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Balboa Capital Secures $251MM Securitization to Expand Business Lending

September 28, 2016, 07:19 AM
Filed Under: Industry News

Balboa Capital, a technology-driven financing company that offers equipment financing and alternative business loan products, announced today that it has completed a $251 million securitization of equipment lease and loan backed notes, its fourth and largest transaction to date. Credit Suisse acted as the sole initial purchaser of the notes, and the transaction was rated by both DBRS and Moody’s Investors Service, Inc. Balboa Capital will use this additional capacity to provide growth capital to small businesses, middle market companies, franchises, and equipment vendor businesses throughout the United States.

“We are pleased to have secured the largest securitization in our company’s history, and to have it rated by two leading credit rating companies,” said Robert Rasmussen, Chief Operating Officer at Balboa Capital. “This demonstrates the strength of our business model and financial performance.” The securitization comes on the back of strong growth at Balboa Capital. The company has experienced a surge in business this year in each of the channels it serves. “This new capital will enable us to further support business owners in every industry who need fast, hassle-free capital to grow and expand their operations,” said Rasmussen.

Balboa Capital is one of the largest privately-held finance companies in the United States delivering access to capital, speed of processing, dependable funding, industry-leading technology and innovative marketing tools that small and medium-sized businesses require to fuel their growth and success. Balboa Capital markets its products through their small ticket, middle market and vendor sales channels. The company’s portfolio of financing products includes equipment financing, commercial financing, small business loans, franchise financing, and equipment vendor financing.

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