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 two 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 -- $500,000
- Midwest truck fabricator -- $500,000
- Dessert manufacturer -- $500,000 (lease)
“It’s really a wonderful relationship and partnership we form with each of our wide-ranging clients,” said 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.
Management Team Addition
To help facilitate these solutions even more effectively, Loeb announced it recently added Business Development Officer Rob Harjung to the Loeb Term Solutions management team.
“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,” said Newman.