With new hires, Balboa Capital has made its commercial-finance division twice as large to service middle-market businesses. The company has obtained a revolving credit facility from Wells Fargo Capital Finance to strengthen its program for commercial-equipment financing. "Our commercial-financing business is expanding rapidly, and we took the steps necessary to meet the needs of middle-market companies in all industries," said Don Hansen, vice president of commercial finance at Balboa. Read more.
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