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Press Releases

07/22/05 - Balboa Capital Continues Rapid Growth; Expands Workforce With Over 130 New Hires In First Half Of 2014

Balboa Capital, a leading provider of small business loans and equipment leasing in the United States, hired 130 new employees during the first six months of 2014 to accommodate the growing demand for the company’s diverse portfolio of financing products. The new staff members bolster each of Balboa Capital’s sales divisions along with the company’s business development, customer service, information technology, accounting and marketing departments.

“Balboa Capital is a well-known and highly respected name in the financing industry, and the demand for our fast, flexible and dependable financing solutions has been increasing for many months,” said Phil Silva, President of Balboa Capital. “We hired a number of talented professionals for each of our divisions to support our continued growth and provide our customers and equipment vendor partners with service that is second to none.”

Mr. Silva expects Balboa Capital’s growth to continue throughout 2014 and beyond. “We have put together talented sales teams, established key strategic partnerships, and improved our web-based tools that are changing the way businesses acquire financing. The size of our company, along with our immense lending power, instills confidence in business owners and equipment vendors alike.”

Balboa Capital is committed to investing in personnel. The company has an executive recruiting team that is actively looking to hire talented and career-minded financing professionals. Balboa Capital’s website has a Careers Page with current employment opportunities, and a YouTube video for prospective employees.

07/01/14 - Balboa Capital Continues Growth In Equipment Vendor Financing Sector; Opens New Office In Jacksonville, Florida

Balboa Capital, a leading provider of small business loans and equipment vendor financing in the United States, opened a new office in Jacksonville, Florida to serve its existing and future equipment vendor partners on the east coast. It will be led by Eric Mandella, sales manager of Balboa Capital’s vendor services group, who has more than 16 years of industry experience. This is Balboa Capital’s fourth office location; the company is headquartered in Irvine, California and has additional offices in Scottsdale, Arizona and San Ramon, California. The new location is part of Balboa Capital’s aggressive growth plans, which include the expansion of each of its financing divisions and addition of more than 130 employees in 2014.

“We have had tremendous success working with equipment vendors nationwide, but we felt it was important to anchor our east coast presence based on the growing demand for our fast, dependable financing products,” said Phil Silva, President of Balboa Capital. “Our new office in Jacksonville firmly establishes our coast-to-coast coverage and enables our vendor financing team to provide focused support.” Balboa Capital has already hired six experienced equipment vendor financing managers for its Jacksonville location, and expects that number to double within the coming months. “We assembled a very talented team with Eric that provides real value to our vendor partners and their customers,” said Mr. Silva.

Balboa Capital helps equipment vendors increase their sales and generate long-term customers with quick, hassle-free financing programs that are backed by aggressive rates, one-hour credit decisions and same-day funding. Balboa Capital’s equipment vendor partners have access to the company’s state-of-the-art online sales management tool. It lets vendors access their customers’ accounts online and perform a number of finance-related tasks safely and securely from any computer, tablet or mobile device. Equipment vendors can instantly calculate software lease payments, submit finance applications, view sales reports, order contracts and more.

06/03/14 - Balboa Capital Announces Expansion Of Mining Equipment Financing Division; Attends 2014 Elko Mining Expo As Exhibitor

IRVINE, California, June 3, 2014 – Balboa Capital, a leading independent financing company in the United States, today announced the expansion of its mining equipment financing division. The company hired a team of highly experienced finance directors and account coordinator to strengthen its position in the mining equipment financing arena. Balboa Capital will be an exhibitor at the 2014 Elko Mining Expo in Elko, Nevada from June 5-6.

“Adding talented personnel with a proven track record of success in the mining industry demonstrates our commitment to providing clients with exceptional, knowledgeable support,” said Phil Silva, President of Balboa Capital. “We are excited to welcome our new finance directors and are confident that they will deliver a value-added approach to our clients’ equipment financing needs within the mining sector. Their extensive knowledge of the mining industry, along with their ability to develop and deliver the right capital equipment financing solutions, will benefit companies that work in the mining industry nationwide.” Balboa Capital’s mining equipment financing division structures financing programs ranging from $1 million to $100 million.

Balboa Capital will be an exhibitor at the 29th annual Elko Mining Expo, which draws nearly 8,000 mining industry professionals from around the world. The event will be held at the Elko Convention Center in Elko, Nevada. Balboa Capital’s mining equipment finance directors will be in the Minor-Miners Playground at Booth #759 from June 5-6. “The 2014 Elko Mining Expo presents us an opportunity to meet with mining and exploration companies, equipment dealers, business consultants and other industry representatives,” said Mr. Silva. “We look forward to networking with everyone and showcasing our mining equipment financing capabilities to a large audience.”

05/20/2014 - Balboa Capital Expands Oil And Gas Equipment Financing Division, Attends 2014 DUG Permian Basin Conference And Exhibition

IRVINE, California, May 19, 2014 – Balboa Capital, a leading independent financing company since 1988, today announced it has expanded its oil and gas equipment financing division, and will be a featured exhibitor at the 2014 DUG Permian Basin Conference and Exhibition in Fort Worth, Texas from May 20-22. The company is now well-positioned to meet the financing needs of middle-market companies and large corporations in the oil and gas industry throughout the United States.

“We have been supporting oil and gas companies for many years and, to expand our reach in the highly specialized oil and gas industry, we hired a team of seasoned financing directors,” said Phil Silva, President of Balboa Capital. “Their vast experience in the oil and gas sector, along with their financial expertise, provides great value to our clients.” Balboa Capital’s oil and gas equipment financing division works with companies that require financing ranging from $1 million to $100 million. “Investing in key personnel demonstrates Balboa Capital’s commitment to our current and future clients in the oil and gas industry,” added Mr. Silva.

Balboa Capital is one of the featured exhibitors that will be at the 2014 DUG Permian Basin Conference and Exhibition in Fort Worth, Texas. “Close to 2,500 oil and gas industry professionals will attend the event, and we are excited to take part,” said Mr. Silva. “We look forward to meeting everyone and getting a first-hand look at some of the innovative new products and technologies that are helping advance the oil and gas industry.” Balboa Capital’s financing directors will be at Booth #849 to provide information about the company’s oil and gas equipment financing products. In addition, the company produced an oil and gas industry infographic that is free to download and share. It features an overview of the oil and gas industry along with current trends and statistics.

For more information about Balboa Capital’s oil and gas equipment financing capabilities, please contact Michael Curtis at (949) 383-9355 or via email at michaelc(at)balboacapital(dot)com.

05/13/14 - Balboa Capital Boosts Its Small Business Loan Division With New Staff Members and Increased Lending Capacity

IRVINE, California, May 13, 2014 – Balboa Capital, a leading independent financing company that specializes in small business loan products, announced today the expansion of its small business loan division with new financing specialists, business loan coordinators and customer service representatives. Additionally, the company recently increased its lending capacity by securing a $152 million securitization. Balboa Capital boosted its small business loan division, which provides working capital loans, flexible business loans and merchant cash advances, to support the financing needs of companies in all industries throughout the United States.

“We are all about small business growth, and once again we have taken the steps necessary to help business owners secure funding for their immediate and short-term needs,” said David Van Patten, Business Funding Director at Balboa Capital. He adds, “Small businesses are the engine that drives our nation’s economy, and we’ve helped thousands of them move forward with our simple, hassle-free business loan products.” Balboa Capital’s aggressive growth initiatives are the result of an increased demand for small business financing and greater optimism about the economy, the latter of which was highlighted in a nationwide survey the company conducted. 75% of business owners surveyed by Balboa Capital feel the US economy is improving, and 84% expect unchanged or higher revenues this year.

Balboa Capital’s announcement comes during the 51st annual National Small Business Week, which recognizes the many contributions that small businesses in America make. To celebrate National Small Business Week, Balboa Capital is offering business owners a complimentary business loan whitepaper that has a wealth of information pertaining to the various loan products that are available. Balboa Capital also created an informative small business loan infographic that is free to download and share.

04/22/14 - Balboa Capital Hires Three Veteran Finance Directors, Expands Its Corporate Financing Division Nationwide

IRVINE, California, April 22, 2014 – Balboa Capital, one of the largest independent equipment financing companies the United States since 1988, today announced the appointment of Michael Curtis, Robert Harris and Dale Schwartz as directors of specialized markets for the company’s corporate financing division. With more than 75 years of combined experience, Curtis, Harris and Schwartz significantly strengthen Balboa Capital’s corporate financing team.

“As we continue to grow our corporate financing division, we are adding top-level finance directors who have expertise and a proven track record of success in specific business industries,” said Phil Silva, President of Balboa Capital. “I am extremely excited that Michael, Robert and Dale have joined our company. Their experience in developing custom-tailored financing solutions for large companies and corporations throughout the United States enhances our capabilities and product offerings.” Balboa Capital’s corporate financing division works with companies in a wide variety of industries, including oil and gas, mining, construction, and manufacturing. The company structures corporate equipment financing plans ranging from $1 million to $100 million. “I am confident that Michael, Robert and Dale will provide our clients with high quality financing products along with knowledgeable, supportive service,” added Mr. Silva.

For more information about Balboa Capital’s corporate financing capabilities, please contact Michael Curtis at (949) 383-9355 or via email at michaelc(at)balboacapital(dot)com.

04/16/14 - Balboa Capital Announces Completion of $152 Million Securitization

IRVINE, California, April 16, 2014 – Balboa Capital, a leading provider of equipment financing and small business loan products, announced today that it has completed a $152 million securitization of equipment lease and loan backed notes. Balboa Capital will use this additional capacity to fund the company’s diverse portfolio of financing products.

The placement agent of notes was Guggenheim Securities, and the transaction was rated by both Standard and Poor’s and DBRS. David Chiurrazi, Chief Financial Officer at Balboa Capital said, “We are extremely pleased with the positive reception that we received from institutional investors, and with the favorable ratings provided by the leading credit rating agencies. This reflects Balboa Capital’s consistently strong financial standing and business performance.”

This is Balboa Capital’s first securitization since 2008, and it comes at the perfect time,” said Mr. Chiurazzi. “Balboa Capital is experiencing rapid growth in each of the channels we serve, and our new securitization enables us to continue meeting the financing demands of small business owners, middle market companies, franchise owners and equipment vendors throughout the United States.”

Balboa Capital is accelerating its growth by offering flexible financing solutions and innovative online tools and resources required of business owners and equipment vendors. In the past six months, Balboa Capital has launched an industry-leading online sales management system for equipment vendors, solidified financing partnerships with five national franchise brands, and added over 50 staff members to its sales divisions and customer service department combined.

Balboa Capital helps business owners in all industries acquire the capital they need to grow and succeed with its fast, easy and hassle-free financing products that have a high approval rate. Business owners and equipment vendors who haven’t worked with Balboa Capital before can get more information on the company’s YouTube channel. It features a number of Balboa Capital reviews from actual customers.

03/06/14 - Balboa Capital Becomes Qualified Lender for Carl’s Jr. and Hardee’s Franchise Owners

IRVINE, California, March 6, 2014 – Balboa Capital, a leading provider of franchise financing, announced today that it has become a qualified lender for Carl’s Jr.® and Hardee’s® franchisees nationwide. Balboa Capital will provide current and prospective Carl’s Jr. and Hardee’s franchise owners with custom-tailored financing programs for furniture, fixtures and equipment (FF&E), re-imaging initiatives and product improvement programs (PIPs). The company will also structure franchise working capital loans that can be used for daily operational needs.

“We are excited to be a qualified lender for Carl’s Jr. and Hardee’s franchise business owners and look forward to providing them with the flexible financing solutions they need to support further growth,” said Angela Stoltenberg-Anderson, Director of Business Development for the Franchise Division of Balboa Capital’s Vendor Services Group. “Our vast experience and proven success with leading quick-service restaurant brands is a valuable asset to Carl’s Jr. and Hardee’s franchisees. We made significant investments in personnel and web-based technology to create a next-generation franchise financing platform that offers the ultimate in convenience. Applications can be submitted online in just a few minutes, credit decisions are made in one hour or less, and funding for even the most complex transactions is delivered quickly.”

Balboa Capital has a growing franchise financing team that is dedicated to its customers’ transactional needs. They are able to facilitate financing programs that involve multiple equipment vendors and suppliers in a quick and efficient manner, enabling Carl’s Jr. and Hardee’s franchisees to focus their time and effort on running their restaurants. In addition, Balboa Capital has several revolving credit facilities with some of the largest lenders in the country, giving them the immense lending power that instills confidence among franchise business owners.

For more information about Balboa Capital’s franchise financing program, contact Angela Stoltenberg-Anderson at (866) 991-7911 or via email at angelaca(at)balboacapital(dot)com.

03/04/14 - Poised For Growth In The Middle-Market Financing Sector, Balboa Capital Hires Veteran Director Of Syndication

IRVINE, California, March 4, 2014 – Leading independent financing company Balboa Capital announced the addition of Jim Motley to its growing Enterprise Division, which facilitates transactions from $500,000 to $50 million for middle market companies throughout the United States. Mr. Motley brings more than three decades of experience in all facets of commercial financing, including factoring, unsecured lending and equipment financing.

“I am very pleased to welcome Jim to our Enterprise Division,” said Phil Silva, President of Balboa Capital. “To land a director of syndication with Jim’s experience, track record of success, and solid industry reputation was a big win for Balboa Capital. He enhances our Enterprise Division through his financing expertise in a broad range of industries, including construction, oil and gas, mining, non-profit, healthcare and manufacturing, and his experience working with private-equity firms.” Mr. Motley will support Balboa Capital’s Enterprise Division by packaging and expediting financing transactions for middle market companies in all industries nationwide.

For more information about Balboa Capital’s middle market financing capabilities, which include capital equipment financing, operating leases and lease lines of credit, please contact Jim Motley at (949) 553-3429, or via email at jimm(at)balboacapital(dot)com.

02/27/13 - Balboa Capital Becomes Preferred Lender For McAlister’s Deli Franchise Owners

IRVINE, California, February 27, 2014 – Balboa Capital, one of the largest direct lenders in the United States that specializes in franchise financing, announced it has been selected as a preferred lender for McAlister’s Deli®  franchise owners nationwide. Balboa Capital will work with McAlister’s Deli franchisees who require financing for furniture, fixtures and equipment (FF&E), lease-hold improvements and reimaging/remodeling efforts.

“We are very pleased to be chosen as a preferred lender for McAlister’s Deli franchisees, and our franchise financing team looks forward to providing them with flexible and cost-effective financing solutions,” said Angela Stoltenberg-Anderson, Director of Business Development for the Franchise Division of Balboa Capital’s Vendor Services Group. “This is a big opportunity for Balboa Capital, and we have every confidence that our franchise financing products will greatly benefit single-unit and multi-unit McAlister’s Deli franchise owners. Balboa Capital anticipates a long and productive business relationship with McAlister’s Deli and its franchisees.” Balboa Capital will be the exclusive lender at the upcoming McAlister’s Deli Annual Conference 2014. The event takes place April 29 through May 1 in New Orleans and will feature franchise owners, franchise operators, vendors and McAlister’s Deli corporate representatives.

“We are excited to partner with Balboa Capital and are pleased that they recognize the strength of the McAlister’s brand and business model,” says Jeff Sturgis, McAlister’s Chief Development Officer. “Securing relationships with companies like Balboa Capital is a part of our overall strategy to attract and encourage both new and existing franchise partners to develop McAlister’s restaurants.”

This is the tenth franchise financing partnership that Balboa Capital has secured during the past year. The company, which has become a proven leader in franchise financing, works with some of the largest franchise concepts in the quick service restaurant (QSR), hotel and hospitality, automotive, and retail industries.

01/29/13 - Balboa Capital Survey: Small Business Owners Continue To Feel Optimistic, Have Increased Investment Goals In 2014

Irvine, California, January 28, 2013 – A new national survey conducted by leading small business loan provider and equipment financing company Balboa Capital reveals that business owners and equipment dealers feel the US economy is improving, and are planning to hire more employees, increase marketing initiatives and invest in new equipment, among others.

“Our latest survey is a follow-up to one that we conducted six months ago, and the results show that business owners continue to be more optimistic in 2014,” said Jake Dacillo, Marketing Director at Balboa Capital. “What we found is that the majority of business owners and equipment dealers we surveyed have a favorable view of the current economic climate and are taking the steps necessary to achieve growth and increase revenues in 2014.”

Poll results of Balboa Capital’s 2014 Q1 small business survey, more of which are featured in a small business infographic that is free to download and share, include:

  • 75% of small business owners and 57% of equipment dealers feel the US economy is improving
  • 84% of small business owners and 86% of equipment dealers expect similar or higher revenues in 2014
  • 73% of small business owners and 86% of equipment dealers feel confident about the future of their companies
  • One in three small business owners will increase their marketing efforts, while one out of every four will purchase capital equipment and add new employees
  • One-third of equipment vendors will hire more employees, spend more on marketing and expand their product lines

Balboa Capital is also feeling confident about the economy, and for good reason. The company is experiencing solid growth in each of it its financing divisions and has hired more than 20 new employees during the first three weeks of 2014. “As the current economic climate continues to improve, there will be an increased demand for the easy, hassle-free financing products that Balboa Capital offers. As one of the nation’s largest independently owned direct lenders, we have the infrastructure and immense lending power to meet that demand,” said Mr. Dacillo.

01/14/13 - Balboa Capital Announces Expansion Of Its Large Ticket Financing Division

IRVINE, California, January 14, 2014 – Balboa Capital, a leading provider of commercial financing and commercial business loans, today announced that it has expanded its large ticket financing division. The company added 15 highly experienced finance managers to keep pace with the growing financing needs of large companies and corporations throughout the United States.

“The recent expansion of our Enterprise Sales Division reflects our rapid growth in the large ticket arena and demonstrates our commitment to providing large companies with the flexible financing solutions they need,” said Michael Bivins, Director of Sales for Balboa Capital’s Enterprise Sales Division. “We have the funding capacity and proven track record of success that corporate clients and Fortune 1000 Companies expect.” Balboa Capital acquired new office space at its Irvine, California headquarters to accommodate the growth of its Enterprise Sales Division.

The Enterprise Sales Division at Balboa Capital facilitates financing transactions from $100,000 to $50 million for companies in a diverse variety of industries, including manufacturing, aerospace, construction, telecommunications and technology. Balboa Capital’s web-based financing tools and dedicated large ticket credit experts and customer service specialists help reduce the administrative burden for businesses. The end result is a highly efficient and streamlined financing process from start to finish.

For more information about Balboa Capital’s large-ticket financing capabilities, which include capital equipment financing, operating leases, and lease lines of credit, contact Michael Bivins at (949) 553-3463 or via email at michaelkb(at)balboacapital(dot)com.

12/18/13 - Expiration Of Current Section 179 Tax Deduction Limit On 12/31/13 Boosts Equipment Financing Activity At Balboa Capital

IRVINE, California, December 18, 2013 – With the current Section 179 Tax Deduction of up to $500,000 set to expire at the end of the year, businesses in every industry are making last-minute capital equipment acquisitions. Balboa Capital, one of the largest independent equipment leasing companies in the United States, is seeing a significant increase in equipment financing activity from business owners who want to take advantage of this special tax incentive.

“A large number of business owners are purchasing new and used equipment in December so they can expense 100% of the cost under the Section 179 provision,” said David Chiurazzi, Chief Financial Officer at Balboa Capital. “We are getting a considerable amount of online and telephone inquiries from new and existing customers who need fast financing for their equipment purchases, and we are geared up for the end-of-year rush. We have the staff, infrastructure and web-based systems in place to provide businesses with an easy and hassle-free financing experience during the busy holiday season.”

The Section 179 Tax Deduction is an IRS tax incentive that allows businesses to accelerate depreciation on qualifying equipment that is purchased or financed and put into business use on or before December 31, 2013. The current Section 179 Tax Deduction limit of $500,000 is scheduled to decrease to $25,000 on January 1, 2014. In addition, the current first-year bonus depreciation on new capital equipment is 50% through the end of 2013. “Business owners who are contemplating equipment purchases should act now and choose a financing resource that can facilitate their transactions in a timely manner,” said Mr. Chiurazzi. “With Balboa Capital’s simple one-page finance application, Section 179 calculator, one-hour credit decisions and same-day funding, business owners can get equipment quickly and not miss out on the Section 179 Tax Deduction.”

Balboa Capital keeps business owners up-to-date on the latest news regarding this tax incentive with a variety of communications efforts, including a Section 179 video and Section 179 infographic. Not all types of equipment qualify for the Section 179 deduction, therefore business owners should consult with their tax professionals prior to making any purchases.

12/10/13 - Balboa Capital Becomes Preferred Financing Partner For Pita Pit Franchise Owners

IRVINE, California, December 10, 2013 – Balboa Capital, a leading provider of franchise financing in the United States, announced it has been selected as a preferred financing partner for Pita Pit franchise business owners nationwide. Through this partnership, Balboa Capital will bring its industry-leading franchise financing products and services to current and prospective Pita Pit franchisees who need funding for furniture, fixtures and equipment (FF&E), product improvement programs (PIP), lease-hold improvements, and remodeling initiatives.

“Being selected as a preferred financing partner for Pita Pit franchisees speaks to our expertise and track record of success in working with national QSR brands,” said Angela Stoltenberg-Anderson, Director of Business Development for the Franchise Division of Balboa Capital’s Vendor Services Group. “Balboa Capital has the experience, lending power and resources necessary to provide Pita Pit franchisees with fast, easy and hassle-free financing for a whole host of business needs. We look forward to working with Pita Pit franchise owners throughout the country and helping their establishments grow and succeed.”

Balboa Capital has made franchise financing an integral part of its business and is a highly respected company among franchisors and franchisees in a variety of industries. To meet the increasing needs of franchise business owners, Balboa Capital expanded its franchise financing division with new business development managers, account managers and in-house franchise financing experts. “We are well-positioned to provide single-unit and multi-unit franchise owners with the best franchise financing options for their individual needs, along with the outstanding customer service they expect,” said Ms. Stoltenberg-Anderson.

For more information about Balboa Capital’s franchise financing program, please contact Angela Stoltenberg-Anderson at (866) 991-7911 or via email at angelaca@balboacapital.com.

About Pita Pit

Pita Pit was founded on the idea that people want an exciting alternative to fast food restaurants - a place with great tasting food that’s healthy, fresh, and still served fast. So, Pita Pit ditched all the heavy breads and buns - along with the higher carbs and fat that today’s health-conscious consumers are trying to avoid. The brand chose then to polish its own recipe for a healthy, great tasting pita sandwich. Pita Pit’s health-minded approach paid off; the company has locations across the US and Canada, and is expanding its presence in other countries around the world. For more information, visit www.pitapitusa.com.

11/21/13 - Balboa Capital Survey: 95% Of Businesses Will Need Additional Working Capital During The Next 12 Months

IRVINE, California, November 21, 2013 – A new survey conducted by leading equipment leasing company and small business loan provider Balboa Capital reveals that 95% of business owners in the United States will need additional working capital for their companies during the next 12 months. Balboa Capital sent its online survey to more than 300,000 business owners in a wide variety of industries to assess their financing needs and gauge their knowledge of working capital loans.

“Small and mid-sized companies have found it difficult to secure traditional business loans and lines of credit from banks and credit unions, but working capital loans are an excellent alternative,” said David Van Patten, Business Funding Director at Balboa Capital. “Based on the results of our extensive survey, many business owners are not familiar with working capital loans, and our goal is to make them aware of this convenient financing option. In addition to publishing the results of our survey, we developed a working capital loan whitepaper and working capital loan infographic, both of which can be downloaded free from our website.”

Key Results of Balboa Capital’s working capital loan survey:

  • 95% of business owners will need working capital during the next 12 months for inventory, receivables, employee payroll and marketing, among others
  • Nearly half of all business owners will need working capital for expansion efforts and/or new equipment purchases during the next 12 months
  • 43% of business owners are not familiar with working capital loan options; 13% are very familiar with them
  • 27% of business owners applied for a working capital loan at a bank; only 19% of them had their loans approved
  • An easy loan application process, fast funding and solid reputation are the top three things that business owners look for in a working capital loan provider

Working capital loans are designed to address the short-term capital needs of businesses; they can be used to fund a broad range of day-to-day operating expenses. Balboa Capital specializes in working capital loans and offers them to businesses nationwide. “We make it easy to get a working capital loan. Business owners can apply online from any computer, laptop, tablet or mobile device, and we will provide them with a fast credit decision,” said Mr. Van Patten. He adds, “A great credit score and extensive collateral are not needed, and we can provide up to $250,000 in as little as five days.”

To learn more about working capital loans and the other small business loan products available from Balboa Capital, contact David Van Patten at (855) 816-7921 or via email at davidmv(at)balboacapital(dot)com.

11/20/13 - Balboa Capital Becomes Approved Lender for Domino’s Pizza Franchise Owners

IRVINE, California, November 20, 2013 – Balboa Capital, a leading provider of franchise financing, today announced that is has been selected as an Approved Lender for Domino’s Pizza® franchise owners nationwide. Balboa Capital will provide an expanded portfolio of flexible financing options to Domino’s Pizza franchisees who need funding for technology, equipment acquisition, working capital, store acquisitions and re-imaging.

“We are excited to expand our relationship with Domino’s Pizza and provide their franchisees with the financing solutions they need,” said Angela Stoltenberg-Anderson, Director of Business Development for the Franchise Division of Balboa Capital’s Vendor Services Group. “Becoming an Approved Lender for Domino’s Pizza speaks to our expertise and proven success in the quick-service restaurant industry.” Balboa Capital has established relationships with some of the largest and most well-known quick-service restaurant (QSR) concepts in the country. The company has a dedicated franchise financing team that thoroughly understands the diverse needs of QSR franchisees and provides them with the most appropriate financing solutions.

Balboa Capital’s franchise financing program raises the bar in the industry by simplifying the application and approval processes and shortening the transaction processing time. Franchise finance applications can be submitted online from any computer, tablet or mobile device, and one-hour credit decisions are standard. Balboa Capital offers same-day funding for franchise equipment leasing, and franchise business loans are funded in a matter of days. “We understand that Domino’s Pizza franchisees are extremely busy and don’t want any roadblocks when trying to acquire financing. Our franchise financing program gives them easy access to capital in a timely manner, and we think that’s a significant advantage,” said Ms. Stoltenberg-Anderson.

For more information about Balboa Capital’s franchise financing program, please contact Angela Stoltenberg-Anderson at angelaca@balboacapital.com.

About Domino’s Pizza Founded in 1960, Domino's Pizza is the recognized world leader in pizza delivery, with a significant business in carryout pizza. It ranks among the world's top public restaurant brands with its global enterprise of more than 10,400 stores in over 70 international markets. Domino's had global retail sales of over $7.4 billion in 2012, comprised of over $3.5 billion in the U.S. and nearly $3.9 billion internationally. In the second quarter of 2013, Domino's had global retail sales of over $1.8 billion, comprised of $868 million in the U.S. and $961 million internationally. Its system is largely made up of franchise owner-operators who accounted for over 96% of the Domino's Pizza stores as of the second quarter of 2013. The Domino's brand generates over $2 billion in global digital sales per year. Its emphasis on new technology has helped drive the introduction of Domino's ordering apps for Kindle Fire, Android™,  iPhone® and Windows Phone 8 – which now cover nearly 95% of the U.S. smartphone market. Continuing its focus on menu enhancement, Domino's established itself as a player in the pan pizza market with the launch of its Handmade Pan Pizza, featuring fresh, never-frozen dough, in October 2012.

11/19/13 - Balboa Capital Becomes Preferred Financing Resource for LED Lighting Company, LEDtronics, Inc.

IRVINE, California November 19, 2013 - Balboa Capital, a top independent provider of small business loans and lighting equipment vendor financing, today announced that it has become a preferred financing resource for LEDtronics®, Incorporated,http://www.ledtronics.com, one of the leading suppliers of innovative LED lighting, LED lamps, clusters and arrays in the world. Through this relationship, Balboa Capital will develop financing programs for LEDtronics end users across the country.

“LEDtronics is a recognized leader in the design and manufacturing of energy efficient and environmentally friendly LED lighting products, and we are pleased to be their preferred financing resource,” says David Shafer, Director of Business Development of Balboa Capital’s Vendor Services Group. He adds, “This affiliation bolsters our ability to serve LEDtronics sales team members and resellers nationwide. We will provide their customers with fast, flexible financing solutions that can help drive sales, increase profits and grow the LEDtronics brand.”

LED lighting products are more energy efficient and last longer than traditional lighting solutions, which makes them an excellent option for myriad commercial and industrial applications. LED lighting is being used at airports, retail stores, hospitals, parking structures, universities, gas stations, restaurants, museums, manufacturing facilities and bridges, among many others. The energy savings and significantly longer lifespan afforded by LED lights translates into a greater return-on-investment for companies of all sizes. “The up-front cost of LED lighting systems might prevent some business owners from investing in this innovative technology even though it presents them with financial benefits down the road,” says Mr. Shafer. “With Balboa Capital, companies can preserve their existing capital and credit lines and acquire LEDtronics’ lighting products for an affordable monthly lease payment.”

Balboa Capital’s financing program for LEDtronics is as convenient as it is efficient. One-page applications for up to $150,000 in financing can be submitted online, and credit decisions are made within one hour. Balboa Capital has highly competitive rates, and same-day funding is available. Lastly, the LEDtronics sales team, and resellers who become Balboa Capital vendor partners, will be able to manage every aspect of their financing transactions with Navigator. Navigator is Balboa Capital’s online sales management systemthat has a variety of tools and features to help equipment dealers take their businesses to the next level.

For more information about Balboa Capital’s financing program for LEDtronics, please contact David Shafer at (949) 553-3497 or via email at davidrs(at)balboacapital(dot)com.

11/6/13 - Balboa Capital Launches Navigator, a New Best-In-Class Online Sales Management System for Equipment Vendors

IRVINE, California, November 6, 2013 – Balboa Capital, a leading provider of equipment vendor financing in the United States, today announced the release of Navigator, a comprehensive online sales management system that enables equipment dealers to manage every aspect of their financing transactions in real-time. Navigator replaces Balboa Capital’s previous web-based sales management system that set the standard of excellence when it was introduced in 2007.

“In today’s fast-paced and technology-driven business world, equipment vendors need an all-encompassing sales management solution to streamline their sales processes, track sales performance, increase operational efficiency, and deliver a better experience for their customers” said Patrick Ontal, Vice President of Balboa Capital’s Vendor Services Group. “Navigator does all of this and more by giving our vendor partners access to an array of sales-related information, tools and reports that can be managed from any computer, laptop, mobile device or tablet.”

When developing Navigator, Balboa Capital kept the core features and functions of its previous sales management system and added a variety of new integrations, along with a completely new design, easy-to-use interface and more robust reporting options. “No other sales management system for equipment dealers offers this many reporting features,” said Mr. Ontal. With Navigator, equipment vendors can access month-to-date and year-to-date summaries of their submitted applications, pending applications, approved deals and funded transactions. These summaries are shown in color-coded graphs and can be compared to previous months and/or years instantly. Navigator also enables equipment vendors to run sales, maturity and delinquency reports.

“Navigator is Balboa Capital’s next generation online sales management system that truly empowers equipment vendors,” said Mr. Ontal, adding, “Managing customers and prospects, estimating monthly lease payments, submitting finance applications, and generating transaction-related reports has never been easier.” Balboa Capital produced an equipment vendor video that provides more information about Navigator.

To learn more about Balboa Capital’s Navigator, click here. If you would like to become a Balboa Capital vendor partner, contact Patrick Ontal at (949) 399-6346.

09/11/13 - Balboa Capital Survey Reveals Many Small Business Owners Are Missing Out On A Key Tax Deduction

IRVINE, California, September 11, 2013 – An online survey conducted by Balboa Capital, a top provider of small business loans and equipment leasing in the United States, revealed that many small business owners are not familiar with the Section 179 Tax Deduction, which allows companies to write off up to $500,000 worth of qualifying equipment that is purchased or financed during the 2013 tax year. The online survey was sent to approximately 300,000 small business owners and 20,000 equipment dealers nationwide.

“With just a few months left to take advantage of the current Section 179 Tax Deduction limit, we wanted to gauge how much small business owners and equipment dealers know about this special IRS tax provision,” said David Chiurazzi, Chief Financial Officer at Balboa Capital. “We conducted an extensive survey and found that many business owners just aren’t aware of Section 179 and its many benefits. So, we took it upon ourselves to get the word out to America’s small-business community with a targeted email campaign, additional website content, and an all-new Section 179 video.”

Key findings in Balboa Capital’s survey of small business owners:

  • 45% are not familiar with Section 179
  • 47% have elected to take the Section 179 Tax Deduction in years past
  • 54% plan to use the Section 179 Tax Deduction in 2013
  • 45% will invest in up to $50,000 worth of capital equipment in 2013
  • 28% will finance equipment in 2013, 17% will apply for a bank loan

In its survey of equipment dealers, Balboa Capital found the following:

  • 28% are very familiar with Section 179
  • 53% say their customers have elected to take the Section 179 Tax Deduction in years past
  • 62% use the Section 179 Tax Deduction to help close sales
  • 88% make their customers aware of the Section 179 Tax Deduction
  • 31% will sell between $1,000,000 and $5,000,000 worth of equipment in 2013

The current Section 179 deduction limit of $500,000 is expected to decrease to $25,000 on January 1, 2014. Additionally, the current first-year bonus depreciation, which applies to new capital equipment, is 50% from now through the end of the year. “Currently, there is no indication that Congress will extend the 2013 Section 179 deduction limits, so now is the perfect time to invest in capital equipment,” said Dave Chiurazzi. You can view the results of Balboa Capital’s online survey in this Section 179 infographic.

09/10/13 - Balboa Capital Partners With Hoshizaki America, Inc. To Provide Zero Percent Financing On Ice Machines To Burger King Franchise Owners

IRVINE, California, September 10, 2013 - Balboa Capital, a leading independent provider of franchise financing, today announced a partnership with Hoshizaki America, Inc., an ice machine manufacturer/vendor for Burger King franchises throughout the United States. Through this new partnership, Balboa Capital will provide Burger King franchise owners with zero-percent financing plans for ice machines.

“Balboa Capital is excited to be partnering with Hoshizaki America, Inc.,” said Angela Stoltenberg-Anderson, Director of Business Development of Balboa Capital’s Vendor Services Division. “We developed a co-branded program that will enable Hoshizaki America’s customer base of Burger King franchisees to finance ice machines with zero-percent financing. It’s a win-win for everyone involved. Plus, Burger King franchise owners can count on getting the unmatched service that Balboa Capital is known for. We have the people and systems in place to help franchise business owners get the dependable financing they need quickly, so they can focus their time and energy on running their franchises.”

Balboa Capital’s partnership with Hoshizaki America, Inc. is part of the company’s strategy, which is to align itself with key players in the quick-service restaurant (QSR) industry. “We are taking franchise financing to the next level by leveraging our relationships with leading QSR brands and equipment manufacturers and dealers to become a single resource for their financing needs,” said Ms. Stoltenberg-Anderson. “Our custom-tailored financing programs help fund the flow of QSR equipment from manufacturer to vendor to franchise owner.”

For more information about Balboa Capital’s co-branded franchise financing program, please contact Angela Stoltenberg-Anderson at (866) 991-7911 or via email at angelaca(at)balboacapital(dot)com.

About Hoshizaki America, Inc. Headquartered in Peachtree City, Georgia, with sales and manufacturing operations throughout the United States, Hoshizaki America, Inc. is the world’s largest manufacturer of ice makers and dispensers, refrigerators/freezers and related accessories. Hoshizaki America, Incorporated is committed to its customers in developing original products that bring comfort and convenience to their lives. For more information, please visit http://www.hoshizakiamerica.com.

08/07/13 - Balboa Capital Survey Shows Small Business Owners Have Increased Confidence And Higher Revenues In 2013

Irvine, California August 07, 2013 -Balboa Capital, a leading provider of small business loans and equipment leasing in the United States, today announced the results of a comprehensive online survey of small businesses and equipment vendors nationwide. Among the key findings: American small business owners and equipment dealers are feeling more optimistic about the nation’s economy, and many of them are seeing increased revenues in 2013.

“We conducted a survey to help identify some of the key issues that small businesses and equipment vendors are facing today,” said Jake Dacillo, Marketing Director at Balboa Capital. “Based on the feedback we received, many business owners are still dealing with the effects of the economic downturn, but there does appear to be a light at the end of the tunnel. As outlined in our small business infographic, there is a growing level of optimism among business owners and equipment dealers we surveyed. They anticipate stability with the economy and plan to invest in their businesses during the final months of the year.”

Poll results of Balboa Capital’s small business survey include:

  • 72% of small business owners feel the US economy is improving; 43% are extremely confident about the economy
  • 39% of small business owners are seeing increased revenues this year
  • 58% of equipment vendors are seeing increased revenues this year
  • 88% of equipment vendors are confident about the future of their businesses
  • The most common investment goals among small business owners include business expansion (34%), marketing (21%), increasing staff (20%) and purchasing equipment (13%)
  • 31% of small businesses financed capital equipment this year

This optimism came as no surprise to Balboa Capital. “We interact with small businesses and equipment vendors on a daily basis, and many of them indicate that things are starting to turn around,” said Mr. Dacillo, adding, “As their trusted financing resource, we will continue to provide them with the solutions they need to grow their businesses.”

In 2013, Balboa Capital has experienced substantial growth in the numerous business industries it serves. The company is now a Preferred Lender for Papa John’s Franchisees, a Qualified Vendor for Choice Hotels Franchisees, an Endorsed Financing Resource for International Business Products, Incorporated, and a Financing Partner of the Electric & Gas Industries Association. Balboa Capital added over 70 new employees this year and will continue hiring financing professionals for each of its sales divisions to accommodate its growth.

07/24/31 - Balboa Capital Expands Woodworking Equipment Vendor Financing Division, Attends 2013 AWFS Fair As Key Vendor

IRVINE, California July 24, 2013 Balboa Capital, a leading provider of small business loans and equipment leasing in the United States, today announced it has expanded its woodworking equipment vendor financing division and will be a vendor at the 2013 Association of Woodworking and Furnishings Suppliers (AWFS) Fair in Las Vegas from July 24-27.

“We have been supporting equipment vendors in the woodworking industry for many years and, to meet their growing needs, we strengthened our vendor financing division by adding additional staff members,” said Sara Hort, Team Leader of the Vendor Services Group at Balboa Capital. “We have the personnel and systems in place to help vendors in the woodworking industry sell more machines, hardware and commercial furnishing products, while at the same time provide their customers with an easy, fast and hassle-free financing experience.”

Balboa Capital is one of a handful of vendors that will be at the 2013 AWFS®Fair in Las Vegas. “With thousands of woodworking professionals expected to attend the AWFS event, Balboa Capital is very excited to take part as one of its valued vendor members,” said Ms. Hort. “We are committed to this highly specialized industry, and our involvement with the AWFS gives us access to a larger network of woodworking equipment vendors that can benefit from our financing expertise. We look forward to meeting business owners and giving them an overview of our industry-leading equipment vendor financing program that can help take their sales and profits to the next level.” Balboa Capital produced an equipment vendor financing video that explains the program in more detail.

For more information about Balboa Capital’s equipment vendor financing program, please contact Carla Freberg at (949) 553-3448 or via email at carlamf(at)balboacapital(dot)com.

About AWFS The full-scale international AWFS®Fair, scheduled for Wednesday - Saturday, July 24 – 27, 2013 in Las Vegas, has become a critical hub for international commerce in the woodworking industry. The AWFS®Fair brings together the entire home and commercial furnishings industry, including manufacturers and distributors of machinery, hardware, lumber, construction materials and other suppliers to the furniture, cabinet manufacturers and custom woodworkers. For more information, visit http://www.awfsfair.org/.

07/10/13 - Balboa Capital Hires New Finance Managers, Develops Industry-Specific Teams For Its Commercial Financing Division

IRVINE, California, July 10 – Balboa Capital, one of the largest independent equipment financing companies the United States since 1988, today announced the addition of new commercial finance managers and the development of industry-specific teams to keep pace with the growing financing needs of middle-market companies throughout the United States.

“In order to continue providing our clients with the knowledgeable and responsive service we are known for, we hired more top-level commercial finance managers and organized our commercial division into teams that focus on specific business industries,” said Don Hansen, Vice President of Balboa Capital’s Commercial Finance Division. “With Balboa Capital, there is no learning curve because we already have a deep understanding of the various business sectors we serve, and of the many types of capital equipment that middle-market companies in these sectors utilize. This helps us structure the most appropriate commercial financing programs for our clients, and deliver them in a timely manner.” You can learn more by watching this commercial financing video from Balboa Capital.

Balboa Capital’s commercial division works with companies in a wide variety of industries, including food processing and packaging, manufacturing, pharmaceutical manufacturing, technology and transportation. The company offers commercial equipment financing plans ranging from $250,000 to $10 million, as well as commercial business loans. For more information about Balboa Capital’s commercial financing capabilities, please contact Don Hansen at (949) 553-3464 or via email at donfh(at)balboacapital(dot)com.

06/13/13 - Balboa Capital Announces Financing Partnership With Electric & Gas Industries Association

IRVINE, California, June 13, 2013 – Balboa Capital, a top provider of small business loans and equipment leasing in the United States, today announced that it has partnered with the Electric & Gas Industries Association (EGIA), a national non-profit energy efficiency and renewable energy contractor association. Balboa Capital will power EGIA’s nationally recognized GEOSmart Commercial Financing Program and provide custom-tailored finance solutions to EGIA members.

“We are excited to establish a partnership with the EGIA” said Steve Taylor, Director of Business Development for Balboa Capital’s Vendor Services Division, adding, “It expands our reach and enables us to facilitate financing programs for EGIA’s member contractors, distributors and manufacturers that deliver energy efficient and renewable energy solutions to commercial customers throughout North America.”

With the GEOSmart Commercial Financing Program, businesses of all sizes now have a comprehensive, quick and easy way to finance energy efficiency upgrades, including heating and cooling (HVAC), geothermal heat pumps, lighting, solar PV and solar water heating applications, refrigeration, energy efficient office equipment and more. The GEOSmart Commercial Financing Program is available for small businesses and retail, commercial and industrial facilities. Through the program, projects ranging from $5,000 to $5 million can be financed with lease terms up to 60 months.

EGIA selected Balboa Capital as its financing partner based on the company’s depth of experience and solid reputation in the industry. “Our new partnership with Balboa Capital dramatically enhances the GEOSmart Commercial Financing Program,” said Bruce Matulich, CEO of EGIA. “Balboa Capital’s aggressive rates, flexible terms, national reach, and state-of-the-art financing tools will allow us to deliver an unparalleled commercial financing solution to our member contractors, manufacturer and distributor partners, and government and utility clients.”

For more information about EGIA’s GEOSmart Commercial Financing Program with Balboa Capital, contact Steve Taylor at (888) 475-7915 or via email at stevedt(at)balboacapital(dot)com.

06/11/13 - Balboa Capital Becomes Endorsed Lease Financing Resource for International Business Products, Incorporated

IRVINE, California, June 11, 2013 – Balboa Capital, a top provider of small business loans and office products dealer financing in the United States, today announced that it has become an endorsed lease financing resource for International Business Products, Incorporated (IBPI), which is the largest buying group for commercial copier and printer dealers in the United States. Through this relationship, Balboa Capital will structure and implement financing programs for IBPI members nationwide.

“We are pleased to be an endorsed lease financing resource for IBPI because it allows us to provide our industry-leading products and services to their valued members,” said Jerry Harne, Business Development Manager for the Vendor Services Division at Balboa Capital. “Balboa Capital has a strong presence in office products dealer financing and is recognized as a responsive and dedicated financing company that delivers financing solutions designed to help dealers drive sales, increase profits and build brand value. Balboa Capital takes pride in being an independent financing company, so working with the largest organization of independent office equipment dealers is an ideal arrangement for both parties.”

Balboa Capital’s financing products for IBPI members include software-only programs, dealer rental programs and new business programs, among others. An independently owned and operated financing company since 1988, Balboa Capital offers IBPI members the stability, discipline, lending power and highly personalized service they expect. Balboa Capital has a dedicated office products dealer financing team that facilitates transactions quickly. All finance applications are evaluated by a Balboa Capital credit officer, which allows for higher approval ratios and better terms when compared to automated lending decision software systems. In addition, IBPI members who become dealer partners with Balboa Capital will have access to a comprehensive online equipment dealer sales tool that enables them to manage every aspect of their customers’ accounts from a computer, laptop, tablet or mobile device. This includes calculating finance estimates, submitting new applications, viewing sales reports, and checking lease maturity dates and delinquencies, to name a few.

For more information about Balboa Capital’s lease financing products for IBPI members, please contact Jerry Harne at (888) 475-7918 or via email at jerrymh(at)balboacapital(dot)com.

06/03/13 - Balboa Capital Expands Point-Of-Use Water Equipment Vendor Financing Division

IRVINE, California, June 3, 2013 – Balboa Capital, a leading independent financing company in the United States since 1988, today announced the expansion of its point-of-use water (POUW) equipment vendor financing team. The company added new finance managers, credit specialists and customer service representatives, plus made several key enhancements to its POUW equipment vendor financing program.

“These efforts address the increased demand from POUW equipment dealers and demonstrate our ongoing commitment to this highly specialized industry,” said Carla Freberg, Vendor Services Manager at Balboa Capital. “The addition of new and talented financing professionals to our team will increase our competitive advantage in POUW equipment vendor financing and allow us to better serve our growing base of POUW equipment dealers throughout the country.” Ms. Freberg also discussed Balboa Capital’s newly enhanced vendor financing program. “We secured a revolving credit facility from Wells Fargo Capital Financing, which greatly increases our lending power, and we streamlined our online financing tools so our POUW vendor partners can manage every aspect of their customers’ accounts from a computer, tablet or mobile device.”

For more information about Balboa Capital’s POUW equipment vendor financing program, please contact Carla Freberg at (949) 553-3448 or via email at carlamf(at)balboacapital(dot)com. You can learn more about Balboa Capital’s capabilities by viewing this water equipment vendor financing video. The company also developed an informative water industry infographic that you can download for free.

05/29/13 - Balboa Capital Becomes Qualified Vendor For Choice Hotels Franchisees

IRVINE, California, May 29, 2013 – Balboa Capital, a leading provider of franchise financing, announced it has become a Choice Hotels Qualified Vendor that will offer financing to Choice Hotels franchisees nationwide. Through the Choice Hotels Qualified Preferred Vendor Program, Balboa Capital will develop and offer custom-tailored financing programs to franchisees to acquire furniture, fixtures and equipment (FF&E) and move forward with re-imaging/remodeling efforts, product improvement programs (PIP) and expansion/build-out initiatives. The company will also make available several business loan products to franchisees that can be used for a wide variety of their business needs.

“Establishing this relationship with Choice Hotels speaks to Balboa Capital’s lengthy track record of success in the hotel and hospitality industry,” said Angela Stoltenberg-Anderson, Director of Business Development of Balboa Capital’s Franchise Services Group. “We work with some of the largest brands in this competitive sector whose franchisees benefit from our aggressive financing rates, rapid funding, and customer service that is second to none. Franchisees will work with the same Balboa Capital franchise financing expert every step of the way, which is more personalized and allows for optimum efficiency.”

Balboa Capital’s franchise financing experience and expertise is not limited to the hotel and hospitality arena. The company works with well-known franchise brands in the quick service restaurant (QSR), fitness, automotive, and home repair and improvement industries, among many others. For more information about Balboa Capital’s franchise financing program, please contact Angela Stoltenberg-Anderson at (866) 991-7911 or via email at angelaca(at)balboacapital(dot)com.

05/28/13 - Balboa Capital Continues Accelerated Growth, Adds 70 New Employees And Additional Office Location

IRVINE, California, May 28, 2013 – Balboa Capital, a leading provider of small business loans and equipment leasing in the United States, hired 70 new employees to accommodate the company’s rapid increase in new business and acquisition of several new strategic partners. To accommodate its growth, Balboa Capital added a new office location in a building adjacent to its corporate headquarters in Irvine, California.

“This is a great time for Balboa Capital,” said Phil Silva, President of Balboa Capital. “There is a strong demand for our diverse portfolio of financing products, and we are expanding our staff to meet the needs of our valued customers and vendor partners, and provide them with the exemplary level of customer service we are known for.” Balboa Capital’s 70 new staff members work in a variety of departments throughout the company, including sales, business development, accounting, customer service, marketing and information technology (IT).

Balboa Capital recently conducted a survey of over 500 of its customers nationwide, and 98% of them gave the company the highest satisfaction marks possible. “The results of this survey validate our mission, which is to provide our customers with the best financing experience possible,” said Mr. Silva. Balboa Capital knows that many business owners seek out unbiased opinions from their peers – or look for customer testimonials – when it comes time to select a financing company. So, the company has a YouTube Channel and dedicated website page with equipment leasing video testimonials from its actual customers.

04/24/13 - Balboa Capital Doubles Size Of Commercial Financing Team, Enhances Product Offering

IRVINE, California April 24, 2013 - Balboa Capital, a leading independent financing company in the United States since 1988, announced the large expansion of its commercial finance division to accommodate demand and serve middle-market businesses nationwide. The company doubled the size of its commercial financing team and made a significant enhancement to its commercial equipment financing program.

“Our commercial financing business is expanding rapidly, and we took the steps necessary to meet the needs of middle-market companies in all industries,” said Don Hansen, Vice President of Balboa Capital’s Commercial Finance Division. “We now have over 20 talented commercial finance managers who work with both existing and prospective customers throughout the country. Our team has extensive knowledge of credit-based and asset-based lending and is dedicated to developing dependable, value-driven equipment financing plans for our customers,” added Mr. Hansen.

Balboa Capital’s commercial division works with companies with annual revenues from $10 million to $200 million that need equipment financing ranging from $250,000 to $10 million. The company recently enhanced its commercial financing capabilities by securing a new revolving credit facility from Wells Fargo Capital Finance. “Our new credit facility is the perfect complement to our commercial equipment financing program because it gives us bigger lending power,” said Mr. Hansen. “Sound financing solutions backed by fast, dependable funding are what today’s CFOs and Controllers want, and Balboa Capital delivers.”

For more information about Balboa Capital’s commercial financing program, please contact Don Hansen at (949) 553-3464 or via email at donfh(at)balboacapital(dot)com.

04/17/13 - Balboa Capital Becomes Preferred Lender for Papa John’s Franchisees

IRVINE, California April 17, 2013 - Balboa Capital, a leading provider of franchise financing in the United States, announced it has become a preferred lender for Papa John’s current and prospective franchisees nationwide. Balboa Capital will provide tailored financing solutions for furniture, fixtures and equipment (FF&E), re-imaging/remodeling efforts, product improvement programs (PIP) and lease-hold improvements. Balboa Capital has a successful track record working with franchise business owners in the quick service restaurant (QSR) industry and recently expanded its franchise division to meet the growing demand of this business sector.

Angela Stoltenberg-Anderson, Director of Business Development for the Franchise Division of Balboa Capital’s Vendor Services Group, established the financing partnership with Papa John’s. “Balboa Capital is extremely proud to have secured a preferred lender position with Papa John’s,” said Ms. Stoltenberg-Anderson. “We developed a financing program for Papa John’s that will meet and exceed the expectations of their franchisees throughout the country.” Balboa Capital is a direct lender, and the company’s franchise financing program is backed by aggressive rates, rapid funding and excellent customer service. Balboa Capital recently conducted a survey of 300 of its customers, and over 98% of them gave the company the highest satisfaction marks possible.

For more information about Balboa Capital’s franchise financing program, please contact Angela Stoltenberg-Anderson at (866) 991-7911 or via email at angelaca(at)balboacapital(dot)com.

About Papa John’s International Headquartered in Louisville, Kentucky, Papa John's International, Inc. is the world's third largest pizza company. For 11 of the past 13 years, consumers have rated Papa John's No. 1 in customer satisfaction among all national pizza chains in the American Customer Satisfaction Index (ACSI). Papa John's is the Official Pizza Sponsor of the National Football League. For more information about the company or to order pizza online, visit Papa John's athttp://www.papajohns.com.

03/26/13 - Balboa Capital Expands Business Funding Team, Enhances Small Business Loan Products

IRVINE, California, March 26, 2013 - Balboa Capital Corporation, a leading independent financing company in the United States, helps small and medium-sized businesses get the funding they need with its enhanced small business loan options that are easy to apply for and have a high approval rate. Balboa Capital has made business loan solutions an integral part of its product offering; the company recently added experienced financing experts to its growing business funding team that provides working capital loans, business cash advances and flexible business loans to companies nationwide.

Many business owners are finding it hard to secure conventional loan products that require solid credit scores and extensive collateral. “With lengthy applications and extensive underwriting procedures, the entire loan process can seem overwhelming to any business owner,” said David Van Patten, Business Funding Director at Balboa Capital. “We don’t want anything to prevent business owners from getting the capital they need. So, we offer business loan products that address the many challenges that today’s business owners are facing.”

Mr. Van Patten is referring to Balboa Capital’s new and more streamlined approach to small business loans that involves a one-page loan application, fast credit decisions, and funding in as little as five days. “Business owners can use our free business loan calculator and submit their loan applications directly through our website from any computer, tablet or mobile device. Our knowledgeable and dedicated finance managers work diligently to fund loans quickly, which allows busy business owners to focus their time and energy on running their companies," added Mr. Van Patten.

03/19/13 - Balboa Capital Expands Franchise Financing Division

IRVINE, California, March 19, 2013 – Balboa Capital, a leading independent financing company in the United States since 1988, announced the expansion of its franchise financing division. The company has seen continued growth in the franchise franchising sector and, in response to the increase in demand, has added new sales managers and a business development director. The expansion reflects Balboa Capital’s continued commitment to this key business sector that produces $2.1 trillion of direct and indirect economic output for the US economy according to the International Franchise Association.

“We are expanding our team and increasing our visibility to demonstrate our commitment to franchisors and franchisees nationwide,” said Patrick Ontal, Balboa Capital’s Vice President of Sales for its Vendor Services Group. “No matter what their financing needs are, we can guarantee there will be a Balboa Capital franchise financing expert ready to support them with knowledgeable and responsive service.” Balboa Capital has a long track record of success with franchise business owners who need financing for equipment, inventory, technology and fixtures, as well as for expansion and remodeling/re-imaging efforts. Balboa Capital also offers several small business loan solutions as well as financing programs for franchise equipment vendors.

Mr. Ontal attributes the company’s simplified financing process as a key reason for its success. “In order to meet the needs of our current and future customers, we have systems in place that make it easy for them to access the capital they need. Franchise equipment financing applications can be submitted online in a matter of minutes, credit decisions are made within one hour, and funding can be provided on the very same day. Plus, we can fund franchise business loans in a matter of days.” You can learn more about Balboa Capital’s capabilities by viewing this franchise financing video. The company also developed an informative franchise financing infographic that you can download for free.

Balboa Capital’s franchise financing expertise and established customer base has put them in demand among franchisees. The company is the preferred financing resource of franchise business owners in the quick service restaurant (QSR), hotel and hospitality, consumer service, retail and automotive industries, among others. Balboa Capital works with some of the largest and most recognized franchise brands in the country.

02/20/13 - Seasoned Business Development Director Joins Balboa Capital Franchise Financing Team

IRVINE, California, February 20, 2013 - Balboa Capital, a leading independent equipment financing company since 1988, announced the appointment of Angela Stoltenberg-Anderson as Director of Business Development for the Franchise Division of the company’s Vendor Services Group. In her new role, Ms. Stoltenberg-Anderson will be responsible for developing financing programs for large, mid-size and emerging franchisors nationwide that enable their franchisees to confidently access capital in an easy and efficient manner.

“It is a pleasure to team up with Angela again after 15 years. She has a proven track record in business development and is a great addition to our company’s already strong franchise financing team,” said Phil Silva, President of Balboa Capital, adding “her ability to craft and deliver creative and helpful financing programs to franchisors in all industries will propel our franchise division to further success.” Ms. Stoltenberg-Anderson will work closely with Balboa Capital’s various departments to ensure that every financing program meets or exceeds the expectations of both franchisors and franchisees. Prior to joining Balboa Capital, she held various business development roles and served as vice president for large banks, captives and independent leasing companies.

Balboa Capital has become a major player in the franchise financing arena, particularly in the hotel and hospitality, quick service restaurant (QSR) and consumer service industries. The company provides equipment financing, re-imaging financing and working capital loans to franchise business owners nationwide.

For more information about Balboa Capital’s franchise financing program, please contact Angela Stoltenberg-Anderson at (866) 991-7911 or via email at angelaca(at)balboacapital(dot)com.

01/31/13 - Balboa Capital Introduces Online Small Business Resource Kit

IRVINE, California, January 31, 2013 – Demonstrating their 25-year commitment to small businesses in the United States, leading independent financing company Balboa Capital introduced an online Small Business Resource Kit. It features information, resources and interactive tools that small business owners can use to help make their companies successful. Balboa Capital’s Small Business Resource Kit is free to download and includes links to a variety of whitepapers, infographics and videos, including one on small business confidence.

“The importance of small businesses in the United States cannot be underestimated. They are a vital part of our economy,” said David Van Patten, Business Funding Director at Balboa Capital. He adds, “We do our part to help small businesses grow by providing them with fast, dependable funding, and now we’re doing it with our online Small Business Resource Kit.” Balboa Capital has long-term relationships with countless business owners and equipment vendors nationwide, and the company reached out to them when developing their Small Business Resource Kit. “We wanted to feature real-world information about current and emerging trends, and we gathered some great insight from our customers,” said Mr. Van Patten.

Balboa Capital’s Small Business Resource Kit is comprehensive and can be downloaded and viewed on any computer, laptop, tablet or mobile device. Small business owners can use it to find answers to common questions about business credit, cash flow, business financing and the Section 179 tax deduction, to name a few.

01/24/13 - Balboa Capital Launches Section 179 Awareness Campaign And Tax Calculator For Small Businesses

IRVINE, California, January 23, 2013 – Balboa Capital, a leading provider of equipment financing and small business loan options to companies nationwide, recently launched a new Section 179 awareness campaign for small business owners. It consists of customer email communications, new website content, a professionally produced Section 179 video, free downloadable whitepaper and multiple blog entries. Balboa Capital also added a custom-designed Section 179 tax savings calculator to its website.

“Many small business owners aren’t too familiar with the Section 179 tax deduction, so we invested a lot of time and effort into developing a comprehensive awareness campaign,” said David Chiurazzi, Chief Financial Officer at Balboa Capital, adding “Our goal is to make our customers and prospects aware of Section 179 and its many benefits, and inform them of the latest changes that just went into effect.” Mr. Chiurazzi is referring to the Section 179 deduction limit for 2013, which was recently increased to $500,000 by Congress as part of the “fiscal cliff” deal. This is welcome news for small business owners because the deduction limit was originally scheduled to drop to $25,000 this year. “Now is the time to invest in capital equipment, because the half-million dollar deduction allowance will not be available next year,” added Mr. Chiurazzi. “On top of that, the 50% bonus depreciation on new equipment was given a one-year extension.”

Balboa Capital’s new online Section 179 tax calculator is the company’s latest in a series of on-demand financing tools. The free online calculator is highly intuitive and produces an instant snapshot of everything business owners need to know about their qualifying equipment purchase under the Section 179 tax deduction. This includes estimated bonus depreciation, estimated first-year depreciation deduction, estimated total first-year deduction, estimated cash savings, and estimated total cost of equipment. Balboa Capital recommends that you consult with your accountant to find out if the equipment you want to acquire is eligible for the Section 179 tax deduction, and to get a more accurate picture of your individual tax savings.

01/02/13 - Balboa Capital Delivers Innovative Online Sales Solution For Equipment Vendors Nationwide

IRVINE, California January 02, 2013 - Balboa Capital Corporation, one of the largest independent equipment leasing companies in the United States, now offers new and improved finance banner links and branded webpages to help equipment vendors drive sales and increase profits. This innovative web-based sales tool is an integral part of Balboa Capital’s industry-leading equipment vendor financing program, and it has benefited hundreds of dealers in a multitude of industries across the nation. You can learn more about Balboa Capital’s banner link program in this informative vendor financing video the company produced.

“We are pleased to offer this unique product to our valued vendor partners because it creates sales opportunities like never before,” said Carla Freberg, Vendor Services Sales Manager at Balboa Capital. Existing customers and prospects who visit a vendor’s website can click on a finance banner link and go to a simple one-page finance application that Balboa Capital customizes with the vendor’s company logo. Once the application is submitted, the vendor partner and Balboa Capital finance manager are immediately notified. Balboa Capital will then provide a credit decision within one hour or less, and deals can be funded on the same day. “It’s the on-demand financing capability and real-time service that today’s busy equipment vendors and their customers expect,” added Ms. Freberg.

Equipment vendors who want to take advantage of customized banner links and applications simply need to become vendor partners of Balboa Capital, and the application process takes just a few minutes. You can also contact Carla Freberg directly at (949) 553-3448 or via email at carlamf@balboacapital.com.

12/19/12 - Balboa Capital Expands Funding Capacity By Securing Credit Facility With Wells Fargo

IRVINE, California, December 19, 2012 – Balboa Capital Corporation, a leading provider of equipment financing and small business loan options, announced the acquisition of a revolving credit facility with Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC). Balboa Capital will use this additional capacity to fund the company’s complete portfolio of financing products that are used by small businesses and equipment dealers throughout the United States. These include commercial business loans, working capital loans, merchant cash advances and franchise financing.

“We are very pleased to extend a credit facility to Balboa Capital Corporation,” said Andrea Petro, Division Manager of the Lender Finance Division of Wells Fargo Capital Finance, adding “We have known and admired Balboa’s long track record of success and look forward to supporting Patrick Byrne and his team’s plans for the continued growth of their business.”

Balboa Capital’s solid financial standing, along with its rapid growth, helped establish a strong relationship with Wells Fargo. “Securing financing speaks to the strength of our company as we enter our 25th year in business,” said David Chiurazzi, Chief Financial Officer at Balboa Capital.

“Wells Fargo will further enhance the strong foundation that we have and enable us to continue providing dependable funding to our small business customers and vendor partners.” You can learn more about the Balboa Capital value proposition in this equipment leasing video.

Getting a small business loan approved has never been more challenging than in today’s uncertain financial climate, but Balboa Capital provides small business owners with financing alternatives that are easy, hassle-free and offer a high approval rate. “With our low rates and flexible financing solutions, we’ve helped businesses in all industries get the capital they need to grow and succeed, said Mr. Chiurazzi. He adds, “Our funding from Wells Fargo is a key component that will help us expand our financial reach in 2013 and beyond.”

12/05/12 - Balboa Capital Selected As Financing Partner For Advantage Fitness Products

IRVINE, California, December 5, 2012 – Balboa Capital, a nationwide equipment leasing company, is proud to announce it has been selected as the vendor financing partner of Advantage Fitness Products, a leading provider of innovative fitness and wellness solutions for amenity-based facilities and private clubs. Balboa Capital has a dedicated vendor team that specializes in fitness equipment leasing, and the company will provide financing solutions for Advantage Fitness Products’ clients throughout the United States.

“We have selected Balboa Capital as our partner for equipment financing due to their exemplary level of customer care and processing speed on behalf of our clients,” said Rob Newkirk, Vice President of Sales and Business Development at Advantage Fitness Products. Mr. Newkirk is referring to Balboa Capital’s longstanding commitment to outstanding service and ability to provide same-day funding. Clients of Advantage Fitness Products can also expect to save money as a result of this partnership. “Our tailored programs with Balboa Capital allow us to provide the most competitive lease rates in the fitness marketplace,” Mr. Newkirk added.

In addition to fast funding, Balboa Capital’s industry-leading vendor financing program is backed by innovative online sales tools that enable equipment dealers to manage every aspect of their accounts from a computer, tablet or mobile device. This helps them close more deals, increase profits and generate more long-term customers.

11/05/12 - As Section 179 Nears Expiration, Balboa Capital Sees Increase in Business Equipment Leasing

IRVINE, CA--(Marketwire - Nov 5, 2012) - Balboa Capital, a leading equipment financing and working capital loan company in the United States, is seeing an increase in capital equipment investing by small business owners who want to take advantage of the current Section 179 tax deduction before it expires on December 31, 2012. After this deadline, the Section 179 deduction limit will drop to $25,000 from its current limit of $139,000. Balboa Capital recently launched a comprehensive awareness campaign that includes a Section 179 infographic and Section 179 video that highlights their online Section 179 tax calculator.

With 2012 coming to a close, now is the time for businesses to acquire new or used capital equipment that qualifies under Section 179. Companies can write off the full purchase price of qualifying equipment that is bought and put into use before the end of the year. "Investing in new equipment is a way for businesses to grow and succeed, and Section 179 encourages this," said David Chiurazzi, Chief Financial Officer at Balboa Capital. He adds, "Small businesses are on the fast track to get new equipment because today's generous tax deductions won't be here in 2013."

The Section 179 tax deduction is an IRS tax code that allows businesses to deduct up to $139,000 worth of eligible business property that is purchased or financed in 2012, instead of depreciating the asset over several years. On January 1, 2013, this maximum deduction is decreasing to $25,000, and the first-year bonus depreciation on new equipment, which is currently 50%, will be eliminated. Only tangible, depreciable business property qualifies for Section 179, such as office equipment, computers, machinery and business vehicles. "There's a list of qualifying equipment on the IRS website, but business owners should always consult with their accountants," said Mr. Chiurazzi.

09/18/12 - Working Capital Loans from Balboa Capital are a Fast and Easy Alternative to Traditional Bank Loans

IRVINE, California, September 18, 2012 – Balboa Capital Corporation, a top equipment financing company in the United States, is also a leading provider of working capital loans, which are a great option for businesses that need a quick and hassle-free way to acquire cash for a variety of needs. Balboa Capital has a dedicated business funding group that specializes in working capital loans for companies in all industries.

Finding the right business loan solution can be a challenge for any business owner. Banks and credit unions offer several conventional products, but their stringent approval processes can make them inaccessible. “When a traditional business loan isn’t an option for a company, we can help,” said David Van Patten, Business Funding Director at Balboa Capital. “Our working capital loan programs help businesses acquire the funding they need in a matter of days. Fast funding sets us apart, and it’s one of the main reasons why so many companies are choosing us for their working capital needs,” added Mr. Van Patten.

Once you receive your working capital loan, you can use it as you see fit for your business. “Our customers get working capital loans to meet payroll budgets, boost marketing efforts, increase inventory, pay business taxes and more,” said Mr. Van Patten, adding, “It’s the ideal business loan solution for any company because of its flexibility.”

Balboa Capital developed a small business loan infographic that features information about the various loan types that are available, along with a YouTube video that gives an overview of their online working capital calculator. The user-friendly calculator provides an instant working capital prequalification amount along with a recommended loan program. For more information about working capital loans, contact David Van Patten at (866) 757-5501 or email him at davidmv@balboacapital.com.

08/29/12 - Balboa Capital Adds Over 30 Equipment Leasing Professionals Nationwide

IRVINE, California, August 29, 2012 - Balboa Capital, a leading equipment leasing company in the United States for more than two decades, announced the addition of 33 new employees. The company is experiencing rapid growth and reinvesting in its operations to meet the needs of its customers in the small ticket, middle market and vendor financing channels.

"This is a really exciting time for our company. Small and medium-sized businesses nationwide need a trusted and proven resource to provide them with fast, dependable equipment leasing solutions, and we have the team and resources to do this," said Carla Freberg, Vendor Services Sales Manager at Balboa Capital. "We are seeing an upward trend in capital investing, and we felt it necessary to increase our staff so we can continue delivering high-quality equipment financing products and services to our customers. We are excited to welcome these talented new members to our various financing divisions. Their knowledge, experience and professionalism will represent Balboa Capital well," Mrs. Freberg added.

Balboa Capital is gearing up for the busy final months of 2012, particularly with the current Section 179 Tax Provision expiring on December 31. "Under Section 179, businesses can deduct up to $125,000 of the full purchase price of new and used capital equipment, but this deduction amount is expected to decrease to $25,000 in 2013," said Mrs. Freberg, adding, "Now is the time for business owners to invest in their companies and take advantage of some excellent tax benefits in the process."

Balboa Capital will continue to bring additional financing professionals on board to fill important roles at the company. Visit their careers page online to see a list of current job openings. Additionally, you can watch this YouTube video to see what it's like to work at Balboa Capital.

07/25/12 - Balboa Capital Adds Staff Based on Increased Business Confidence, Capital Spending

IRVINE, California, July 25, 2012 – Balboa Capital, one of the largest independent equipment financing companies in the United States, is adding new staff members to effectively manage the influx of anticipated new business. The company sees today’s increased business confidence nationwide, as reported by many leading financial news sources and research firms, as a key driver in this hiring initiative.|

“Based on the information we’re reading, and from what our customers are saying, we feel considerably optimistic about our nation’s current economic condition,” said Ernest Leal, Regional Sales Manager at Balboa Capital. He adds, “equipment leasing is on the rise; small and medium-sized business owners are starting to invest in new equipment and technology to grow their companies and achieve a competitive advantage.” Mr. Leal said Balboa Capital expects to see an increase in new and repeat business, and that the company is well prepared. “Balboa Capital is committed to meeting the demand for our fast, dependable and industry-leading financing solutions. We expanded our team of knowledgeable, experienced financing professionals to serve our small ticket, middle market and vendor financing sales channels,” he said.

With their renewed optimism, CEOs are investing in their businesses, and many of them are turning to alternative financing options in order to preserve capital. “Whether a business owner wants to increase capacity, improve productivity or expand their operation, Balboa Capital can help,” said Mr. Leal, adding “New equipment or technology can be a major capital expenditure, but our equipment leasing programs make it affordable. And for businesses that need fast cash, we offer working capital loans, merchant cash advances and flexible business loans.” Mr. Leal discusses the sentiments and expectations of business owners in this YouTube video. Balboa Capital also developed an infographic with some interesting facts about small business confidence.

05/15/12 - Balboa Capital Leading The Way With Fast, Dependable Financing For Cloud Computing Services

IRVINE, California, May 15, 2012 – Balboa Capital Corporation, a top equipment leasing company in the United States, is a leader in cloud computing services financing. The company, which has a long and successful track record in software equipment leasing, helps businesses acquire cloud solutions with affordable finance plans. Plus, Balboa Capital’s rapid funding capabilities helps companies speed their time to market with a variety of cloud-based applications.

Companies that are forward-thinking are implementing cloud-based software and applications to improve operational efficiency and reduce costs. “Today, it’s evident that moving business to the cloud isn’t just a trend, but a business imperative,” said Patrick Ontal, Vice President of Sales, Vendor Division at Balboa Capital. He adds, “Cloud-based services such as SaaS, PaaS and IaaS offer varying degrees of capability and flexibility. Companies can select the best cloud solution for their individual needs, and manage their software applications and data storage needs without having to add new computer servers.” Additionally, cloud computing allows for anytime, anywhere access to business software and files.

The demand for cloud capabilities is increasing as companies look for ways to streamline and scale their software applications and IT infrastructure. Once business owners find the right cloud computing model or service provider, they can look to Balboa Capital for low-cost financing. “Despite the strong demand for cloud services, many banks and finance companies are offering very limited financing structures for this web-based technology,” said Mr. Ontal, who adds, “As a leading provider of cloud software leasing, we excel at delivering affordable solutions and dependable funding, including aggressive 60-month finance terms.” Balboa Capital also has an industry-leading cloud software vendor program that helps software dealers increase sales. The company developed a complimentary whitepaper, “5 Ways Your Business Can Benefit From Cloud Computing,” that you can download.

03/13/12 - Working Capital Solutions From Balboa Capital Help Businesses Meet Daily Operating And Long-Term Goals

IRVINE, California, March 13, 2012 – Balboa Capital Corporation, a recognized leader in equipment financing, has several working capital solutions for small and medium-sized business owners who are having difficulty securing financing. The company has made working capital products an integral part of their service offering, which is good news for businesses throughout the United States that need access to capital.

“Small and medium-sized businesses help our economy prosper, but many of them lack the capital needed to grow and succeed,” said David Van Patten, Business Funding Director at Balboa Capital. “Business operating expenses are up, customers are taking longer to pay their bills, and a high percentage of small business loans are being rejected by banks. All of these factors are presenting significant challenges to business owners.” Balboa Capital is changing the financing landscape by offering working capital solutions that meet the needs and expectations of today’s business owners. “Our working capital loans, merchant cash advances and flexible business loans are fully customized and hassle-free,” said Mr. Van Patten, who adds, “Our simple application can be completed in just minutes, credit decisions are made within one hour, and we can provide funding in as little as three days with a signed contract.” Balboa Capital’s YouTube channel has a video that gives you more information about their working capital loan program.

Along with a simplified application process and quick funding capabilities, Balboa Capital’s working capital division provides customers with uncompromising service. “We’re more than a financing resource for our customers,” said Mr. Van Patten. “We’re partners in their success. We get to know their business and their short- and long-term cash needs, and this helps us recommend the most appropriate working capital solution.” Balboa Capital offers short-term loans from three to 36 months, and their customers can count on getting highly competitive rates. Balboa Capital welcomes the opportunity to find the right working capital solution for your business. For more information, please contact David Van Patten at (866) 757-5501 or via email at davidmv@balboacapital.com.

03/06/12 - Balboa Capital’s Online Equipment Lease Calculator Raises Bar For Estimating, Ease-Of-Use

IRVINE, California, March 6, 2012 – Balboa Capital Corporation, a leading equipment financing company in the United States, announced the launch of their new customizable online equipment lease calculator. Designed with their customers’ total convenience in mind, Balboa Capital’s innovative lease calculator provides users with estimated monthly lease payments, an estimated net cost analysis and incremental monthly profit gained, all with a simple click of the mouse.

“Our customers already recognize the many ways that we use web-based tools and technology to provide them with fast and efficient financing, and we believe our new online lease calculator will enhance our product offering to them,” said David Chiurazzi, Chief Financial Officer at Balboa Capital. Mr. Chiurazzi thinks today’s busy business owners will greatly benefit from an online calculator that provides more than just estimated monthly lease payments. “Seeing an estimate of the net cost and return-on-investment gives business owners and their CFOs a snapshot of the big picture. Many of them are amazed to learn how cost-effective equipment leasing is – and how much additional profit it represents – and our new lease calculator is an on-demand tool that delivers,” he said.

The Balboa Capital equipment lease calculator is easy to use and can be accessed via any computer, smart device or tablet with an Internet connection. Users simply enter an estimated loan amount and estimated incremental profit amount, click the “calculate” button, and the calculator does the rest. Estimated lease payment options for 24, 36, 48 and 60-month lease terms, along with an estimated net cost analysis and estimated additional monthly profit show up instantly. This results in substantial time savings and optimum convenience for users, as all of the information they need is calculated and presented in real-time on one web page. Balboa Capital’s YouTube channel has a video that gives you an overview of their new equipment lease calculator.  Access the Balboa Capital equipment lease calculator today to find out how much you can save with an equipment lease.

02/28/12 - Balboa Capital Launches Commercial Vehicle Vendor Finance Program

IRVINE, California, February 28, 2012 - Balboa Capital Corporation, a leading equipment financing company in the United States, announced the hiring of five experienced and accomplished employees for its newly formed Commercial Vehicle Vendor Financing Team.

Jack Hirsh, Jim Bryan, Brian McDermott and Richard Parker, Regional Managers; and Wayne Pass, Credit Manager, recently joined Balboa Capital Corporation’s Vendor Services Group. This team of financing professionals has many decades of documented success along with a wealth of industry-specific knowledge.

“This is the time to enter the specialty vehicle space and we could not have picked a better team to help us with this endeavor,” said Phil Silva, President of Balboa Capital, who adds, “These individuals have a tenured and successful track record of partnering with dealers across the country. Their efforts, along with our industry-leading Value Proposition, will contribute to the short- and long-term success of our vendor partners.”  For more information about Balboa Capital’s Commercial Vehicle Vendor Financing Program, please contact Jack Hirsh at (855) 816-7975 or via e-mail at jackmh@balboacapital.com.

10/12/11 - Balboa Capital Launches Hotel Franchise Financing Program

IRVINE, California, October 12, 2011 - Balboa Capital Corporation, a leader in equipment financing in the United States, is pleased to announce that it has just launched a hotel-specific franchise finance program to assist franchisees within the lodging and hospitality industry. “Our program offers franchisees more access to the funding and working capital solutions they need to lease equipment, acquire software, remodel or open a new location,” said William McGrew, Business Development Manager at Balboa Capital.

Balboa Capital has been the trusted financing resource for franchisees throughout the United States since 1988. “Our extensive experience in franchise financing, specifically in the hotel and hospitality arena, is a tremendous benefit to hotel franchisees because we fully understand their business and its unique capital requirements,” said Patrick Ontal, Vice President of Sales at Balboa Capital. Mr. Ontal adds, “The franchise finance management team and account managers at Balboa Capital have many decades of combined experience, and we’ve held key positions at some of the most well-known financial institutions in the country.”  Balboa Capital goes one step further by taking into consideration the slow seasons that hotels can experience. “Our hotel-specific franchise finance program is flexible and addresses the seasonality concerns that are commonly experienced by franchisees,” said Mr. McGrew, adding, “Balboa Capital’s custom-tailored finance programs and working capital solutions are just what franchisees need to save money and remain competitive.”

For more information about Balboa Capital’s hotel-specific equipment financing program or franchise financing, please contact Will McGrew at (877) 407-7913, or via e-mail at williamtm@balboacapital.com.

07/27/11 - Balboa Capital Unveils New Mobile Compass For Its Vendor Partners

IRVINE, California, July 27th, 2011 – Balboa Capital Corporation, a leader in equipment financing within the United States, is pleased to announce the launch of Mobile Compass®. The new functionality of Mobile Compass will bring all of the great features of Balboa Capital’s proprietary vendor sales management system directly to mobile devices for anytime, anywhere access. Compass is Balboa Capital’s robust online sales management tool that allows its Vendor Partners to efficiently track and manage their customers’ financing transactions.

Mobile Compass features an intuitive platform that is streamlined and very user friendly. Data such as a credit application can be entered with ease and passed along securely to Balboa Capital from an Apple® iPhone or iPad, or any Android mobile device or tablet. Vendors can also access features such as the Compass Payment Calculator to determine payment options and quote various lease structures right from their mobile device or tablet. The functionality of Mobile Compass allows Balboa Capital to continue providing the rapid transaction turnaround time and fast, customer-focused service its Vendor Partners have long been accustomed to.

“From checking on a transaction’s status to accessing financing activity reports, Mobile Compass gets it done quickly and securely through some of today’s most widely used mobile devices and tablets. Our recent launch of Mobile Compass is another great example of Balboa Capital’s commitment to providing its Vendor partners with forward-thinking technology and a convenient financing platform,” said Patrick Ontal, Vice President of Vendor Services Group.  Mobile Compass can be accessed at www.balboacapital.com/compass from an Apple iPhone or iPad, or any Android mobile device or tablet. For more information on Balboa Capital’s Vendor Financing program or Mobile Compass, contact Patrick Ontal at (949) 399-6346 or patrickgo@balboacapital.com.

06/15/11 - Equipment Finance Leader Balboa Capital Strengthens Efforts In Franchise Financing

IRVINE, California, Jun 15th, 2011 – Balboa Capital Corporation, a leader in equipment financing within the United States, is pleased to announce that it is bolstering its efforts in the franchise finance space with the promotion of Will McGrew to Business Development Manager.  Prior to joining Balboa, Mr. McGrew spent five years with Direct Capital.  “Balboa Capital is furthering its commitment to franchise financing at a time when many concepts are either adding equipment, deploying a re-imaging project or expanding,” said Mr. McGrew.

“This is our time. We are committed to the franchise industry and delivering convenience financing to franchisors and their franchisees. Our specialty in the small ticket arena, transactions under $150,000, coupled with our 80 salespeople across the country enable us to cover a lot of ground within the franchise industry,” said Phil Silva, President. For more information on franchisor programs or franchise financing please contact franchise Business Development Manager Will McGrew at (877) 407-7913 or williamtm@balboacapital.com.

03/15/11 - Equipment Finance Leader Balboa Capital Bolsters Office Imaging Team

IRVINE, California, March 15th, 2011 - Balboa Capital Corporation, a leader in equipment financing in the United States, announced the hiring of Lynne Gregg and Anna Savoy to its Office Imaging team.

“We recently celebrated our first anniversary in the copier financing space. We have been well received by our office equipment dealers and are looking to further partner with them in the years to come.  It is for this reason we have decided to expand our Office Imaging sales team with the hiring of Lynne Gregg and Anna Savoy.  Both have been very successful in this industry and bring a wealth of experience and professionalism,” said Phil Silva, President.

“Last year we introduced our online tool Compass 2.0 to our dealers, which provides online application entry, 24/7 reporting, as well as support for Rental, Cost-Per-Copy, and Private Label programs. We will continue to introduce programs that help our dealers make incremental sales.”

Prior to Balboa, Ms. Savoy worked for Great America and will be managing the Southwest.  Ms. Gregg, most recently with Tygris, will be serving the Mid-Atlantic region. Balboa Capital is one of the largest privately-held independent equipment finance companies in the United States, delivering access to capital and speed of processing that customers require to fuel their growth and success. Celebrating 23 years in business in 2011, Balboa Capital markets its products through their small ticket, middle market, and vendor sales channels. For more information please visit www.balboacapital.com. You may also follow the company on Facebook and Twitter.

03/08/11 - Equipment Finance Leader Balboa Capital Hires Vendor Business Development Professional

IRVINE, California, March 8th, 2011 - Balboa Capital Corporation, a leader in equipment financing in the United States, announced the hiring of accomplished industry professional Dennis Alexander to Vice President of Business Development.

“We launched our Vendor Services Division four years ago.  Adding the Business Development component was the next natural step in becoming a successful vendor driven equipment financing company. Dennis and I started in the business together about twenty-five years ago and there is no one I trust more to help us enter and aggressively compete in the Vendor Services arena. The small ticket, under $75,000 market is underserved as many companies have vacated and moved up in ticket size.  We feel our value proposition is pressure-tested and robust in the Vendor Services space,” said Phil Silva, President.  Mr. Alexander has worked for fine companies such as Dana Commercial Credit, American Express and Bank of America.  Most recently, he was with TCF Equipment Finance.

02/15/11 - Balboa Capital Bolsters Its Vendor Services Division

IRVINE, California, February 15th, 2011 - Balboa Capital Corporation, a leader in equipment financing in the United States, forms Balboa East and announces the hiring of Kortney Murray, Christopher Murray, Allison Bromfield, Kristin Thayer, Will McGrew, Ian Trowell, Adam Marcello, Nicholas Kalman, Don Sutherland and William Cusick.

“As we initially envisioned, the New England area has some very talented and productive salespeople in the equipment leasing, merchant cash advance and franchise finance arena.  I am very excited about welcoming Kortney, Chris, Allison, Kristin, Will, Ian and Adam to Balboa East or BEAST for short.” said Phil Silva, President.  “Don, Nick and William will be joining our Vendor Services equipment finance group.”

“Kortney, Chris, Allison, Will, Ian, Adam and Nick are formerly from Direct Capital Corporation.  Ms. Thayer has worked for Direct and Priority Leasing and was recently self-employed. William is formerly from Navitas. All are up-and-comers and have been successful individual performers in the acquisition side of the business.  Their experience coupled with their ability to work on the retention side should propel them and Balboa to higher levels of success.” said Phil Silva, President.

03/23/10 - Balboa Capital Continues Its Hiring Of Experienced Vendor And Direct Sales Professionals

IRVINE, California, March 23, 2010 – Balboa Capital Corporation, a leader in equipment financing within the United States, announced the hiring of two new salespeople as part of their on-going recruiting efforts. Jory Hopkins teams up with the company’s Vendor Services Group while Brian Friedly joins the Direct Sales efforts.

Hopkins joins Balboa Capital after 8 successful years with Key Equipment Finance. During his tenure at Key, Jory held various Sales positions including Inside Sales for their banking segment. In his prior position, Jory helped increase IT vertical sales within the Central US Territory by 300%.

Friedly brings over 8 years of equipment leasing and financing experience to Balboa. Most recently, Brian was with Direct Capital where he helped grow Vendor Sales, Direct Sales, Merchant Cash Advance and working capital programs. While at Direct Capital, Brian was awarded numerous Presidential Club sales honors and earned several awards for developing valuable finance partnerships.

“We will continue in our quest to pursue, attract and secure the best available sales talent in the leasing industry.  The hiring of Jory and Brian reinforces our objective of positioning our company to capitalize on the opportunities that will emerge from the eventual economic recovery and corresponding increased demand,” said Phil Silva, President.

02/09/10 - Balboa Capital Enters Office Imaging Market, Adds Industry Veterans

IRVINE, California, February 9, 2010 – Balboa  Capital Corporation, a leader in equipment financing within the United States, announced today that they have entered the Office Imaging Market / Copier Segment with the hiring of 3 new Regional Account Managers formerly with Key Equipment Finance.

Jerry Harne joins Balboa Capital with over 30 years experience in the equipment leasing industry.  Most recently he spent 7 years at Key Equipment Finance where he was responsible for a South-East territory. Prior to his tenure with Key, Jerry held positions as Vice President of Sales at Wells Fargo  / Conseco & Green Tree Financial and as a Regional Sales Manager at Copelco Credit Corporation and Deutsche Credit. Jerry will be based out of Orlando, Florida.

Fred Crivlare joins the team with 21 years of successful sales experience in the Copier Segment. For the last 7 years, Fred was with Key Equipment Finance as a District Sales Manager where he developed a new Mid-Western territory from the ground up. His previous experience includes time with Wells Fargo, Conseco, Green Tree, Finova and Bell Atlantic Tricon. Fred will be based out of the Chicago Area.

Mike Chard brings more than 15 years of Copier experience to Balboa Capital. Like Harne and Crivlare, Chard spent 7 years with Key Equipment Finance as a Regional Sales Manager where he developed a territory in the South. His previous experience includes time with Danka, Alliance and Conseco. Mike will be based out of Austin, Texas.

“While we’ll be competing with some of the largest and most successful equipment finance companies, we believe that we can bring value and assume a space reserved for the independent Office Imaging dealer.  Entering this industry vertical will help us in our growth as a company and we look to bring innovative technology products and consistent service to our dealers and their customers,” said Phil Silva, President of Balboa Capital.

09/29/10 - Balboa Capital Adds New Members To Its Vendor Services Team

IRVINE, California, September 29, 2009 – Balboa Capital Corporation, a leader in equipment financing in the United States, announced the hiring of two new Regional Account Managers to its Vendor Services Group. The two new Managers bring over 30 years of combined equipment leasing and financing experience to Balboa Capital.

Carl Bretzman joins Balboa Capital with over 20 years of experience in the equipment leasing and financing industry. Most recently, Carl was the Director of Business Development for the Vendor Sales Division at IFC Firstcorp. In his former tenure Carl was with Siemens Financial Services and Huntington Equipment Finance in management and sales positions.

Mark Kelly has been in the equipment leasing and financing industry for over 18 years. Most recently, Mark was a Business Development Manager for IFC Firstcorp where he specialized in various vertical markets including Medical, Fitness and Technology. Previously, Mark was with Comdisco Inc, Trilogy Leasing and GE Capital Computer Leasing Group.

The company is continuing its efforts to expand its Vendor Services Group by hiring top producing salespeople who have extensive track records of success within the equipment financing industry. Carl and Mark will both play a key role in the growth and achievement of the Vendor Services team.

05/04/09 - Balboa Capital Continues Growth With The Addition Of New Hires

IRVINE, California, May 4, 2009 - Balboa Capital Corporation, an emerging leader in vendor equipment financing in the United States, announces the hiring of 3 of 9 new Regional Managers over the last 90 days in their Vendor Services Group.

Adam Huhn joins Balboa Capital with over 5 years of experience in the equipment leasing industry. He comes to us from IFC FirstCorp and will be targeting the information technology vertical market.

Javier Gadala joins the Vendor Services Group with over 7 years of experience in the industry.  Previously, Javier was a top performer in sales and sales leadership positions at American Express and Key Equipment Finance.

Alex Garcia joins the team with over 6 years of industry experience. Before joining Balboa Capital, Alex held sales positions at American Express, Key and most recently, Popular Equipment Finance where he specialized in information technology.

“The caliber of our most recent hires is very impressive. Adam, Javier and Alex are experienced and bring a track record of success within our industry. These most recent additions bring our Vendor Services Group to eighteen. We will continue to add to our growing team as other talented salespeople become available. We are striving very diligently to be the long-term safe haven for top producing salespeople that can sell profitably,” said Phil Silva, President.

02/24/09 - Balboa Capital Corporation Hires Industry Veterans For Vendor Services Group

IRVINE, California, February 24, 2009 – In its efforts to increase its presence and penetration in the vendor space, Balboa Capital Corporation announces the hiring of industry professionals Tom Whalen, Chris Carpenter and Terry Vanwambeke.

Tom Whalen brings a successful 11-year sales and sales leadership track record with fine companies such as Leaf Financial, Key Equipment Finance and HP Financial Services. Mr. Whalen brings a wealth of experience in the Healthcare and IT vertical markets.

Terry Vanwambeke brings 10 years of credit and sales experience in the medium-duty and vocational vehicle markets with companies such as NBF Capital, Alamo Truck and Key Equipment Finance.

Chris Carpenter bolsters our Healthcare reach after working for NEL and GE Capital/HPSC for the last 7 years.

"We enthusiastically welcome Tom, Terry and Chris to our growing Vendor Services Group. As the market has contracted, talented individuals are becoming available and we intend to enhance our team as these quality individuals become available. We are committed to the Vendor space, as we are to our other core sales teams – small and middle ticket direct," said Phil Silva, President.

10/16/08 - Balboa Capital Secures $100 Million In Debt Financing

IRVINE, California, October 16, 2008 - Balboa Capital announced today that it has secured $100MM in debt capital from its lending partners. Balboa plans to utilize the available capital to expand its funding capacity and capabilities for its Small Ticket Direct, Middle Market Direct, Broker and Vendor sales channels. The securing of this capital also allows the company to implement its current and future growth initiatives.

Phil Silva, President of Balboa Capital, stated, “In some of the tightest credit markets we’ve seen in recent times, our lenders have had the confidence to commit and provide $100MM in capital.  This is a reinforcement of and testament to the confidence they have in our direction, track record of twenty years, leadership team, and our people. As capital becomes increasingly scarce, we need to be there for our customers - extending a hand of confidence, assurance and assistance with their equipment financing.”

“Today and into the future, Balboa Capital has the financing available for our small and medium-sized business customers to acquire the equipment they need to fuel the growth of their respective businesses.”

04/09/09 - Balboa Capital Corporation Promotes Phil Silva to President

IRVINE, California, April 24, 2008 – Balboa Capital, a leader in equipment financing in the United States, announced today that Phil Silva, Executive Vice President, will become President of Balboa Capital and will be responsible for the growth and profitability of the company. Patrick Byrne, the founder and current President will continue as the Chief Executive Officer and Chairman.

Mr. Silva has over 21 years in the equipment finance industry and is experienced in all aspects of sales and sales management. In the last few years, Phil was the General Manager for the Healthcare and Franchise segments at American Express Business Finance prior to and through its purchase by Key Equipment Finance. Before joining Balboa Capital in April of 2007, Phil ran his own management consulting firm. Phil has worked for other distinguished companies such as Transamerica Distribution Finance, Dana Commercial Credit and Master Lease Corporation. Phil holds a Bachelor of Arts degree in Business Management from Whitworth University in Spokane, Washington.

“In working with Phil over the past two years, I have always looked for him to take on more responsibility as he built momentum and acclimated himself to the Balboa culture,” said Mr. Byrne announcing Phil’s promotion. “After assisting with the formation of our Vendor Services Group and then assuming responsibility for all of our Sales Channels and the Marketing and Recruiting departments, it is now the appropriate time for his next challenge. Our aim since 1988 has been to build a great company. Phil, along with the rest of the Balboa team, will assist us in achieving our next level of success,” concluded Byrne.

02/11/08 - Balboa Capital Corporation Names New Western Regional Manager Of Broker Services

IRVINE, California, February 11, 2008 – Balboa Capital, a leader in equipment financing in the United States, today announced the hiring of Ronald Uzzo as Western Regional Manager of Broker Services. A ten-year leasing sales veteran, Uzzo will be responsible for expanding Balboas Broker business in his territory.

Most recently, Mr. Uzzo held the position of Regional Manager at Sterling National Bank where he was responsible for sales and marketing throughout the Western United States. Previously, Ronald worked with GE Commercial Finance and managed commercial sales for Southern Calif. He has also held leadership roles at other finance companies including HPSC and Sky Financial.

Ron’s addition to our Broker Services team is huge step in our efforts to expand our reach and cement our position as a major player in this vertical, commented Patrick Ontal, Vice President of Sales. Balboa is moving aggressively to deliver the greatest value to the Broker community by putting the right people in the right place to execute our growth strategy. I am confident that Ron will do a tremendous job in communicating our value proposition to Brokers who seek a strong and reliable funding source, Ontal added.

07/18/07 - Balboa Capital Hires Patrick Ontal As Vice President Of Inside Sales

IRVINE, California, July 18, 2007 – Balboa Capital Corporation announces the hiring of Patrick Ontal as Vice President of Inside Sales Vendor Services Group.  Mr. Ontal brings 21 years of vendor leasing experience to Balboa Capital where he will be responsible for hiring, training, and mentoring Balboas vendor sales team.

Mr. Ontal is experienced in all aspects of sales and sales management in vendor leasing. Prior to Balboa Capital, Patrick worked for US Express Leasing where he was responsible for the technology segments inside sales team.  Previously, Patrick led the Franchise Finance sales team at Key Equipment Finance.  Patrick has worked for other fine companies such as Sony Financial Services, Compaq Capital, and AT&T Capital Corporation.  Patrick holds a Bachelor of Arts degree in Psychology from La Salle College in the Philippines.

I am excited about assisting Balboa Capital to grow their vendor channel.  They possess the potential to make a mark in a number of equipment segments.  Our single point of contact approach, streamlined processes, and advanced technology tools should bring real value in the small- and medium-sized vendor sector, said Mr. Ontal.

05/17/07 - Balboa Capital Hires Phil Silva As Executive Vice President

IRVINE, California, May 15, 2007 – Balboa Capital Corporation announces the appointment of Phil Silva as Executive Vice President.  Mr. Silva will be responsible for growing the company's Vendor Channel alongside the company's existing Direct, Commercial, and Broker Channels.

Mr. Silva previously developed and managed the National Accounts Group for American Express Business Finance (AEBF).  He was the General Manager of the Healthcare, Franchise and Loan segments, along with Marketing, prior to and through the acquisition of AEBF by Key Equipment Finance.  Prior to that, he worked for companies such as Transamerica Distribution Finance, Dana Commercial Credit and Master Lease Corporation, in sales and sales management capacities.  Mr. Silva holds a Bachelor of Arts degree in Business Management from Whitworth College in Spokane, Washington.

“I believe Balboa Capital is nimble and entrepreneurial in their execution and decision making.  They possess unique service, training, marketing and technology-based qualities and strengths developed for their existing sales channels that will provide value to small and medium-sized vendors and their customers.  I am excited about assisting Balboa in growing their vendor channel,” said Mr. Silva. “Among his first responsibilities will be to add a Vendor Sales Leader and an Inside Sales Manager to the department."

03/16/07 - Balboa Capital Secures $15 Million Of Subordinated Financing From Babcock & Brown

IRVINE, California, March 16, 2007 – Balboa Capital announced today that it has secured up to $15 million of subordinated financing from global investment and advisory firm Babcock & Brown (ASX: BNB). The growth capital will support the company's various expansion initiatives. Bruce Kropschot, of Kropschot Financial Services, served as exclusive financial advisor to Balboa.

Balboa plans to use the capital to expand its middle ticket and small ticket equipment leasing origination activities. David Chiurazzi, Chief Financial Officer, stated, We are enthusiastic about our partnership with Babcock & Brown.  Their investment provides the company with the flexible long term capital which will fuel the next phase of our growth.

Babcock & Brown is a global investment and advisory firm with longstanding capabilities in structured finance and the creation, syndication and management of asset and cash flow-based investments.

03/02/07 Balboa Capital Completes $100 Million Term Securitization

IRVINE, California, March 2, 2007 – Balboa Capital announced today that it completed its first term securitization by issuing $100,000,000 in contract backed notes through its subsidiary, BCC VI.  RBS Greenwich Capital was the transactions Initial Note Purchaser.  The $100,000,000 notes were priced at L+15 and guaranteed by financial guaranty insurance policies issued by XL Capital and Radian Asset Assurance.  The notes were rated AAA and Aaa by Standard and Poors and Moodys respectively and sold to a diverse group of investors.

Balboa Capital provides equipment lease financing to small and mid-sized companies in the United States.  This new funding will provide Balboa Capital with the foundation to meet its growth objectives.  The company is aggressively adding new sales reps, vendors, and brokers to its roster.  After a strong 2006, the company anticipates robust originations growth this year.

According to Balboa’s Chief Financial Officer David Chiurazzi, this is a particularly meaningful transaction for the company since it establishes Balboas ability to access the term ABS market in order to provide the financing needed to support the company’s continued growth. “After ten years of utilizing securitization conduit facilities, this transaction represents the next step in Balboa’s evolution and brings us one step closer to achieving our goal of establishing a programmatic approach to future issuance,” Chiurazzi said. The transaction was a great success and we are fortunate to have received the markets enthusiastic support.  We look forward to continuing to develop our relationships with investors as we become a regular issuer in the term market.

09/06/06 - Balboa Capital Releases Compass 2.0

IRVINE, California, September 6, 2006 – Balboa Capital announces the general release of version 2.0 of Compass, its online lease processing system for Brokers and Vendors.  This new version includes an enhanced user interface and new features designed to improve access to information as well as provide real-time status updates.  The version is live as of September 1, 2006.

One of the important new features is the Funding Check List.  Users can access real-time updates and comments from their funders regarding the status of their transaction in funding.  Posting the information real-time in Compass limits the reliance on phone calls, voice mails, and lengthy emails in order to respond to customer needs. Also included is a new Sales Tax Info table that allows users to more accurately apply local sales tax.  We recently completed a broker survey and there was a demand for more real-time information.  We were able to respond with this release of Compass, said Curt Lysne, Chief Sales Officer for Balboa Capital.  Other enhancements improve navigation, search capabilities, tracking and reporting.

Compass was first released in January of 2005 to provide partners with a complete user-centric lease management tool.  By automating the application process and delivering it on-line, Balboa has been able to provide faster, more efficient processing of transactions, better communication and greater customer service.

08/30/06 - Balboa Introduces Working Capital For Brokers

IRVINE, California, August 30, 2006 – Balboa Capital now offers up to $25,000 of Working Capital financing through its broker channel.  Brokers can secure this financing for their customers through Balboas standard application process.  This new product is available immediately for businesses in the United States.

Balboa Capital's Working Capital product is available for terms up to 36 months.  Brokers can qualify their customers for up to $25,000 of financing in conjunction with a new equipment lease or they can secure up to $20,000 of standalone Working Capital.  This product gives Brokers another way to add value for their customers and generate additional revenue for their business, said Curt Lysne, Chief Sales Officer for Balboa Capital.

Customers can use the Working Capital loan for a variety of business expenses such as payroll, rent, or expansion related costs.  Customers also use their financing for other costs related to their equipment lease such as supplies and consumables. Balboa Capital has been offering Working Capital for over ten years.  The product is popular with small and mid-sized companies that are looking for sources for additional capital.

06/08/06 - Balboa Capital Releases The Next Phase Of Compass

IRVINE, California, June 8, 2006 – Balboa Capital announces the general release of version 1.3 of Compass, its online lease processing system for Brokers and Vendors.  Balboa Capital introduced a number of new features such as a lease payment calculator, proposal generator, improved search capabilities, reports and metrics, and more detailed transaction information for channel partners. The new features are designed to improve the flow of information between Balboa Capital and its channel partners.  The payment calculator allows users to run different scenarios, generate proposals, and submit applications based on these scenarios.  The new Status Detail page provides detailed transaction notes, lists outstanding items and conditions, and provides documentation instructions.  Reports and Metrics allow users to track Balboa performance and their results over time.  Balboa also made several changes to the interface to make it more user-friendly.  Bob Bussells, President of Perfect Capital Solutions, Inc., an equipment leasing broker that uses Compass stated, Compass is a great tool to facilitate transaction flow between Broker and Funder.  The flow of information makes it easier to work with Balboa.  Chris Morrissey, Assistant Vice President of Priority Leasing added, Compass is an excellent platform. It’s easy to use, easy to navigate through, and is full of information.

Compass was first released in January of 2005 to provide partners with a complete user-centric lease management tool.  By automating the application process and delivering it on-line, Balboa has been able to provide faster, more efficient processing of transactions, better communication and greater customer service.  Compass is a state of the art processing tool from credit submission to document prep.  The Compass software replaces the need for higher cost seasoned processors to simply input data and generate paperwork.  I value it as a cost savings tool to my organization, said Leo Najera of Equipment Capital Consulting, another Compass user.

05/08/06 - Balboa Capital's Broker Division Increases Transaction Limit To $250,000

IRVINE, California, May 8, 2006, Balboa Capitals Broker division increases accepted transaction limit to $250,000. The change affects the existing Application-Only program, which expands from $ 75,000 to $100,000. Balboa Capital also adds a new Commercial program for Broker partners that will provide equipment leasing up to $250,000 with financial statements.  Both changes are effective immediately for transactions across the United States. Equipment Lease brokers looking to place larger Application-Only transactions or that need a funding source for Commercial packages can now look to Balboa Capital.

Balboas Broker Division has been in operation for over two years.  The division increased originations over 180% in 2005 and plans to double again in 2006.  The new transactions limits are another benefit that Balboa will offer their customers. Our Broker partners asked for an expanded App-Only program and we were able to deliver, says Curt Lysne, Balboa Capitals Sr. Vice President of Sales.  We also anticipate our new Commercial Program to be a growth vehicle this year because we think the marketplace is void of a second tier buyer of middle market transactions.

As the broker division continues to introduce new programs and products, Application-Only requests can be submitted directly on-line through Compass, Balboas web-based lease processing system. Other financial statements or requests can be sent via fax, mail, or e-mail.

07/01/05 - Balboa Capital Expansion Plans For 2005

IRVINE, California, July 1, 2005 – Balboa Capital is in the process of completing an ambitious expansion of its operations in 2005. The company plans to increase its workforce by 30% across the U.S.  The newly created positions will include roles in management, sales, and operations.

Balboa Capital emerged from the recent flurry of consolidation in the financial services sector to remain a thriving independent finance company.  Their expansion comes on the heels of an eventful 2004 when the company added two new sales channels and expanded its two current sales operations.  The momentum continued into the first quarter of 2005 when Balboa announced the completion of a $75 million Note Purchase Facility, financed by RBS Greenwich Capital.

Balboa Capital provides equipment leasing and financing to small and mid-sized business in the United States.  The company markets its products through its direct sales force, vendor channel, and broker partnerships.  The company offers leases in the range of $5,000 to $5,000,000. Balboa is a private company, wholly owned by its founder, Patrick Byrne.

Balboa was established in 1988 by Patrick Byrne.  Patrick worked together for another well-established leasing company when he realized that there was a funding void for small businesses seeking equipment lease financing.  Through hard work, determination, and creative niche marketing, the company built a strong base of clients in high tech centers including the entertainment and computer industries. Balboa grew steadily through the 1990s. They added a number of offices including San Francisco and Phoenix.  The Company was twice recognized on the Inc. 500 List of Fastest Growing Private Companies.  The Orange County Business Journal, in conjunction with NASDAQ, Ernst & Young and USA Today named Byrne Entrepreneur of the Year in 1997.

The new century brought many changes in the financing industry.  Consolidation was rampant as the major banks acquired many of the larger independent lenders.  The Internet boom brought a rush of investment into on-line business models.  Although Balboa explored new opportunities, the Company never lost sight of its core business.  As a result, Balboa weathered the recent industry changes and believes they are well positioned for another growth period.

 

2004 marked a number of milestones for the company.  Patrick Byrne acquired the remaining equity he did not own giving him 100% ownership of Balboa Capital.  He then went about adding new managers in almost every department including a new Chief Risk Officer, VP of Capital Markets, and VP of Vendor Services.  Balboa then secured the $75 million Note Purchase Facility to provide adequate funding for their expansion.  Said Byrne, I am very excited about the team we have assembled.  We have a great combination of experience, energy, and creativity.

 

Over the course of the year, the Company’s portfolio grew by over 30%.  The growth was fueled by the contribution of new sales channels, increased repeat business, and new successes in Balboas existing channels.

 

Balboas strategy in 2005 is to achieve growth by targeting all four components of small and mid-ticket leasing.  Balboa is adding 25 new sales reps to its Direct Marketing team by mid-2005. They are adding eight new reps in their Vendor Services Division, which provides leasing programs that equipment vendors can offer directly to their business customers.  The division is also establishing a new Vendor Call Center.  Balboas Commercial Division, which specializes is structured financing solutions for larger companies, is adding five new positions.  The Capital Markets Group, which provides purchase transactions from other equipment lease brokers, started with 50 new brokers in 2004 and expects to reach 150 brokers by the end of 2005.

 

Balboa also introduced Compass in the first quarter of 2005.  Compass is Balboas most advanced E-Business application.  Compass was designed to help foster the growth of the four sales channels by appealing to users who want to manage their relationship on-line.  Channel partners can submit applications, obtain credit decisions, check status, and download contracts on-line.  Direct customers can view statements and apply for new transactions.  Balboa will be investing heavily in Compass in 2005 and plans four new releases updates by the end of the year. Patrick Byrne adds, E-Business has been somewhat of a controversial topic in our industry as companies have debated its value in a B2B environment, as well as the implications it has on personal relationships.  We have been investing in this technology for many years and we are seeing a significant increase in transaction originated on-line.

Still, Balboa faces a number of challenges in 2005.  The increased presence in the leasing industry of large banks and financing companies changed the competitive landscape over the last several years.  Competition and competitive pressures forced many of Balboas former competitors to sell or exit the market entirely.  Balboa has focused on personal service and relationships as their silver bullet to win and maintain customers.  There remains a fundamental demand from small business to have a relationship with a lender.  We have never lost sight of that.  As a result, we continue to receive positive feedback from our customers.  Over 95% of our customers have said they would consider us for their next lease, added Byrne.

Balboa Capital attributes much of its success to the ability to identify new opportunities, combined with the discipline to never lose focus of its core competencies.  The Company’s growth plans over the next few years reflect this strategy.  While Balboa is investing heavily in building new sales channels, it continues to aggressively grow its core direct business.  Balboa Capital is one of the largest independent leasing companies in the U.S. and is expecting double its lease originations over the next five years.

05/31/05 - Balboa Capital's Broker Division Reaches First Year Milestones

IRVINE, California, May 31, 2005 – Balboa Capital’s Broker Division has completed its first twelve months of operation and achieved a number of important milestones.  The division has grown steadily over the past year and currently represents 17% of new incremental app only business volume for the Company.

In 2004, Balboa Capitals Broker Division added 55 new broker partners.  The average funded transaction size was $35,000 and covered a broad spectrum of industries and equipment types. Balboa plans to continue to grow the division by reaching 150 approved broker partners by the end of 2005. The company has made a number of important investments to support the anticipated growth in brokers and volume.  Balboa Capital recently introduced Compass, an online application processing and documentation portal that provides near real-time credit decisions and electronic lease documents. Balboa is also utilizing an advanced credit scoring model to speed the processing of all applications, and has made a number of enhancements in its funding process.

Balboa Capitals portfolio grew by over 30% in 2004 due a number of new initiatives including the establishment of the Broker Division as well as a new Vendor Program. The Company recently announced the completion of a $75 million note purchase facility that will provide funding for the Company’s Broker, Vendor and Direct channels.

04/28/05 - Balboa Capital Launches On-line Lease Processing System

IRVINE, California, April 28, 2005 – Balboa Capital has launched Compass, the company’s on-line lease application and processing system for channel partners across the United States.  Using Compass, equipment vendors and brokers can submit applications, obtain credit decisions, view status, and download documents securely over the internet on a 24/7 basis.

Balboa launched Compass in April to provide partners with a complete user-centric lease management tool.  By automating the application process and delivering it on-line, Balboa expects to provide faster, more efficient processing of transactions, better communication and greater customer service.

Says Balboa Capital CEO, Patrick Byrne, We pride ourselves on developing and delivering innovative service solutions to our clients. Compass is designed to enhance all aspects of the user experience, resulting in greater inter-connectivity and efficiency for our national network of partners.

Partners can register with Balboa Capital and receive personal user credentials either over the phone or by filling out a web site form.  Users log on to Compass at Balboa Capitals web site, wwww.balboacapital.com.  All data is transmitted securely to a dedicated server. Once logged-in, users can enter applications, obtain credit decisions, receive status updates, generate and send documents, and track and report on-line.  Compass also contains updates on Balboa Capital news, new programs, products, promotions, rates and tax information.

Compass was put into general release in April and is now being actively used company wide and by several of Balboa Capitals channels partners across the United States.

02/28/05 - Balboa Capital Completes $75 Million Note Purchase Facility

IRVINE, California, February 28, 2005 – Balboa Capital Corporation announced today that it has successfully completed a $75 million note purchase facility financed by RBS Greenwich Capital and insured by Radian Asset Assurance Inc.  The indenture trustee is The Bank of New York Trust Company, N.A., and Portfolio Financial Servicing Company is the back-up servicer. The facility is structured as an on balance sheet, revolving debt financing.

This is the company’s fifth structured finance transaction.  It is a significant step for Balboa Capital whose portfolio grew by over 30% in 2004.  The facility will be used to fund transactions originated by Balboas direct, vendor, and broker channels nationwide.  Said Balboa Capital Chief Financial Officer, David Chiurazzi, This facility is strategically important for us as it provides the ability to finance the growth we have been experiencing and further diversify and stabilize our funding.

RBS Greenwich Capital is a wholly owned subsidiary of The Royal Bank of Scotland Group plc. Since its founding in 1981, the firm has grown from its early roots as one of the first relative value arbitrage-trading firms to become a unique fixed-income capital markets player.  Radian Asset Assurance, a subsidiary of Radian Group, is a direct writer of municipal bond insurance and insurance of asset-backed securities and structured transactions.

01/24/05 - Balboa Capital Corporation Names Rob Rasmussen New Chief Risk Officer

IRVINE, California, January 24, 2005 – Balboa Capital announces the hiring of Rob Rasmussen as Chief Risk Officer.  In this role, he is responsible for all risk management functions, including credit administration, documentation, and portfolio management.

Mr. Rasmussen comes to Balboa Capital most recently from American Express Business Finance where he served as their Director of Risk and Operations following roles with Tricon Capital Corporation and GE Capital. He brings extensive experience in developing, launching, and managing direct and vendor credit models.  Mr. Rasmussen holds a Bachelor of Arts degree in Finance from Cal State Fullerton and an MBA from Pepperdine University.

Rob Rasmussen brings us valuable experience that will help us grow our portfolio and manage our risk. said Patrick Byrne, Balboa Capital CEO.  Roberts experience will serve us well as we grow our small ticket, mid-ticket, vendor and broker channels.