A mining business was looking for a flexible financing solution to meet multiple capital needs – including acquiring their quarry. Luckily, they didn’t have to do much extracting to find a solution to their financial needs. They learned Loeb was the perfect solution for their needs.
Loeb’s first task was to obtain the capital needed to finalize the stock purchase acquisition of the business. Post-acquisition, the miners wanted the flexibility to draw additional working capital as needed.
Loeb was able to do this with their Line of Credit, which allows clients to draw funds at their discretion. In this case, the client utilized their $1MM line of credit to finalize an acquisition and manage operational expenses. All in all, Loeb unearthed some gold for this client!