Pictures from the Past

Pictures from the Past

 

— 1993 —

 

Giffin-Byrne

 

 

 

Balboa Capital Corporation ,VP Finance Shawn Giffin, CLP (left) congratulates President Patrick E. Byrne, CLP. The Western Association of Equipment Leasing member firm was recently ranked #67 overall on the Inc. 500 list.

 

Firms: Balboa Capital Corp.

Specialization: High-tech

Lease Range: $10K-$2 million

Number of Employees: 35

 

Irvine-based Balboa Capital Corporation is the 67th fastest-growing private company in the U.S. according to Inc. Magazine.  In its annual “Inc.550 Survey, “ published in the October, 1993 edition, Balboa ranked 67 overall and second in southern California, based on their five year grown patter.

 

The secret to their success? According to President Patrick E. Byrne, CLP, “ We pride ourselves on creative thinking and promoting from within. Being a member of WAEL has helped us grow with its many opportunities to interact and network. Through WAEL, we’ve developed important partnerships and relationships with funders and suppliers.”

 

 

Byrne founded the fledging company six years ago---and joined WAEL a year later. The company, which started in a small office with only three employees, has increased now to three offices with thirty employees. Byrne said he predicts a 50 percent growth next year.

 

Vice President of Finance Shawn Giffin, CLP, adds, “Our sales force doesn’t have the frame of reference of the ‘easy years’ of the 80s.  They simply don’t acknowledge the existence of a recession. They think that this is the way it’s supposed to be and just go out and write lots of business.”

Byrne and Griffin can be reached at (310) 575-9900., 11150 Santa Monica Blvd, Suite 670, Los Angeles, CA. 90025.

Fall, 1993, WAEL Newsline

 

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