Quick closures and flexible terms allow four transitioning companies to focus on growing
CHICAGO, November 10, 2022 /PRNewswire/ — Loeb announces that it has recently granted four new term loans totaling $9.3 million. These loans will help four companies in financial transition to expand their businesses by leveraging working capital from their existing machinery and equipment.
- $4.7 million for the private equity acquisition of a blacksmithing operation
- $2.8 million to consolidate the loans of a heavy transport operation
- $1.3 million equipment line of credit for the acquisition of an automotive metallurgy business
- $0.5 million to a private equity firm to acquire a competing holding company
“With these four loans, we are continuing our more than 25-year history of providing businesses with hassle-free term loans and lines of credit,” said Loeb’s chairman. Howard Newman. “Because we are M&E valuation experts, we can help companies unlock the best price in their existing machinery and equipment and close quickly with no-commitment loan solutions.”
About Loeb: For decades, Loeb has helped manufacturers and financial institutions leverage their industrial assets through financing solutions and valuations to unlock the best price for their existing M&E. With financing in 4 weeks; no commitments; M&E value, not credit quality; and multiple financing options, including term loans, equipment lines of credit, and sale-leasebacks.
Visit us at https://www.loebequipment.com
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