Balboa Capital Selects The Receivables Exchange to Provide Receivables Financing Solution to U.S. Businesses

NEW ORLEANS — The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, announced today that it has been selected by Balboa Capital Corporation, the U.S. leader in equipment financing, to deliver its innovative working capital solution to Balboa’s small and midsize business customers across the nation. This partnership will bring a new financial solution to Balboa’s customers, allowing them to use their accounts receivable to help fuel business growth. These businesses will be able to quickly improve their liquidity by turning their receivables into cash using The Receivables Exchange’s proprietary online auction marketplace.

“As one of the largest privately held equipment finance companies in America, Balboa Capital has a deep understanding of the liquidity challenges that small and midsize businesses face as they work hard to grow,” said Justin Brownhill, co-founder and chief executive officer of The Receivables Exchange. “Our receivables trading platform will complement the current financing services Balboa delivers, helping their customers to quickly improve their cash flow and optimize their accounts receivable management.”

“For more than two decades, we’ve been providing reliable and convenient financing options to small businesses across the country. It’s because of our unique strategy and dedication to customers that we understand the tremendous impact a flexible source of working capital can have on financial performance,” said Phil Silva, president of Balboa Capital. “We have always strived to invest in technology that increases financial transparency and efficiency. By joining efforts with The Receivables Exchange, we continue to expand our financing services to our national community of small and midsize businesses, helping them optimize their cash flow and build their business.”

Even in the best of times, improving cash flow remains one of the greatest and most consistent challenges for most companies, with more than 60 percent of their working capital tied up in outstanding invoices. The Receivables Exchange provides the optimal working capital solution for businesses to significantly lower their days sales outstanding (DSO) and realize an immediate and substantial improvement in cash flow. By selling individual or multiple receivables – when they choose, on terms they set – Balboa’s customers will be able to access a flexible, competitively-priced source of capital and reinvest that cash into their businesses.

About The Receivables Exchange
The Receivables Exchange (www.receivablesXchange.com) is the world’s first online marketplace for real-time trading of accounts receivable. The Receivables Exchange is changing the landscape of small business financing by providing a new dimension in working capital management. The Exchange connects a global network of accredited institutional investors (Buyers) to the nation’s millions of small and midsize businesses (Sellers) in search of capital to grow. Buyers get direct access to an $18 trillion new investable asset; Sellers gain access to a new competitive working capital management solution by having their receivables bid on in real-time by multiple Buyers.

About Balboa Capital
Balboa Capital is one of the largest privately-held equipment finance companies in the United States delivering industry-leading technology, ease of doing business and innovative marketing tools that small and medium sized customers require to fuel the growth and success of their business. Celebrating more than 22 years in business in 2010, Balboa Capital markets its products through the small ticket, middle market, vendor and office imaging sales channels.