Balboa Named Qualified Vendor For Choice Hotels Franchisees
Balboa Capital said it has become a Choice Hotels Qualified Vendor that will offer financing to Choice Hotels franchisees nationwide. Through the Choice Hotels Qualified Preferred Vendor Program, Balboa Capital will develop and offer custom-tailored financing programs to franchisees to acquire furniture, fixtures and equipment (FF&E) and move forward with re-imaging/remodeling efforts, product improvement programs (PIP) and expansion/build-out initiatives. The company will also make available several business loan products to franchisees that can be used for a wide variety of their business needs
“Establishing this relationship with Choice Hotels speaks to Balboa Capital’s lengthy track record of success in the hotel and hospitality industry,” said Angela Stoltenberg-Anderson, director of Business Development of Balboa Capital’s Franchise Services Group. “We work with some of the largest brands in this competitive sector whose franchisees benefit from our aggressive financing rates, rapid funding, and customer service that is second to none. Franchisees will work with the same Balboa Capital franchise financing expert every step of the way, which is more personalized and allows for optimum efficiency.”
In a separate news release, Balboa said it has hired 70 new employees to accommodate the company’s increase in new business and acquisition of several new strategic partners. To accommodate its growth, Balboa Capital added a new office location in a building adjacent to its corporate headquarters in Irvine, CA. The new staff members work in a variety of departments throughout the company, including sales, business development, accounting, customer service, marketing and information technology.
“This is a great time for Balboa Capital,” said Phil Silva, president of Balboa Capital. “There is a strong demand for our diverse portfolio of financing products, and we are expanding our staff to meet the needs of our valued customers and vendor partners, and provide them with the exemplary level of customer service we are known for.”
Balboa Capital said it recently conducted a survey of more than 500 of its customers nationwide, and 98% of them gave the company the highest satisfaction marks possible. “The results of this survey validate our mission, which is to provide our customers with the best financing experience possible,” said Silva. Balboa Capital knows that many business owners seek out unbiased opinions from their peers – or look for customer testimonials – when it comes time to select a financing company. So, the company has a YouTube Channel and dedicated website page with equipment leasing video testimonials from its actual customers.”