Loeb Term Solutions Finances Over $7.8 Million Dollars Worth of Industrial Equipment in February Providing Solutions for 5 More Manufacturers
Chicago-based lender, Loeb Term Solutions, closed February by financing another $7,800,000 dollars worth of industrial machinery and equipment. The financing will help an oilfield support company, an oil drilling equipment supplier, a technology manufacturer, a steel fabrication facility, and a plastics manufacturer.
"With all of these fundings we're helping the companies leverage working capital from their existing assets in order to expand operations," stated Jim Newman, Loeb Term Solutions' Managing Partner. "LTS' expertise in all facets of industrial equipment makes us uniquely positioned to quickly and efficiently lend on machinery that traditional lenders often choose not to finance."
Since 2010, Loeb Term Solutions has provided funding on over $105 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 Loeb Term Solutions and its recently funded deals, visit: www.loebtermsolutions.com.
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 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.