Balboa Capital closes $230 mln securitization

Balboa Capital said Tuesday that it completed a $230 million securitization of equipment lease and loan backed notes. Wells Fargo Securities was the placement agent for the notes. Irvine, California-based Balboa is a financing company.


Irvine, California (PRWEB) July 14, 2015 – Balboa Capital, a leading independent financing company in the United States since 1988, announced today that it has completed a $230 million securitization of equipment lease and loan backed notes. This is the company’s third term securitization. Balboa Capital will use this additional capacity to fund the company’s diverse portfolio of financing products, which include equipment leasing, small business loans, commercial financing, equipment vendor financing and franchise financing.
The senior class of notes received an AAA rating from DBRS. The sole placement agent of the notes was Wells Fargo Securities. “This transaction signals institutional investor confidence in our financial standing, business performance and successful business model,” said David Chiurazzi, Chief Financial Officer at Balboa Capital. “Access to capital is vital to every company’s success, and this securitization allows us to continue meeting the financing needs of our customers. We look forward to putting this funding power to work for small businesses, middle market companies, franchises and equipment vendors nationwide.”
Balboa Capital’s securitization comes at a time of record growth for Balboa Capital. Within the last 12 months, Balboa Capital added more than 200 staff members to its sales divisions, operations team and customer service departments combined. The company opened new offices in Jacksonville, Florida, moved into larger offices in San Ramon, California, and doubled the office space at its headquarters in Irvine, California. “Our $230 million securitization aligns with our current and future growth plans, and we have expanded our sales divisions and facilities accordingly,” said Mr. Chiurazzi.
Currently in its 27th year of business, Balboa Capital is redefining the way small businesses and middle-market companies acquire financing. The company has made significant investments in technology to provide a faster, easier and more efficient financing experience. Balboa Capital’s proprietary online platform affords its customers the benefits of paperless applications, instant credit decisions, and same-day funding.
About Balboa Capital
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. Balboa Capital markets its products through their small ticket, middle market and vendor sales channels. The company’s capabilities include equipment leasing, commercial financing, small business loans, franchise financing, and equipment vendor financing. To learn more, visit
About Wells Fargo Securities
Wells Fargo Securities delivers a comprehensive set of capital markets and advisory products and services, including debt and equity origination and distribution, investment research and economic insights, interest rate, commodity and equity risk management, structured lending facilities, securitization, prime brokerage, clearing and fund services. Wells Fargo Securities is comprised of nearly 4,800 team members in 40+ offices across North America, Europe and Asia. Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC, a CFTC registered futures commission merchant and a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Securities International Limited which is authorized and regulated by the UK Financial Conduct Authority and Wells Fargo Bank, National Association. Wells Fargo Securities, LLC and Wells Fargo Securities International Limited are distinct entities from affiliated banks and thrifts.