Loeb announced its continued support to four important clients and a strategic partner. Its financial support will not only help them to endure an uncertain economic environment, but also make strategic acquisitions and help them grow their businesses. Loeb is doing this the way we always have: by leveraging working capital from their machinery with covenant-free equipment financing. Its services have benefitted companies in multiple industries:

• Participation in a $12 million for a turnkey purchase to a water management company
• $6 million for a loan payoff to a four-state contract drilling firm with a factoring partner
• $1.5 million Refinancing to a commercial bakery for a PE firm buyout
• $400,000 used equipment purchases for a construction company

Loeb Vice President of Credit and Underwriting Paul Kordik commented on these transactions, “Loeb continues to fortify and grow our factoring relationships and partnerships by lending our expertise to complement and enhance financing deals involving machinery and equipment. We also continue to maintain our reputation in the industry as a steadfast and reliable participation partner.”

• Loeb understands that every client has unique needs and welcomes the opportunity to work with factoring companies and strategic partners to get deals done. Loeb’s flexible and timely financial solutions include:
• Term loans that provide instant liquidity with easy payback
• Leasebacks that allow clients to ultimately regain ownership of their equipment
• Equipment lines of credit (ELOC) that leverage equipment to establish a borrowing base