Balboa Capital Expands Funding Capacity by Securing Credit Facility With Wells Fargo

Balboa Capital Expands Funding Capacity by Securing Credit Facility With Wells
Fargo

Leading Independent Financing Company Poised to Enhance Services to Small
Businesses and Equipment Dealers Nationwide.

IRVINE, Calif., Dec. 19, 2012 (GLOBE NEWSWIRE) -- via PRWEB - Balboa Capital
Corporation, a leading provider of equipment financing and small business loan
options, announced the acquisition of a revolving credit facility with Wells
Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC). Balboa
Capital will use this additional capacity to fund the company's complete
portfolio of financing products that are used by small businesses and
equipment dealers throughout the United States. These include commercial
business loans, working capital loans, merchant cash advances and franchise
financing.

Big Financing Power for Small Businesses

"We are very pleased to extend a credit facility to Balboa Capital
Corporation," said Andrea Petro, Division Manager of the Lender Finance
Division of Wells Fargo Capital Finance, adding "We have known and admired
Balboa's long track record of success and look forward to supporting Patrick
Byrne and his team's plans for the continued growth of their business."

Balboa Capital's solid financial standing, along with its rapid growth, helped
establish a strong relationship with Wells Fargo. "Securing financing speaks
to the strength of our company as we enter our 25th year in business," said
David Chiurazzi, Chief Financial Officer at Balboa Capital. "Wells Fargo will
further enhance the strong foundation that we have and enable us to continue
providing dependable funding to our small business customers and vendor
partners." You can learn more about the Balboa Capital value proposition in
this equipment leasing video.

Getting a small business loan approved has never been more challenging than in
today's uncertain financial climate, but Balboa Capital provides small
business owners with financing alternatives that are easy, hassle-free and
offer a high approval rate. "With our low rates and flexible financing
solutions, we've helped businesses in all industries get the capital they need
to grow and succeed, said Mr. Chiurazzi. He adds, "Our funding from Wells
Fargo is a key component that will help us expand our financial reach in 2013
and beyond."

About Balboa Capital

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 help fuel the growth and success of
today's businesses and equipment vendors. Balboa Capital markets its products
through their small ticket, middle market and vendor sales channels. For more
information, please visit http://www.balboacapital.com. The company also has
an informative equipment leasing blog with over 200 entries.

About Wells Fargo Capital Finance

Wells Fargo Capital Finance is the trade name for certain asset-based lending
services, senior secured lending services, accounts receivable and purchase
order finance services, and channel finance services of Wells Fargo & Company
and its subsidiaries, including Wells Fargo Bank, N.A.; Wells Fargo Business
Credit, a division of Wells Fargo Bank, N.A.; Wells Fargo Credit, Inc.; Wells
Fargo Distribution Finance, LLC; Wells Fargo Capital Finance, Inc.; Wells
Fargo Capital Finance, LLC; Wells Fargo Trade Capital Services, Inc.; Castle
Pines Capital LLC; Castle Pines Capital International LLC; Burdale Financial
Limited; and Wells Fargo Capital Finance Corporation Canada. Wells Fargo
Capital Finance Corporation Canada (also doing business in Quebec as Société
de financement Wells Fargo Capital Canada) is an affiliate of Wells Fargo &
Company, a company that is not regulated in Canada as a financial institution,
a bank holding company or an insurance holding company. For more information,
visit wellsfargocapitalfinance.com.

This article was originally distributed on PRWeb. For the original version
including any supplementary images or video, visit
http://www.prweb.com/releases/2012/12/prweb10254224.htm

CONTACT: Balboa Capital
         Jake Dacillo, Marketing Director
         jaked@balboacapital.com
         (949) 399-6340