Costa Mesa, Calif.-based Balboa Capital Corp. has opened an office on the lower level of The Inlander newspaper building, at 1227 W. Summit Parkway, in the Kendall Yards development west of downtown Spokane.

Balboa Capital is a technology-centered finance company that specializes in offering small business loans, financing for business equipment, commercial loans, and franchise financing, says Michael Bivins, director of enterprise and commercial sales here.

The Spokane office is Balboa’s fourth overall. Additional offices are in Scottsdale, Ariz., and San Ramon, Calif. The Spokane office opened May 1 and currently employs a staff of five, including Bivins.

“We’re hoping to grow this sales office to between 20 to 30 employees,” Bivins says. “We’re actively hiring right now specifically in search of entry-level sales representatives and account executives.”

Established in 1988, Balboa Capital claims more than 250 employees and says it has extended more than $5 billion in financing for companies since its inception, the company’s website says.

With its Spokane office, the company occupies roughly 2,000 square feet of space. Bivins says growth would require a move to a larger office space, but he says Balboa Capital wants to keep the office in Kendall Yards.

“We’re off to a terrific start and couldn’t be happier with our launch. Kendall Yards is a great neighborhood,” Bivins says.

From here, Bivins, who relocated from the Costa Mesa office, continues to manage the office there and in Scottsdale.

“The decision to expand our presence in the Pacific Northwest is part of our company’s growth strategy,” says Phil Silva, president of Balboa Capital in a written press release.

“This area is rich with talent from leading colleges and universities, and this presents us with the opportunity to hire highly skilled and qualified account managers and support staff members,” Silva says.

The company says it’s active in using digital marketing and social media to attract potential employees.