Balboa enters small ticket equipment ABS in cusp of recovery

Equipment 575 375
By Jennifer Kang
13 Oct 2020

Equipment lender Balboa Capital is tapping the securitization market for the first time this year, riding the improving macro conditions and stable demand for equipment. However, sources say the small ticket sector is still performing poorly compared with other sectors of the equipment finance market.

Balboa is a privately held equipment leasing company based in California. The company caters mostly to smaller firms such as clinics, and offers computer and medical equipment, among others, according to pre-sale reports by DBRS-Morningstar.

The transaction will be structured by Truist Bank, Credit Suisse and Capital ...

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