Barbara Lynn, chief judge of the U.S. District Court for the Northern District of Texas, denied breach of contract and breach of guaranty claims by Balboa Capital against a group of 16 health care practices in a summary judgement earlier this month. read more
MAR 15, 2023 - 7:10 am
According to a survey from Balboa Capital that asked small business owners about their Small Business Administration (SBA) loan borrowing practices and volumes in 2022, 31.25% of small business owners applied for SBA loans in 2022 and 61.9% of SBA loan requests were approved. read more
JAN 19, 2023 - 6:56 am
According to a Morning Consult survey sponsored by Balboa Capital, a division of Ameris Bank, most of business decision-makers of U.S. small to midsize companies expect their sales to stay the same or grow in the fourth quarter of this year. read more
OCT 4, 2022 - 7:39 am
According to a survey from Balboa Capital, 82% of small business owners plan to use Section 179 of the Internal Revenue Code to deduct the cost of qualifying equipment purchased or financed in 2021. read more
DEC 22, 2021 - 6:19 am
Ameris Bancorp’s banking subsidiary, Ameris Bank, acquired Balboa Capital, an online provider of business lending solutions to small and mid-sized businesses in the United States. read more
DEC 15, 2021 - 6:38 am
According to a survey from Balboa Capital, six in 10 small business owners said their business is performing better in 2021 than it did in 2020 and 43% said they experienced increased revenues during the first three quarters of 2021. read more
OCT 6, 2021 - 5:43 am
Balboa Capital reported 93% origination growth in Q2/21 compared with Q2/20. Additionally, the company added 25 new employees during the quarter, marking a 56% increase in hiring compared with Q2/20. read more
JUL 30, 2021 - 6:21 am
In a Q&A with Monitor following Balboa Capital’s recent $50 million corporate note financing, Heather Parker, CFO of Balboa Capital, shared the company’s plans to scale its platform to $1 billion in annual originations via an efficient lending process that offers quick turnaround times, same-day funding, 24/7 vendor access, and real-time reporting for its customers. ... read more
June 2021
Balboa Capital closed a $50 million corporate note financing provided by a consortium of U.S.-based institutional investors. Balboa Capital intends to use the proceeds from the issuance to refinance a portion of corporate debt and for general working capital purposes. read more
JUN 9, 2021 - 6:51 am
After a year-long pilot program, APPROVE, a software-as-service (SaaS) solution powered by a network of equipment financing companies, officially launched this week. APPROVE is a product of KWIPPED, a technology innovator in B2B equipment e-commerce. read more
MAY 20, 2021 - 6:39 am
According to Balboa Capital’s Q2/21 Small Business Owner Survey, half of small businesses experienced increased revenues in Q1/21 and seven in 10 small business owners expect their companies to perform better in 2021 than they did in 2020. read more
APR 30, 2021 - 6:59 am
Balboa Capital appointed Michael Veneziano to the role of account manager of the company’s franchise finance division. Prior to joining Balboa, Veneziano most served as vice president of finance at Doherty Enterprises. read more
FEB 4, 2021 - 7:01 am
According to the results of Balboa Capital’s Small Business Trends for 2021 Survey, the use of e-commerce, mobile payments, cloud software and remote work are four business trends that are likely to continue being embraced by small business owners in 2021. read more
FEB 3, 2021 - 6:53 am
Balboa Capital promoted Heather Parker to the role of CFO, effective immediately. Parker has served as controller at Balboa Capital since 2018. Parker has more than two decades of professional experience, including stints at Arthur Andersen, Banc of America Leasing and Capital, and Commerzbank AG. read more
JAN 20, 2021 - 7:01 am
Balboa Capital, a direct lender that specializes in small business loans and equipment financing, became a member of the American Association of Commercial Finance Brokers. Balboa Capital established its broker program in mid-2020. read more
JAN 12, 2021 - 7:09 am