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Equipment Leasing for Businesses Nationwide

Executive Team

Patrick Byrne
Chief Executive Officer LinkedIn

As the founder and Chief Executive Officer of Balboa Capital, Patrick Byrne oversees all aspects of the company’s strategic direction and goals, while ensuring operational excellence within every department. A visionary entrepreneur, Mr. Byrne launched Balboa Capital in 1988 with a mere $4,000, and today the company is one of the largest and most respected independent financing firms. Balboa Capital has been featured twice in Inc. Magazine’s “Inc. 500” list of the fastest growing companies in the US, ranking #67 and #108 respectively. Mr. Byrne is a graduate of the University of Arizona, where he earned a Bachelor of Arts Degree in Economics and Bachelor of Science Degree in Finance. He went on to complete the joint MBA program at Columbia University and The London Business School. Mr. Byrne enjoys surfing, endurance sports and spending quality time with his wife and their three children.


Phil Silva
President LinkedIn

Long-time financing industry professional Phil Silva was appointed President of Balboa Capital in 2008, just one year after launching the company’s highly successful Vendor Services Group. Mr. Silva draws on over 25 years of experience to lead Balboa Capital’s sales divisions. His accomplished career includes managing sales professionals and building and retooling equipment segments in the equipment financing industry. Mr. Silva started and ran the National Accounts Group for American Express and was the General Manager for the Healthcare, Franchise and Business Capital Loan divisions, as well as Marketing. In addition, he was responsible for Field Sales at Dana Commercial Credit. Mr. Silva earned his Bachelor of Arts Degree in Business Management from Whitworth College in Spokane, Washington. Phil likes spending time with his wife of 28 years and their children and baby granddaughter. Mr. Silva is an avid fan of sports and “superhero” movies.


Robert Rasmussen
Chief Operating Officer LinkedIn

Robert (Rob) Rasmussen has been the Chief Operating Officer at Balboa Capital since 2004. Mr. Rasmussen has nearly 25 years’ experience providing financing solutions to businesses and vendor partners. Prior to joining Balboa Capital, he worked at American Express Business Finance, where he led Risk and Operation for its Vendor Finance division. In this position, he oversaw financing for the healthcare, office products and technology markets. Mr. Rasmussen’s career also spans over 10 years of combined experience at Bell Atlantic Tricon and GE Capital in healthcare and corporate finance. Mr. Rasmussen is a graduate of the renowned Pepperdine University, where he earned his Master’s Degree in Business Administration. He earned his Bachelor’s Degree in Finance from California State University, Fullerton. Robert couldn’t think of a better way to spend his free time than with his wife and their two children. Mr. Rasmussen likes sports, traveling and attending sporting and artistic events for his children.


David Chiurazzi
Chief Financial Officer

David Chiurazzi joined Balboa Capital in 1995 as Vice President and Controller and went on to become the company’s Chief Financial Officer in 2001. In this position, Mr. Chiurazzi is responsible for managing all of Balboa Capital’s financial operations. A Certified Public Accountant, Mr. Chiurazzi’s career spans more than three decades in finance-related fields. Prior posts include Audit Manager at Ernst & Young, Finance Consultant with NAEI, Inc., and Senior Auditor at Kenneth Leventhal and Company. Mr. Chiurazzi earned his Bachelor of Science Degree in Business Administration with an emphasis in Accounting from California State University, Fullerton. Mr. Chiurazzi is a longtime outdoor enthusiast and nature photographer. He and his wife of 27 years enjoy traveling; they have visited six continents.