July 2 , 2014
Balboa Capital expands
U.S. – Balboa Capital, a provider of small business loans and equipment vendor financing in the U.S., opened a new office in Jacksonville, FL, to serve its existing and future equipment vendor partners on the east coast.
It will be led by Eric Mandella, sales manager of Balboa Capital’s vendor services group, who has more than 16 years of industry experience. This is Balboa Capital’s fourth office location; the company is headquartered in Irvine, CA and has additional offices in Scottsdale, AZ and San Ramon, CA.
This new office is part of Balboa’s aggressive growth plans. The company has added over 130 employees to its various divisions in 2014.
“We have had tremendous success working with equipment vendors nationwide, but we felt it was important to anchor our east coast presence based on the growing demand for our fast, dependable financing products,” says Phil Silva, president of Balboa Capital. “Our new office in Jacksonville firmly establishes our coast-to-coast coverage and enables our vendor financing team to provide focused support.”
The company has already hired six experienced equipment vendor financing managers for its Jacksonville location, and expects that number to double within the coming months.