Balboa Capital announced today that it has become a qualified lender for Carl’s Jr.® and Hardee’s® franchisees nationwide. Balboa Capital will provide current and prospective Carl’s Jr. and Hardee’s franchise owners with custom-tailored financing programs for furniture, fixtures and equipment (FF&E), re-imaging initiatives and product improvement programs (PIPs). The company will also structure franchise working capital loans that can be used for daily operational needs.
“We are excited to be a qualified lender for Carl’s Jr. and Hardee’s franchise business owners and look forward to providing them with the flexible financing solutions they need to support further growth,” said Angela Stoltenberg-Anderson, Director of Business Development for the Franchise Division of Balboa Capital’s Vendor Services Group. “Our vast experience and proven success with leading quick-service restaurant brands is a valuable asset to Carl’s Jr. and Hardee’s franchisees. We made significant investments in personnel and web-based technology to create a next-generation franchise financing platform that offers the ultimate in convenience.
Applications can be submitted online in just a few minutes, credit decisions are made in one hour or less, and funding for even the most complex transactions is delivered quickly.”
Balboa Capital has a growing franchise financing team that is dedicated to its customers’ transactional needs. They are able to facilitate financing programs that involve multiple equipment vendors and suppliers in a quick and efficient manner, enabling Carl’s Jr. and Hardee’s franchisees to focus their time and effort on running their restaurants. In addition, Balboa Capital has several revolving credit facilities with some of the largest lenders in the country, giving them the immense lending power that instills confidence among franchise business owners.
Balboa Capital is one of the largest privately-held independent finance companies in the United States delivering access to capital, speed of processing, dependable funding, industry-leading technology and innovative marketing tools that small and medium-sized customers require to fuel their growth and success. Established in 1988, Balboa Capital markets its products through their small ticket, middle market and vendor sales channels. In addition to franchise financing, the company’s capabilities include equipment financing, large ticket financing, commercial financing, small business loan products and equipment vendor financing.