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Balboa Boosts Small Business Loan Division, Increases Lending Capacity

May 13, 2014, 07:03 AM
Filed Under: Industry News

Balboa Capital announced 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.

Established in 1988, Balboa Capital is one of the largest privately-held independent finance companies in the United States delivering access to capital, speed of processing, dependable funding, state-of-the-art technology and innovative marketing tools that small and medium-sized customers require to fuel their growth and success. Balboa Capital markets its products through their small ticket, middle market, large ticket and vendor sales channels. The company’s diverse financing capabilities include equipment leasing, commercial financing, working capital loans, merchant cash advances, equipment vendor financing and franchise financing.

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