Loeb announced it has provided four new term loans totaling $9.3 million. These loans will help four companies, in transitional financial states, grow their businesses by leveraging working capital from their existing machinery and equipment.

Loan Details:

• $4.7 million for private equity acquisition of a forging operation
• $2.8 million to consolidate loans from a heavy hauling operation
• $1.3 million equipment line of credit to acquire an auto metalworking company
• $500,000 to a private equity firm to acquire a portfolio company competitor

"With these four loans, we continue our 25+ year history of providing companies with hassle-free term loans and lines of credit," said Loeb's President Howard Newman. "Because we're experts in M&E valuations, we can help companies unlock top dollar in their existing machinery & equipment and close quickly with covenant-free lending solutions."