Loeb Term Solutions Provides Term loans on $10M In Machinery this Quarter for Nine Satisfied Clients and Expands Sales Force

June 10, 2020

Source: Loeb Term Solutions

The best business solutions are the ones where everyone comes out a winner.  The equipment professionals at Loeb have been creating winning solutions since 1880.   

In the past 2 months nine clients were able to grow their businesses by leveraging working capital from their machinery with equipment financing provided by Loeb Term Solutions. These winning solutions amount to $10 million in covenant-free financing for businesses ranging from transportation to earth moving, from a truck fabricator to an underground utility contractor, from a steel producer to a protein producer, and several others.

The complete list includes:

•            Earth Moving Construction Company -- $3.5 Million

•            Southern Steel Producer -- $2 Million

•            Transportation Company -- $2 Million

•            Northeast Protein Producer -- $1.1 Million

•            Midwest Welding Shop -- $1 Million

•            Material Handling Rental Company -- $1 Million

•            Underground Utility Contractor -- $500K

•            Midwest Truck Fabricator -- $500K

•            Dessert Manufacturer -- $500K (Lease)

“It’s really a wonderful relationship and partnership we form with each of our wide-ranging clients,” says Loeb President Howard Newman.  “Loeb’s core competency is really understanding the equipment marketplace,” adds Newman, “and it really helps with that whole ‘lifecycle management’ of their machinery assets

Loeb is grateful for the opportunity to bring successful solutions to these nine businesses and looks forward with excitement to what lies ahead for themselves and their clients.

To help facilitate these solutions even more effectively, Loeb is proud to announce that they have recently added Business Development Officer Rob Harjung to their Loeb Term Solutions management team.  Said Loeb President Newman, “Rob brings a welcome dimension to what we can do here at Loeb since he has excellent experience across all aspects of our business – machinery and equipment, alternative lending, and human capital management.”

About Loeb

For five generations since 1880, Loeb has been a trusted provider of reliable equipment and related services that help manufacturing and financial companies leverage their industrial assets. Headquartered in Chicago, we maintain over 150,000 square feet of warehouse space stocked with quality equipment.  Visit us at www.loebequipment.com

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