Balboa Capital opened a new office in Jacksonville, Florida to serve its existing and future equipment vendor partners on the east coast.

It will be led by Eric Mandella, sales manager of Balboa Capital’s vendor services group, who has more than 16 years of industry experience. This is Balboa Capital’s fourth office location; the company is headquartered in Irvine, California and has additional offices in Scottsdale, Arizona and San Ramon, California. The new location is part of Balboa Capital’s aggressive growth plans, which include the expansion of each of its financing divisions and addition of more than 130 employees in 2014.

“We have had tremendous success working with equipment vendors nationwide, but we felt it was important to anchor our east coast presence based on the growing demand for our fast, dependable financing products,” said Phil Silva, President of Balboa Capital. “Our new office in Jacksonville firmly establishes our coast-to-coast coverage and enables our vendor financing team to provide focused support.”

Balboa Capital has already hired six experienced equipment vendor financing managers for its Jacksonville location, and expects that number to double within the coming months. “We assembled a very talented team with Eric that provides real value to our vendor partners and their customers,” said Mr. Silva.