Balboa Capital announced the company has strengthened its mining equipment financing division with the appointment of three new finance directors. Additionally, the company recently increased its lending capacity with a $152 million securitization.

“The US mining industry is growing, and so too is the demand for capital equipment,” said Dale Schwartz, Director of Specialty Markets at Balboa Capital. “Our clients want to work with finance directors who have a deep understanding of mining and exploration, and we responded by adding staff members to meet their demands.” Balboa Capital offers mining equipment financing programs ranging from $1 million to $100 million.

Balboa Capital will be a featured exhibitor at the 2014 International Mining Conference and Expo (IMEX) in Las Vegas from September 23-25. “Our attendance at IMEX 2014 underscores our commitment to serving mining companies nationwide,” said Mr. Schwartz. “We look forward to strengthening our existing client relationships and establishing new partnerships with mining companies, mining equipment vendors and business consultants who can benefit from our equipment financing program.”