Balboa Capital

  www.balboacapital.com
  www.balboacapital.com
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Balboa Capital Reviews in Los Angeles, CA

Updated August 20, 2014
Updated August 20, 2014
38 Reviews
3.3
38 Reviews
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Patrick Byrne
24 Ratings

26 Employee Reviews Back to all reviews

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  1.  

    Challenging company but a good start for a sales career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Inside Sales  in  Irvine, CA
    Current Employee - Inside Sales in Irvine, CA

    I have been working at Balboa Capital full-time for less than a year

    Pros

    strong company growth, positive work environment, nice offices, centrally located in OC near all major freeways, quarterly meetings with good speakers and employee recognition

    Cons

    heavy demands on time based on the number of calls you need to make, but it means more money in my pocket because I can close more deals. There are lots of people on the phone in the same work area and it gets loud.

    Advice to ManagementAdvice

    Faster promotions from entry-level sales to the higher positions if you prove yourself to keep quality people happy.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Executive  in  Irvine, CA
    Current Employee - Account Executive in Irvine, CA

    I have been working at Balboa Capital full-time for more than a year

    Pros

    It is a good first job in the leasing and equipment financing industry

    Cons

    Call campaigns are out-dated. Salary and commission are very slim.

    Advice to ManagementAdvice

    Pay your agents better, make an effort to keep your good agents, pay them better

    Recommends
    Positive Outlook
    No opinion of CEO
  3. 4 people found this helpful  

    No career advancement opportunity..you are a telemarketer

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Executive  in  Irvine, CA
    Current Employee - Account Executive in Irvine, CA

    I have been working at Balboa Capital full-time for more than a year

    Pros

    Little supervision but with this comes no quality training. Reasonable cost of funds & can say you work for a 20 year old company but not much else good to say

    Cons

    You are not valued in anyway as employee. They do not care about you and basically just want to sell you on a "career" but there is no chance for one

    Advice to ManagementAdvice

    be honest with employees and customers. Stop rewarding your sales people who lie to customers and change contracts from one dollar buyouts to fair market value---which make more money for company---when you know it is a misrepresentation. Stop stealing leads generated by sales reps and having management keep them simply so a sales rep is not paid

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 2 people found this helpful  

    account executive--sales

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Executive  in  Irvine, CA
    Current Employee - Account Executive in Irvine, CA

    I have been working at Balboa Capital full-time for more than a year

    Pros

    Zero ethics. Two customer service reps and over 100 sales people. 95% of sales people last less than 8 months

    Cons

    Zero ethics and no training. Two customer service reps and over 100 salespeople---98% of sales people last less than 7 months. If you have any ethics don't go to work here. If you want short term employment & no career this is a good place. Eight sales people made over $60K in 2013. Marketing department lies & states they did a customer survey & had 98% customer satisfaction. We have never done a survey & think about how unrealistic 98% would be. Try calling customer service yourself & see if you get a live voice!!

    Advice to ManagementAdvice

    Take an ethics class. Leasingnews.org tells the truth about this company. Terrible pay, No 401K, no pension, terrible benefits. Management steals salespeople leads.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Great Entry-Level Career Option For Sales Professionals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Manager  in  Irvine, CA
    Current Employee - Sales Manager in Irvine, CA

    I have been working at Balboa Capital full-time for less than a year

    Pros

    Fast-paced and challenging work environment, good support for leads and marketing calls, company is growing and moving into new office space.

    Cons

    We need new office space because it can get loud with so many sales divisions on the same floor.

    Recommends
    Positive Outlook
    Approves of CEO

    Balboa Capital Response

    Mar 20, 2014Corporate Recruiter

    Great to hear that you are enjoying your sales position at Balboa Capital. Keep up the great work!

  7.  

    Young crowd and safe first job-- Account Executive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Account Executive  in  Irvine, CA
    Current Employee - Account Executive in Irvine, CA

    I have been working at Balboa Capital full-time for less than a year

    Pros

    The location ideal
    The office is nice
    Mostly young, out of college in their 20's
    Salary w/benefits + commission at base
    Room to move around if you start in one department and it's not for you
    If you are looking for finance and sales than this is a great if not the best place to start!

    Cons

    Long hours
    250 calls a day might not be for everyone

    Advice to ManagementAdvice

    All management should have the same rules for their teams in my opinion! But they all have their pro's and con's :)

    Approves of CEO

    Balboa Capital Response

    Mar 20, 2014Corporate Recruiter

    Keep up the fantastic work!

  8. 1 person found this helpful  

    Sales

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Executive  in  Irvine, CA
    Former Employee - Account Executive in Irvine, CA

    I worked at Balboa Capital full-time for more than a year

    Pros

    Sales is great because you can usually make a name for yourself if you produce

    Cons

    double edged sword, if you dont produce you can get canned

    Advice to ManagementAdvice

    Not bad, was heading to the right direction when i left.

    Recommends
    Positive Outlook
  9. 2 people found this helpful  

    Lots of cold calling, and by coincidence finding people interested in equipment leasing.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Executive  in  Irvine, CA
    Former Employee - Account Executive in Irvine, CA

    I worked at Balboa Capital full-time for less than a year

    Pros

    full medical benefits after 3 months. Credit repair system for businesses you contact who have bad credit. Young, supportive coworkers. Great location in Irvine. Managers I met in other offices seemed supportive, providing constructive criticism to coworkers. Beach days.

    Cons

    Lots of cold calling (200-260 calls a day). You can make the most calls in all of the offices and still not get any business to do equipment leasing or working capital. Management shows favortism, favoring those who are successful. Shady business practices by telling businesses they have been pre-approved to do business when they haven't. Company does not match 401k.

    Advice to ManagementAdvice

    don't show favortism to some employees. Take time to support those who are struggling to sell product. Give warning of firing to those on the fringe of getting fired. Be honest in business dealings.

    Recommends
    Positive Outlook
    No opinion of CEO
  10. 2 people found this helpful  

    Politics at its best

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Executive  in  Irvine, CA
    Former Employee - Account Executive in Irvine, CA

    I worked at Balboa Capital full-time for more than 3 years

    Pros

    good coffee
    nice professional location/office
    you get a wireless headset
    diverse workplace
    pretty girls
    everyone leaves around 3-4 on fridays
    casual friday
    $2500 per month. 30k salary no room for negotiating

    Cons

    training is only 3 days long! they throw you into the sharks after that..it seems nothing else matters but your call numbers at the end of the day. Lots of stuck up and self entitled people. They're are currently going through some growing pains, so things can get a unorganized at times. Sales cycle is way too long! commission structure is an industry joke! this industry is saturated and cut throat

    Advice to ManagementAdvice

    train your people better! do up-training at lunch or something. Stop with all the favoritism! Their motto and style is they don't like to "baby sit" anyone, meaning they will let you slip through the cracks and fail if you don't absorb all the information they give you. There is plenty of help if and when you ask (beg) for it. Their atmosphere is not very competitive. Hire a real Sales Trainer! to help anyone who's struggling. MAKE A SALES SCRIPT TO FOLLOW!!

    Recommends
    Neutral Outlook
  11. 1 person found this helpful  

    Balboa Capital takes care of employees who care about the Company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Irvine, CA
    Current Employee - Anonymous Employee in Irvine, CA

    I have been working at Balboa Capital full-time for more than 8 years

    Pros

    Great technology, fast paced, exciting, great location, classy work environment. At Balboa Capital, you get the corporate benefits of a large company and the entrepreneurial benefits of a small company. Managers lead by example.

    Cons

    No match on the 401K plan. Benefit provider has changed 3 times in the last 4 years. Makes it annoying to refill paperwork at the doctors office.

    Advice to ManagementAdvice

    Get more team members involved when creating a new product or rolling out a new policy, as there may be consequences that were not thought of once implemented.

    Recommends
    Positive Outlook
    Approves of CEO

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