Loeb Introduces a New “Line of Credit” Option

Loeb is pleased to add another innovative solution into their portfolio of financial services. Loeb’s “Line of Credit” option now allows clients to leverage the value of their machinery as collateral to gain financial flexibility while not being burden with P&I payments for working capital.  This is a great development for clients who might not need to access to the equipment right away or only need it on a seasonal basis. This is an excellent option for clients who want assurance that they have access to their equity for future use in Debtor-In-Possession (DIP), Mergers & Acquisitions, and General Working Capital situations.

“It’s really a wonderful partnership we have with our clients and we’re pleased that they feel comfortable talking to us about their financial hurdles. We have an amazing staff that has the ability to solve our clients’ issues and that they have come up with this incredible new offering for all of our current and future clients,” says Loeb President Howard Newman.  “Loeb’s core competency is that we really understand the equipment marketplace,” adds Newman, “and it really helps with that whole ‘lifecycle management’ from buying, selling and renting individual machines when a company is growing. . . to helping companies with their appraisals when they want to leverage that equipment . . . helping them sell machinery if they’re replacing those assets. . . helping them with financing if they’re struggling. . . and if they’re going out of business, it gives us the opportunity to help them liquidate those assets.”

Loeb’s “Line of Credit” option is available now and ready to help!  Call 773.548.4131, or visit Loeb on the web at www.loebequipment.com.

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 warehouse locations all over the country stocked with quality equipment.  Visit us at www.loebequipment.com.