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Balboa Capital Closes $152 Million Securitization

April 16, 2014, 07:31 AM
Filed Under: Industry News

Balboa Capital, a leading provider of equipment financing and small business loan products, announced it has completed a $152 million securitization of equipment lease and loan backed notes. Balboa Capital will use this additional capacity to fund the company’s diverse portfolio of financing products.

The placement agent of notes was Guggenheim Securities, and the transaction was rated by both Standard and Poor’s and DBRS. David Chiurrazi, Chief Financial Officer at Balboa Capital said, “We are extremely pleased with the positive reception that we received from institutional investors, and with the favorable ratings provided by the leading credit rating agencies. This reflects Balboa Capital’s consistently strong financial standing and business performance.”

“This is Balboa Capital’s first securitization since 2008, and it comes at the perfect time,” said Chiurazzi. “Balboa Capital is experiencing rapid growth in each of the channels we serve, and our new securitization enables us to continue meeting the financing demands of small business owners, middle market companies, franchise owners and equipment vendors throughout the United States.”

Balboa Capital is accelerating its growth by offering flexible financing solutions and innovative online tools and resources required of business owners and equipment vendors. In the past six months, Balboa Capital has launched an industry-leading online sales management system for equipment vendors, solidified financing partnerships with five national franchise brands, and added over 50 staff members to its sales divisions and customer service department combined. 

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, industry-leading technology and innovative marketing tools that small and medium-sized customers require to fuel their growth and success.

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