Press Release – Apple Capital Group

JACKSONVILLE, FL – Apple Capital Group, Inc., Broker Division has completed its first twelve months of operation and achieved a number of important milestones. The division has grown steadily over the past year and currently represents 17% of new incremental app only business volume for the Company. In 2004, Apple Capital Group Broker Division added 55 new broker partners. The average funded transaction size was $35,000 and covered a broad spectrum of industries and equipment types. Apple Capital Group plans to continue to grow the division by reaching 150 approved broker partners by the end of 2005. The company has made a number of important investments to support the anticipated growth in brokers and volume. Apple Capital Group recently introduced Compass, an online application processing and documentation portal that provides near real-time credit decisions and electronic lease documents. Apple Capital Group is also utilizing an advanced credit scoring model to speed the processing of all applications, and has made a number of enhancements in its funding process.
Balboa Capitals portfolio grew by over 30% in 2004 due a number of new initiatives including the establishment of the Broker Division as well as a new Vendor Program. The Company recently announced the completion of a $75 million note purchase facility that will provide funding for the Company’s Broker, Vendor and Direct channels.
About Balboa Capital Corporation
Balboa Capital provides equipment leasing and financing to small and mid-sized business in the United States. The company markets its products through its direct sales force, vendor channel, and broker partnerships. The company offers leases in the range of $5,000 to $ 5,000,000. Balboa Capital is privately held and based in Irvine, CA.

Apple Capital Group Broker Division has completed its first twelve months of operation and achieved a number of important milestones. The division has grown steadily over the past yePar and currently represents 17% of new incremental app only business volume for the Company. Press Release –

In 2007, Apple Capital Group Broker Division added 55 new broker partners. The average funded transaction size was $35,000 and covered a broad spectrum of industries and equipment types. Balboa plans to continue to grow the division by reaching 150 approved broker partners by the end of 2005. The company has made a number of important investments to support the anticipated growth in brokers and volume. Apple Capital Group recently, an online application processing and documentation portal that provides near real-time credit decisions and electronic lease documents. Apple Capital Group is also utilizing an advanced credit scoring model to speed the processing of all applications, and has made a number of enhancements in its funding process.

Apple Capital Group portfolio grew by over 30% in 2004 due a number of new initiatives including the establishment of the Broker Division as well as a new Vendor Program. The Company recently announced the completion of a $75 million note purchase facility that will provide funding for the Company’s Broker, Vendor and Direct channels.

About Apple Capital Group

Apple Capital Group provides equipment leasing and financing to small and mid-sized business in the United States. The company markets its products through its direct sales force, vendor channel, and broker partnerships. The company offers leases in the range of $5,000 to $ 5,000,000. Apple Capital Group is privately held and based in Jacksonville, Fl.