Chicago-based lender, Loeb, financed $9,000,000 worth of industrial machinery and equipment helping six additional companies. The financing is helping companies in the recycling, woodworking, special assets, metalworking, and transportation industries expand their businesses to meet the demands of their respective industries. Each one of these deals has an AR Lender in place.

“Loeb’s expertise in all facets of industrial machinery uniquely positions us to lend on assets that otherwise get overlooked by traditional lending sources,” said Howard Newman, Principal. “Our equipment financing solutions are the key to companies looking to unlock working capital from existing assets in order to expand their operations.”

Loeb has provided finance solutions to the industrial marketplace for over 25 years, funding more than $240 million worth of industrial machinery. The company’s asset-based lending division offers specialty financing for the industrial marketplace with funding amounts ranging from $1 million to $20 million. Loeb finances all types of companies because it bases its financing on collateral value only.