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Balboa Capital

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Balboa Capital

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Balboa Capital Reviews

Updated Jun 14, 2021

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4.0
79%
Recommend to a Friend
90%
Approve of CEO
Balboa Capital CEO Patrick Byrne (no image)
Patrick Byrne
144 Ratings
Pros
  • "Organised and professional work environment(in 25 reviews)

  • "Good environment, positive atmosphere, well-trained manager(in 7 reviews)

  • Cons
  • "High turnover- Expected in Sales(in 11 reviews)

  • "starts off a little slower with making cold calls(in 10 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
    1. 5.0
      Current Employee, more than 1 year

      Environment is friendly

      Apr 29, 2021 - Help Desk Technician in Costa Mesa, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good management, employees here seem to be friendly, remote work.

      Cons

      Pay is ok. Could be higher

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    2. 2.0
      Former Employee, more than 1 year

      Making hundreds of calls a day to provide funding for working capital or equipment financing.

      Jun 14, 2021 - Account Executive 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      No education required, Nice office

      Cons

      Lack of communication, honesty, and deals tend to fall through at the last min.

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    3. 1.0
      Current Employee, more than 1 year

      STAY AWAY

      May 14, 2021 - Account Manager in Los Angeles, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Remote work that’s it. That’s only thing good about it

      Cons

      This company needs to invest more in leads. All of the applications that I put in were from my existing contacts. The leads they provided were very terrible. They do not assist you when you asked for help. They will leave you out there to fail. The training that they provided did not help to learn there horrible systems. The credit window they have is very tight. Balboa states that they are an A-E credit lender. But they are barely approving C credits. This company needs to loosen up all of their restrictions. I would not recommend them to anyone within this industry as a sales rep

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    4. 5.0
      Current Employee, less than 1 year

      Working at Balboa

      Apr 22, 2021 - Account Manager in Boston, MA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Plenty of sales tools, solid list of previous customers to call, management support is excellent. Interview process is very thorough as well as response time and feedback. HR and hiring managers do an excellent job of staying involved in the process! Competitive pay/commission plan within industry.

      Cons

      None at this time that I have encountered.

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    5. 4.0
      Current Employee

      Great company to work for with great onboarding service

      Feb 10, 2021 - Account Manager in Santa Ana, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Was given a full him office and remote work station

      Cons

      None have come up yet.

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    6. 5.0
      Current Employee

      Amazing place to work

      Feb 4, 2021 - Sales in Orange, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      no micro managing, eat what you kill, great commission potential

      Cons

      there is no 401k match sadly

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    7. 2.0
      Former Employee, more than 1 year

      It's Bootcamp

      Apr 8, 2020 - Account Manager 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      When applying for jobs, employers are impressed at any reps who stay more than 1 year because the ethics are terrible and deals are scarce. There are good, competent people at Balboa, who are fun to work with and have a fresh vision on how to change in the years to come. The name is relatively well-known.

      Cons

      This company is sued routinely (Google it). Balboa is known as the 'bootcamp' of the equipment finance industry for good reason- Long hours...200+ calls/day to start, questionable management practices. Reps are regularly encouraged to price-gouge customers to maximize profits. Their contracts have fine print to the point that any business owner with some legal knowledge and attention to detail usually calls after receiving them with questions you are directed to spin. Balboa Capital reserves the right to change terms at any time, so after deals close, reps are often directed to amend agreements on less savvy customers at their expense for which they have no legal recourse.

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      4 people found this review helpful
    8. 1.0
      Former Employee, less than 1 year

      Do not recommend

      Mar 17, 2021 - Account Executive 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Some nice people in the office

      Cons

      management, pay, training was essentially non existent

      1 person found this review helpful
    9. 3.0
      Former Employee

      Nice work environment, challenging sales work

      Jan 17, 2021 - Account Executive I 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      People are generally nice there

      Cons

      Its definitely a grind to get those sales calls

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    10. 4.0
      Current Employee, less than 1 year

      Account Executive

      Nov 11, 2020 - Account Executive in Costa Mesa, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great and helpful team environment

      Cons

      Monotonous daily job, poor lead generation.

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    Viewing 1 - 10 of 234 Reviews

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