In Q3 of 2024, Loeb funded close to $10 million in machinery and equipment term loans in numerous industries. With simple, fast working capital extraction from existing M&E, these companies received the cash infusions they needed.
Loan Highlights:
- $3 Million to an Electrical Contractor
- $2 Million to a Forestry Company
- $1.7 Million to a Transportation Company
- $1.3 Million to a Woodworking Company
Other industries included construction, beverage, metalworking, and plastics
"In Q3 of 2024, the trend of banks tightening credit and refusing to lend continues," said Loeb's President Howard Newman. "Loeb continues to keep the lending doors open, providing quick, covenant-free loans to our clients based solely on asset values and not on clients' credit."