Print
Technology

KWIPPED Taps Balboa For Vendor Financing Options

By Ryan Haar, posted Jun 30, 2017
KWIPPED, a Wilmington-headquartered technology company, has picked California-based Balboa Capital to support its nationwide network of equipment rental suppliers with custom financing solutions for its customers, according to a recent news release.

KWIPPED, an online B2B equipment rental marketplace, will utilize Balboa Capital’s proprietary lending technology, large lending capacity and streamlined equipment financing process to allow for same-day funding of up to $250,000, stated the release.

The Wilmington company also recently announced that it got investment funding this month from Johnson City, Tennessee-based The Angel Roundtable, an early stage angel investor network.

The announcement did not include the funding amount. Officials for KWIPPED, which formed in 2014, said the company has received a total $755,000 in investment dollars to date.

With the new funding, the startup plans to expand its sales staff, said Robert Preville, KWIPPED’s co-founder and CEO, adding that the company has seen about 180 percent more revenue in the first half of the year – up to June 20 – compared to all of last year.

Preville owns the Greater Wilmington Business Journal with publisher Rob Kaiser. Preville and Kaiser are part owners of KWIPPED.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Volety 0020 1121724229

UNCW Hosts Summit To Address Global Marine Science Issues

Aswani Volety - UNCW College of Arts and Sciences
Adamshay 300x300

Leadership Lessons From The Battleship

Adam Shay - Adam Shay CPA, PLLC
Davidmcgowanapi300x300

2017: Energy in the Spotlight

David McGowan, III - N.C. Petroleum Council; American Petroleum Institute-NC

Trending News

United Airlines To Offer Two New Non-stop Routes To DC, Chicago

Christina Haley O'Neal - Nov 20, 2017

Virginia-based Insurance Broker Acquires Wilmington Firm

Christina Haley O'Neal - Nov 20, 2017

New Owner Picks Up 3 Wilmington Taxi Companies

Cece Nunn - Nov 21, 2017

ILM Hires Planning And Development Director To Aid Future Growth

Staff Reports - Nov 21, 2017

Industrial Supply Co. Growing, To Open N. College Road Storefront

Cece Nunn - Nov 20, 2017

In The Current Issue

In Castle Hayne, A Better Business Crop

North Carolina farmers are getting the latest in tricks of the trade and technological advances through research being conducted at horticul...


New Brunswick Economic Development Group Meets

Brunswick County commissioners have approved a formal agreement between the county and a new private-public economic development organizatio...


First-Time Homebuyers Face Challenges

Challenges faced by first-time homebuyers these days in the Wilmington area range from not making enough money to save up for a down payment...

Book On Business

The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2017 Health Care Heroes
Major Developments
WilmingtonBiz Expo - Key Note Lunch with Keynote Lunch with Chip Mahan - 2016