A new client we were working with, well-experienced in working with metal pressing and stamping companies, lacked M&E ownership history. They were located outside of the US, so banks refused to finance them.
As a non-traditional lender, we were able to help them secure an equipment line of credit quickly to help ensure their success—just like we always do at Loeb!
Our newly capitalized owners are happy that obstacle number one has been overcome so now all eyes can turn towards tackling their next challenge!