Balboa Capital Hires Phil Silva As Executive Vice President

Irvine, CA , May 15 2007 - Balboa Capital Corporation announces the appointment of Phil Silva as Executive Vice President. Mr. Silva will be responsible for growing the company’s Vendor Channel alongside the company’s existing Direct, Commercial, and Broker Channels.

Mr. Silva previously developed and managed the National Accounts Group for American Express Business Finance (AEBF). He was the General Manager of the Healthcare, Franchise and Loan segments, along with Marketing, prior to and through the acquisition of AEBF by Key Equipment Finance. Prior to that, he worked for companies such as Transamerica Distribution Finance, Dana Commercial Credit and Master Lease Corporation, in sales and sales management capacities. Mr. Silva holds a Bachelor of Arts degree in Business Management from Whitworth College in Spokane, Washington.

“I believe Balboa Capital is nimble and entrepreneurial in their execution and decision making. They possess unique service, training, marketing and technology-based qualities and strengths developed for their existing sales channels that will provide value to small and medium-sized vendors and their customers. I am excited about assisting Balboa in growing their vendor channel,” said Mr. Silva. Among his first responsibilities will be to add a Vendor Sales Leader and an Inside Sales Manager to the department.

About Balboa Capital
Balboa Capital provides equipment leasing and financing to small and mid-sized business in the United States. The company markets its products through its direct sales force, vendor channel, and broker partnerships. The company offers leases in the range of $ 5,000 to $ 5,000,000. Balboa Capital is privately held and based in Irvine, CA.

Contact:
Balboa Capital
Jonathan Albin
Tel: (949) 553-3498
Email: jonea@balboacapital.com

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