Daily News: April 17, 2013

Balboa Named Preferred Lender For Papa John’s Franchisees

Balboa Capital said it has become a preferred lender for Papa John’s current and prospective franchisees nationwide. Balboa Capital will provide tailored financing solutions for furniture, fixtures and equipment (FF&E), re-imaging/remodeling efforts, product improvement programs (PIP) and lease-hold improvements.

Angela Stoltenberg-Anderson, director of Business Development for the Franchise Division of Balboa Capital’s Vendor Services Group, established the financing partnership with Papa John’s. “Balboa Capital is extremely proud to have secured a preferred lender position with Papa John’s,” said Stoltenberg-Anderson. “We developed a financing program for Papa John’s that will meet and exceed the expectations of their franchisees throughout the country.”

Balboa Capital said it has a successful track record working with franchise business owners in the quick service restaurant (QSR) industry and recently expanded its franchise division to meet the growing demand of this business sector.

Balboa Capital is a direct lender, and the company’s franchise financing program is backed by aggressive rates, rapid funding and excellent customer service. Balboa Capital said it recently conducted a survey of 300 of its customers and more than 98% of them gave the company the highest satisfaction marks possible.