Irvine, CA (PRWEB) March 19, 2013
Balboa Capital, a leading independent financing company in the United States since 1988, announced the expansion of its franchise financing division. The company has seen continued growth in the franchise franchising sector and, in response to the increase in demand, has added new sales managers and a business development director. The expansion reflects Balboa Capital’s continued commitment to this key business sector that produces $2.1 trillion of direct and indirect economic output for the US economy according to the International Franchise Association.
“We are expanding our team and increasing our visibility to demonstrate our commitment to franchisors and franchisees nationwide,” said Patrick Ontal, Balboa Capital’s Vice President of Sales for its Vendor Services Group. “No matter what their financing needs are, we can guarantee there will be a Balboa Capital franchise financing expert ready to support them with knowledgeable and responsive service.” Balboa Capital has a long track record of success with franchise business owners who need financing for equipment, inventory, technology and fixtures, as well as for expansion and remodeling/re-imaging efforts. Balboa Capital also offers several small business loan solutions as well as financing programs for franchise equipment vendors.
Mr. Ontal attributes the company’s simplified financing process as a key reason for its success. “In order to meet the needs of our current and future customers, we have systems in place that make it easy for them to access the capital they need. Franchise equipment financing applications can be submitted online in a matter of minutes, credit decisions are ma
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