same-day funding makes it a fit for businesses that need to acquire equipment fast.
  • Rates and full terms are quote-based rather than published, loan minimums can be higher than some online lenders, and it's best suited to businesses with an operating history and stable revenue.

Balboa Capital at a glance

Balboa Capital is a long-running business lender that, since being acquired by Ameris Bank in 2021, operates as a division of the bank and now markets itself as Ameris Bank Equipment Finance. It built its reputation on equipment financing delivered with speed: a short, fully online, application-only process with fast credit decisions. For businesses in fast-moving industries — construction, logistics, manufacturing, and more — that turnaround can be the difference between landing and losing a job.

What Balboa Capital offers

  • Equipment financing and leasing — funding to acquire new or used machinery, vehicles, technology, and other business assets, with lease-to-own structures available for assets you may upgrade later.
  • Small business loans — short-term working capital for broader business needs.
  • SBA loans, vendor financing, and franchise financing — additional options, including programs for equipment vendors who want to offer financing to their customers.

How equipment financing works

With equipment financing, the equipment itself typically serves as collateral, which can make approval more accessible than an unsecured loan. Balboa Capital’s application-only process means many requests can be approved without extensive financial statements, and funds can be available quickly. Rates and terms are quote-based rather than published, so it’s important to review the full payment schedule and any fees before signing — and remember that terms can change.

Who it’s best for

Balboa Capital fits businesses with some operating history and stable revenue that need to finance equipment fast and prefer minimal paperwork. Businesses with strong credit that can wait may find lower rates through a bank or SBA loan.

How to decide

Because pricing varies by deal, it’s worth comparing a couple of offers before committing. The simplest way is to apply once through Hoss Capital — we’ll match you with Balboa Capital and comparable equipment lenders so you can weigh the real numbers side by side.

Pros
  • Application-only process for many equipment requests, with minimal paperwork
  • Fast decisions and potential same-day funding for qualifying deals
  • Specializes in equipment financing and leasing across many industries
  • Now backed by Ameris Bank, with access to SBA and other bank products
Cons
  • Rates and full terms are quote-based and not published online
  • Equipment loan minimums can be higher than some online lenders
  • Best suited to businesses with an operating history and stable revenue

Balboa Capital FAQs

What does Balboa Capital finance? +

Balboa Capital specializes in equipment financing and leasing — for machinery, vehicles, technology, and other business assets — and also offers small business loans, SBA loans, vendor financing, and franchise financing. Specific amounts and terms vary by product and can change.

How fast can Balboa Capital fund? +

Balboa Capital emphasizes speed, with an online application, quick credit decisions, and same-day funding possible for qualifying deals. Actual timing depends on the product, deal size, and documentation.

Is Balboa Capital a direct lender? +

Yes, Balboa Capital is a direct lender and a division of Ameris Bank, now operating under the Ameris Bank Equipment Finance brand. Hoss Capital is a matching service — we can connect you with Balboa Capital and comparable equipment lenders so you can compare offers.

Not sure if Balboa Capital is the right fit?

Tell us about your business once and we'll match you with the lenders most likely to approve a deal like yours — including alternatives to Balboa Capital.

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