Balboa Capital Related Content

Balboa Capital Increases Originations by 93%, Adds 25 New Employees in Q2/21

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

Balboa Capital Sets Its Sights on $1B in Annual Originations

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

Balboa Capital Closes $50MM Corporate Note Financing

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

KWIPPED Launches SaaS Solution to Link Equipment Financing with Sellers at Point of Sale

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

Balboa Capital Survey: Small Business Owner Optimism Rebounding in 2021

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

Balboa Capital Appoints Veneziano Account Manager of Franchise Financing Team

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

Balboa Survey Reveals Business Owners Will Embrace Mobile Payments, Cloud Software in 2021

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

Parker Promoted to CFO of Balboa Capital

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

Balboa Capital Becomes Member of the AACFB

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

Balboa Capital Reports Increase in Equipment Loan Requests as Section 179 Deadline Approaches

Balboa Capital reported an increase in capital equipment investments by small business owners who want to take advantage of the current Section 179 tax deduction before it expires on Dec. 31, 2020. read more

Balboa Capital to Host ‘Broker Success’ Webinar for Third-Party Originators on Dec. 15

Balboa Capital will host a free 30-minute live webinar on Dec. 15 at 2 p.m. EST to explain how third-party originators can grow their businesses quickly and profitably. The webinar will provide participants with an overview of Balboa Capital’s broker program and the company’s technology-based lending platform. read more

Balboa Capital Completes $201MM Securitization

Balboa Capital closed its seventh equipment asset-backed securitization, a $201 million issuance. Truist Securities served as structuring agent and was an initial purchaser of the notes and co-lead along with Credit Suisse Securities. read more

KBRA Assigns Preliminary Ratings to Balboa Capital’s Seventh ABS

Kroll Bond Rating Agency assigned preliminary ratings to six classes of BCC Funding XVII LLC, Series 2020-1, an equipment loan and lease securitization. The transaction represents the seventh equipment asset-backed securities transaction sponsored by Balboa Capital. read more

Small Business Confidence Rebounds, Remains Below Pre-Pandemic Levels

According to a new survey from Balboa Capital, 53% of small business owners experienced decreased revenues in Q2/20 and Q3/20 compared with 18% in the previous two quarters. Conversely, 54% of small business owners expect increased revenues in Q4/20, an increase of 7% from previous survey results. read more

Balboa Capital: Eight in 10 Small Businesses Embrace Remote Work During COVID-19 Pandemic

According to a Balboa Capital survey, eight in 10 small businesses are embracing remote work models. Additionally, business leaders whose companies have remote workers reported improved business outcomes, increased employee engagement and reduced overhead costs. read more

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