“I wanted to write to thank you personally for your heroic efforts and ‘stick-to-it-iveness’ in getting our deal done…This business is our life’s work and you are an integral part of it now. You are way more than a lender to me–more like a real hard working and trusted friend. We thank you for what you are doing as a lender. We cherish you for what you are doing as a friend.” – R. Davis, CEO
On the heels of a record funding year for Loeb Term Solutions, the Chicago-based lender has closed January by financing another $9,000,000 dollars worth of industrial machinery and equipment. The financing will help a global textile company open a new US facility and two plastics manufacturers expand their businesses during a time of growth.
“Our equipment term loans were initially conceived to help companies just like these three,” stated Jim Newman, Loeb Term Solutions’ Managing Partner. “With our extensive history in manufacturing equipment and our machinery knowledge, we are uniquely positioned to help companies needing to leverage working capital from their existing assets in order to expand their operations.”
Since 2010, Loeb Term Solutions has provided funding on over $97 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.
Equipment Valued in Excess of $6.8 Million
to a South Central Textiles Factory
Equipment Valued in Excess of $1.7 Million
to a Southeast Plastics Manufacturer
Equipment Valued in Excess of $550,000
to a Midwest Plastics Manufacturer