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#3 -_ 1 (1)

February 10, 2022

Source: Loeb

Scot Lund, Chad Doucette, and Barry Orlov Bring Extensive Skills to the Company

CHICAGO, February 8, 2022 (Newswire.com) - Loeb, an industry leader in the lifecycle management of industrial manufacturing equipment and machinery, continues to fortify its team to better assist its clients, customers, and referral partners with the hiring of Scot Lund (Senior Vice President), Chad Doucette (Asset Evaluator), and Barry Orlov (Loan Specialist).

Scot has deep experience in finance, business restructuring, crisis management, team building, coaching, and high-growth management. He recently created the small ticket leasing division of Crestmark Bank that grew to over $400MM in assets in just three and a half years. He's active in the ELFA, AACFB, CFA and TMA. Past awards and leadership include President at the Turnaround Management Association, Crain's 40 under 40, and a nomination for Entrepreneur of the Year by Ernst and Young. His experience uniquely positions him to help companies effectively obtain the funding they need by considering their specific needs.

Chad is an accredited member of the American Society of Appraisers, a Certified Equipment Appraiser with the Association of Machinery and Equipment Appraisers and is USPAP-certified. His strong background, which includes more than five years in equipment appraisals and valuation, integrates snugly with Loeb's wide range of services. He has completed appraisals in a wide variety of industries across the US, Canada, Mexico, and Puerto Rico.

Barry brings more than eight years of finance and management experience with him to Loeb. His ability to maintain strong relationships and forge partnerships between stakeholders, clients, and customers has been key in Barry's career success. In his role as Loan Specialist at Loeb, he handles servicing of the asset-based lending portfolio and introducing efficiencies into the servicing process to give Loeb a competitive advantage.

"Scot, Chad, and Barry are welcome additions to our amazing team at Loeb," said Loeb President Howard Newman. "All three of them bring uniquely seasoned expertise and deep understanding of how all aspects of the equipment lifecycle should be managed. They have acute understanding of how to both keep our clients, customers, and referral partners satisfied and to spare no detail in projects done with Loeb.  They all recognize that when we finalize a deal, it's more than just a contract or valuation. It's the beginning of an ongoing relationship based on trust, knowledge and the options that we provide."

Scot can be reached at: scotl@loebequipment.com

 Chad can be reached at: chadd@loebequipment.com

 Barry can be reached at: barryo@loebequipment.com

 About Loeb: Since 1880, Loeb has been helping manufacturers and financial institutions leverage their industrial assets by managing the equipment lifecycle. Loeb monetizes industrial assets through acquisitions, sales, valuations, and financing. Visit us at www.loebequipment.com.

Press Release Contact:

Eric Schwartz
erics@loebequipment.com
773-548-4131