Loeb Term Solutions Funds Over 12 Million Dollars in Equipment Financing to a Midwest Company, Acting as Lead Syndicate
As the lead participant in a syndicated financing deal, Loeb Term Solutions recently partnered in funding over 12 million dollars in equipment term loan financing. The term loan will provide the working capital necessary to solidify the acquisition of a Midwest metalworking company to new owners.
As the lead participant, Loeb Term Solutions worked directly with the borrower, their management team, and corporate advisors, structuring the deal from the initial stages through to completion and providing $4,000,000 toward the final funding amount.
Headquartered on Chicago's south side, the newly merged operations will provide scrap metal services, electronic and medical equipment removal, resale, dismantlement and recycling, asset management, document shredding, cardboard, paper, wood, plastics, and technology recycling.
"Given the nature of this finance deal, we worked extremely close with the client's AR lender to provide as much liquidity as possible," stated Jim Newman, Loeb Term Solutions' Managing Partner. "Our equipment term loans are structured in a way to work in tandem with the AR lenders in order to maximize the working capital in complex scenarios often deemed as un-bankable by traditional lenders."
Since 2010, Loeb Term Solutions has provided funding on over $40 million dollars' worth of industrial machinery within the food, pharmaceutical, chemical, cosmetic, metalworking, and woodworking industries. The company's asset-based lending division offers specialty financing for the industrial marketplace with funding amounts ranging from $300,000 to $5,000,000.
Loeb Term Solutions is an affiliate of Loeb offers equipment term loans and purchase leasebacks 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.
For all media inquiries, please contact:
Sara Bogin, Marketing Director
|Download this Press Release|