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Loeb Term Solutions Finances $10 Million Dollars' Worth of Equipment Providing Solutions to 3 More Companies
Chicago-based lender, Loeb Term Solutions financed $10,000,000 dollars' worth of industrial machinery and equipment helping 3 more companies. The financing is helping companies in Specialty Freight & Logistics, Energy Services, and Contract Manufacturing to expand their businesses in order to meet the demands of their respective industries.
"Loeb's expertise in all facets of industrial machinery uniquely positions us to lend on assets that otherwise get overlooked by traditional lending sources," stated Andy King, Executive Vice President, Originations. "Our equipment financing solutions are the key to companies looking to unlock working capital from existing assets in order to expand their operations."
Loeb Term Solutions has provided financing solutions to the industrial marketplace for over 20 years, funding on over $240 million dollars' worth of industrial machinery. The company's asset-based lending division offers specialty financing for the industrial marketplace with funding amounts ranging from $300,000 to $20,000,000.
Loeb Term Solutions is an affiliate of Loeb, a fifth generation provider of reliable equipment and related services to the industrial marketplace. For more information on equipment term loans from Loeb Term Solutions visit www.loebtermsolutions.com.
About Loeb
For five generations since 1880, Loeb has been a trusted provider of reliable equipment and related services that help manufacturers and financial institutions leverage their industrial assets by managing the equipment lifecycle. Headquartered in Chicago with a 150,000 square foot facility, Loeb provides: equipment sales, purchases, rentals, leasing & liquidations, certified market appraisals from Loeb Appraisal, auction services & asset disposition from Loeb Winternitz Industrial Auctioneers, and equipment term loan financing from Loeb Term Solutions. Loeb and all of its divisions are experts in providing equipment solutions to the: food, pharmaceutical, cosmetics, chemical, metalworking, woodworking, plastics, and printing industries. For more information on Loeb or any of its business units, please visit: www.loebequipment.com.
