At Loeb Equipment, we are a leader in new and used food equipment sales and auctions. We offer financing for food processing equipment, food packaging equipment and many other types of equipment used in the food industry. If your company is looking for used food processing equipment, food packaging equipment or food packaging machinery, our team will work with you to ensure that you can buy, sell or rent used food equipment on terms that work best for your business.
What Is Food Equipment and How Is It Used?
Industry reports show that the global food equipment market was worth $34.6 billion in 2020. Equipment designed specifically for food production and processing can be costly, which can make it much more difficult for companies to afford the machinery and equipment they need to succeed in the competitive marketplace.
At Loeb Equipment, we offer options for acquiring new and used food equipment at affordable prices and with financing that works for you and your business. Our financing options are a welcome alternative to traditional loans and the recent trend toward tighter lending requirements by banks.
If your business needs food packaging machines or used food packaging equipment, Loeb Equipment is your best source for food equipment appraisals and financing to ensure the most practical and positive solutions for your food equipment requirements. We make it easy to access our food equipment auctions and to rent food equipment from our team of customer service experts.
Types of Food Equipment
At Loeb Equipment, we make it easy for you to find the right types of food processing equipment for your manufacturing operations. Our food equipment auctions are an ideal way to find used food processing and used food packaging equipment suited to your needs. Some of the most important types of food equipment available through Loeb include the following:
- Food processing equipment to include cleaning, grading and sorting equipment
- Graters, crushers and grinders
- Extruders, emulsifiers and molding machinery
- Mixers and blenders
- Food packaging equipment that includes canners
- Used food processing auctions
- Food equipment auctions for food packaging machinery
- All other types of food equipment used for food processing and packaging
These key items of food processing and food packaging machinery are used to prepare food for many businesses from beverages to baked goods to snacks.
How Food Equipment Financing Works
At Loeb, we offer expert food equipment appraisals that allow us to offer loans based on the value of your current equipment. We also offer a variety of equipment loans that use your current equipment as collateral. If you are looking to buy new equipment, Loeb’s food equipment loan options include federally backed Small Business Administration (SBA) 7a loans to make it easier to access the funds you need. Our array of food equipment loan options ensures that one of our solutions will most likely be the right choice for you.
Loeb offers some real advantages over traditional bank loans for equipment. Some of the most important reasons to choose Loeb for your food equipment loans and acquisitions include the following advantages:
- Improved chances of approval: Because Loeb focuses on the value of your collateral rather than your past credit history, we are a great resource for new companies and those with financial issues in the past.
- Accurate appraisals: Loeb has the experience and expertise necessary to provide you with accurate appraisals for food equipment term loans and the other financing options we offer.
- Flexibility: We can customize and tailor your food equipment loan to suit your needs and your ongoing financial situation.
- The ability to leverage your assets: Some of the financing options available from Loeb can allow you to extract equity from your food equipment while continuing to use these important food packaging machines and processing systems.
- Sizable loan amounts: Loeb can arrange for loans for food equipment that range from $1 million to $20 million depending on the value of the collateral. This can help you obtain the food packaging equipment or processing equipment you need on terms you can afford.
At Loeb, we make it easier to obtain the food equipment financing solutions you need on a schedule that works for your company. We have the industry expertise and the knowledge you need to manage your food equipment acquisitions more easily.
Food Equipment Appraisals
The equipment appraisal process generally requires an in-depth knowledge of the equipment market and current economic conditions. With skilled and knowledgeable staff members and more than 14 decades of experience in the equipment industry, Loeb offers food equipment appraisals that are in line with current pricing and that meet the standards for asset valuation in the financial field. We can provide accurate and timely appraisals to help you leverage your financial situation more effectively.
Food Equipment Auctions
Equipment auctions are events at which bids are accepted for machinery and processing equipment. In the food industry, used food processing equipment and packaging equipment are often found at these equipment auctions for affordable prices. For companies looking to buy used food equipment, these auctions can provide access to affordable used food equipment.
Loeb Equipment specializes in food equipment auctions that can provide you with the opportunity to buy food equipment affordably. In some cases, you may be able to acquire real bargains at our food equipment auctions. This can help you to manage your finances more effectively in the food manufacturing and packaging industries.
Food Equipment Loans, Term Loans and Asset-based Loans
At Loeb, we offer a wide array of food equipment financing options that include food equipment term loans, food equipment leasebacks and other funding solutions for the food industry. Food equipment loans from Loeb can provide the funding needed to acquire new equipment, to extract value from your current equipment and to expand your business to take advantage of opportunities in the competitive marketplace. At Loeb, we make it easy to find the best food equipment financing and term loans to suit the needs of your business operations.
Small Business Administration (SBA) 7a loans are one of the most popular types of equipment financing loans in the food industry. These food equipment term loans are backed by the government and may offer lower rates than other types of food equipment loans.
At Loeb, we offer an array of food equipment loan options that include asset-based loans for food equipment, term loans for acquisitions and lines of credit that offer optimal flexibility for your business. If you are interested in food equipment loans, please contact us and we will get in touch with you within 2 business hours.
Food Equipment Line of Credit
Equipment lines of credit are open-ended financial arrangements that can allow you to borrow up to the limit of your credit line. Once the amount borrowed has been repaid, you can once again borrow up to the limit of your food equipment line of credit. A equipment line of credit is a revolving credit account that offers optimal flexibility for purchasing new or used food processing equipment, food packaging equipment and other machinery and equipment needed for your ongoing operations.
Food Equipment Leasebacks and Leasing
A leaseback is a financial arrangement that allows a company to sell food equipment to a purchaser and then to lease the used food equipment back from that purchaser. Food equipment leasebacks can allow your business to acquire necessary funding while retaining the use of your equipment for as long as your lease agreement lasts. At Loeb, we offer leasebacks and leasing for all types of equipment, including used food packaging equipment, food processing equipment and other types of equipment used in the manufacturing industry.
Sell Food Equipment
Along with our acclaimed food equipment auctions, Loeb also makes it easy for you to sell food equipment directly to our company. We can buy used food equipment to help your company manage excess or surplus inventory and to put cash in hand for your business and its ongoing financial requirements. If you are looking to sell food equipment or have accumulated used food packaging equipment or processing equipment that is taking up space needlessly, Loeb is your best bet for selling your used food equipment quickly and for a fair price.
Buy Food Equipment
At Loeb, we also make it much easier to buy food equipment like food packaging machines through our array of food equipment auctions and directly from our company. We purchase used food processing equipment and food packaging equipment from companies across the country and then offer these food equipment systems for sale through our website. At Loeb, we make it much easier to buy used food equipment for your ongoing operational needs.
Food Equipment Liquidations
One of the best ways to obtain used food processing equipment and packaging equipment systems is through Loeb’s lineup of food equipment liquidations. In the past two years, many of these food equipment liquidations have moved to a hybrid or online-only model to provide added convenience for buyers and sellers alike. If you are looking to buy food equipment at affordable prices, Loeb offers liquidation sales that include used food packaging equipment, food processing equipment and all other types of food equipment to suit your needs and your budget perfectly. Whether you are looking to buy food equipment or to sell food equipment, our team has the knowledge and the skill to help you manage all your food equipment sales and purchases.
Rent Used Food Equipment
At Loeb, we offer food equipment rentals for customers who are interested in acquiring used food equipment for use in their daily processes. Our team makes it easy to rent food equipment for short-term or long-term use. If you are seeking the right food packaging equipment or processing tools for your manufacturing plant, Loeb can help you rent the right food equipment for all your current and future needs.
A Food Industry Overview
The food industry encompasses the manufacture, packaging and distribution of a wide range of fresh foods, packaged foods and beverages. Both alcoholic and non-alcoholic drinks are included in the overall food industry. Recent market conditions have increased the demand for canned and packaged foods, with staples like canned soup and frozen foods showing the largest gains in the past two years.
The food equipment manufacturing sector remains strong. Demand for food processing equipment and used or refurbished food equipment is also high, driven in part by supply-side shortages of raw materials and other interruptions of the global supply chain.
Domestic food production will likely be a primary focus for the economy as pandemic-related interruptions to global logistics continue to cut into imported food sources. As a result, both used and new food equipment will likely see increased demand as U.S. production facilities step up to fill the gap left by supply chain woes overseas. This will increase the demand for the services offered by Loeb, including auctions, lines of credit, appraisals and liquidation sales that will allow our clients to access the right solutions for all their equipment purchasing, leasing, sales and rental needs.
At Loeb Equipment, we offer practical and positive solutions for all your food equipment requirements. If you are interested in purchasing equipment at auction, liquidating or selling off some of your excess equipment or renting equipment directly from us, our team of customer service professionals will be happy to work with you to provide the right solutions for your needs. Give Loeb Equipment a call today at 1-800-560-LOEB or 1-773-548-4131. You can also reach us by email at info@loebequipment.com. We look forward to the opportunity to serve all your equipment needs now and in the future.