Working at Balboa Capital | Glassdoor

Balboa Capital Overview

Costa Mesa, CA
201 to 500 employees
1988
Company - Private
Finance
$50 to $100 million (USD) per year
Balboa Capital is a technology-driven independent financing company that provides business owners with fast, hassle-free solutions to fund their companies. We specialize in small business loans, equipment financing, commercial financing, equipment vendor financing and franchise ... Read more

Mission: Balboa Capital’s mission is to deliver financing products in innovative ways through the use of industry-leading tools and technology. We set the highest standards in efficiency, speed of processing, and overall customer service in our industry.

Company Updates

  • Members of our commercial vehicle vendor financing team have a booth at the 2015 Used Truck Association (UTA) Annual Convention in Dallas, Texas. #commercial #vehicle #financing #balboacapital

  • We just released a new whitepaper to help small business owners prepare for Black Friday, which is the biggest shopping day of 2015 http://glassdoor.com/slink.htm?key=vI1Rm

    Whitepapers | Balboa Capital

    Download free Balboa Capital whitepapers. They feature helpful information about business, marketing, financial planning, industry trends and more.

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Balboa Capital – Why Work For Us?


 

Jump-Start Your Financing Career

Experienced in strategic financing and technology-driven solutions, Balboa Capital remains rooted in outstanding customer service, which is one of the cornerstones of our success. Our employees pride themselves on being champions that continually strive to be successful individuals, both personally and professionally. We reward and encourage independent thinkers who thrive in a team environment, and who are dedicated to uncompromising excellence. If you embrace challenge and have a desire to work in a dynamic atmosphere with a diverse group of highly talented individuals, please look at our current job openings.

Employee Benefits

  • Competitive salaries
  • Medical, dental and vision benefits
  • 401K investment plans
  • Exclusive employee discounts
  • Fun culture dedicated to a healthy work-life balance

Fast, Easy Financing Products For US Businesses

In business, trust is everything. You work hard to earn your customers’ trust by providing them with top-quality products and a high level of service. So, it is only natural that you want that same level of trust when it comes time to select a financing company for your company. Balboa Capital is the trusted financing resource for many thousands of businesses. 

Continuing a Tradition of Excellence

Over the years, Balboa Capital added more financing products to its broad capabilities, which today include equipment leasing, small business loans, commercial financing, vendor financing and franchise financing. From a humble beginning with one office and a small staff, Balboa Capital now operates multiple locations with a staff of close to 200 financing professionals. 

undefinedPatrick Byrne

Chief Executive Officer 

As the founder and Chief Executive Officer of Balboa Capital, Patrick Byrne oversees all aspects of the company’s strategic direction and goals, while ensuring operational excellence within every department. A visionary entrepreneur, Mr. Byrne launched Balboa Capital in 1988 with a mere $4,000, and today the company is one of the largest and most respected independent financing firms. Balboa Capital has been featured twice in Inc. Magazine’s “Inc. 500” list of the fastest growing companies in the US, ranking #67 and #108 respectively. Mr. Byrne is a graduate of the University of Arizona, where he earned a Bachelor of Arts Degree in Economics and Bachelor of Science Degree in Finance. He went on to complete the joint MBA program at Columbia University and The London Business School. Mr. Byrne enjoys surfing, endurance sports and spending quality time with his wife and their three children.


undefinedPhil Silva

President 

Long-time financing industry professional Phil Silva was appointed President of Balboa Capital in 2008, just one year after launching the company’s highly successful Vendor Services Group. Mr. Silva draws on over 25 years of experience to lead Balboa Capital’s sales divisions. His accomplished career includes managing sales professionals and building and retooling equipment segments in the equipment financing industry. Mr. Silva started and ran the National Accounts Group for American Express and was the General Manager for the Healthcare, Franchise and Business Capital Loan divisions, as well as Marketing. In addition, he was responsible for Field Sales at Dana Commercial Credit. Mr. Silva earned his Bachelor of Arts Degree in Business Management from Whitworth College in Spokane, Washington. Phil likes spending time with his wife of 28 years and their children and baby granddaughter. Mr. Silva is an avid fan of sports and “superhero” movies.


undefinedRobert Rasmussen

Chief Operating Officer 

Robert (Rob) Rasmussen has been the Chief Operating Officer at Balboa Capital since 2004. Mr. Rasmussen has nearly 25 years’ experience providing financing solutions to businesses and vendor partners. Prior to joining Balboa Capital, he worked at American Express Business Finance, where he led Risk and Operation for its Vendor Finance division. In this position, he oversaw financing for the healthcare, office products and technology markets. Mr. Rasmussen’s career also spans over 10 years of combined experience at Bell Atlantic Tricon and GE Capital in healthcare and corporate finance. Mr. Rasmussen is a graduate of the renowned Pepperdine University, where he earned his Master’s Degree in Business Administration. He earned his Bachelor’s Degree in Finance from California State University, Fullerton. Robert couldn’t think of a better way to spend his free time than with his wife and their two children. Mr. Rasmussen likes sports, traveling and attending sporting and artistic events for his children.


Key Dates

 

1988 – Balboa Capital is founded in Irvine, CA

1988 – Balboa Capital ranked 67th Fastest Growing Private Company in the US by Inc. Magazine

1988 – Balboa Capital ranked 108th Fastest Growing Private Company in the US by Inc. Magazine

1997 – Patrick Byrne recognized as Entrepreneur of the Year in Orange County

1998 – Balboa Capital launches vendor services division

2000 – Balboa Capital launches its first e-Business portal

2002 – Balboa Capital launches commercial financing division

2004 – Patrick Byrne acquires 100% ownership of Balboa Capital

2005 – Balboa launches on-line lease processing system for equipment dealers

2005 – Balboa surpasses $1 billion in funded leases

2006 – Balboa Capital introduces stand-alone working capital financing

2013 – Balboa Capital becomes qualified vendor for Choice Hotels, Inc. franchisees

2013 – Balboa Capital becomes preferred lender for Papa John’s franchisees

2013 - Balboa Capital becomes preferred financing partner for Pita Pit franchisees

2013 - Balboa Capital becomes approved lender for Domino's Pizza franchisees

2014 - Balboa Capital becomes qualified lender for Carl's Jr. and Hardee's franchisees

2014 - Balboa Capital becomes preferred lender for McAlister's Deli franchisees

2015 - Balboa Capital launches Portal360 for equipment vendors

2016 - Balboa Capital delivers instant credit decisions and electronic signature capabilities

2016 - Balboa Capital secures $251 million securitization to expand business lending

2016 - Balboa Capital moves into new corporate headquarters in Costa Mesa, California

Balboa Capital Reviews

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Patrick Byrne
61 Ratings
  • "Challenging and rewarding"

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    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
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    • Senior Management
    Current Employee - Sales in Costa Mesa, CA
    Current Employee - Sales in Costa Mesa, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Balboa Capital full-time (More than 3 years)

    Pros

    Great environment and people, innovative technologies in each department that enable you to work more efficiently, really nice offices in Costa Mesa near great restaurants. Also, conveniently located near all major freeways in Orange County.

    Cons

    Might be growing too fast, but that can be a good thing. Hard to come up with some cons, as it's a really good place to work.

See All 105 Reviews

Balboa Capital Interviews

Experience

Experience
45%
45%
9%

Getting an Interview

Getting an Interview
34%
31%
18%
9
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Difficulty

2.7
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  1.  

    Account Manager Interview

    Anonymous Employee in Irvine, CA
    Accepted Offer
    Neutral Experience
    Average Interview

    Application

    I applied through an employee referral. The process took 3 weeks. I interviewed at Balboa Capital (Irvine, CA).

    Interview

    I met with recruiter and some Managers in a group setting, then met with specific managers in 1:1 interview process so they could each provide their opinions on me being a good fit

    Interview Questions

    • How long I've been in sales, can I learn new CRM modules and follow a plan to reach my goals   Answer Question
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Balboa Capital Awards & Accolades

  • #67 Inc. 500|5000 Fastest Growing Companies, Inc. Magazine, 1993

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