Balboa Capital in $251 million securitization

Balboa Capital, which specializes in equipment financing and alternative business loan products, announced that it has completed a $251 million securitization of equipment lease and loan backed notes, its fourth and largest transaction to date.

The company, which is headquartered in California, will use this additional capacity to provide growth capital to small businesses, middle market companies, franchises, and equipment vendor businesses throughout the US.

“We are pleased to have secured the largest securitization in our company’s history, and to have it rated by two leading credit rating companies,” said Robert Rasmussen, chief operating officer at Balboa Capital. “This demonstrates the strength of our business model and financial performance.”

The securitization comes on the back of strong growth at Balboa Capita and a year in which it has experienced a surge in business in each of the channels it serves.

Balboa Capital recently launched an all-new website designed to offer a user-friendly experience on computers and mobile devices. Calculators provide instant estimates, paperless applications can be completed and submitted in a matter of minutes, and sophisticated credit scoring technology provides instant decisions. This efficiency allows business owners to secure funding quickly; equipment financing programs of up to $250,000 can be funded on the same day, and small business loans of up to $250,000 are provided in as little as three days.

Balboa Capital also enhanced the capabilities of Portal360, which is the company’s secure online sales management system for equipment vendors. e-Signature integration, private label program compatibility, automated credit decisions and real-time transaction has been added to existing tools and features that can be accessed from any mobile device.