Balboa Promotes Johnston to Commercial & Specialty Vehicles Lead
DEC 4, 2019 - 6:35 am
Direct lender Balboa Capital promoted Mark Johnston to lead the growth in its Commercial Vehicles Division.
“Mark has been a leader in loan production, developing relationships with major dealer groups, establishing partnerships with national roadside assistance companies, and website initiatives. We are well positioned to further penetrate the market with our combination of fast responses, competitive rates and technology-driven solutions,” said Carla Freberg, director of Sales, Vendor Services Group at Balboa Capital.
“I am excited to continue expanding our products and programs, especially in the vocational truck market,” said Johnston. “I share in management’s vision of the direction of the Commercial Vehicles Division and we have assembled a motivated and experienced team of professionals. I look forward to using my skill set and knowledge to drive this nationally recognized, long-tenured brand to the next level.”
Johnston has more than two decades of experience in commercial lending and leasing. Prior to joining Balboa Capital, he had successful tenures at Byline Financial Group, Beacon Funding, American Chartered Bank and Citibank, among others.
As we continue to navigate the COVID-19 pandemic, many smaller equipment finance companies may not have access to the same level of information upon which larger industry players rely. Our guest editors suggested we ask several Monitor 100 companies to... read more
Any relationship with a parent is fraught with complications. And equipment finance businesses sometimes find themselves in difficult family situations— grateful for a home and support but knowing that their vision and expertise is sometime at odds with the parent.... read more