Daily News: March 6, 2015

Loeb Finances Upwards of $7.8MM in Industrial Equipment

Loeb Term Solutions closed February by financing another $7.8 million worth of industrial machinery and equipment. The financing will help an oilfield support company, an oil drilling equipment supplier, a technology manufacturer, a steel fabrication facility and a plastics manufacturer.

“With all of these fundings we’re helping the companies leverage working capital from their existing assets in order to expand operations,” stated Jim Newman, Loeb Term Solutions’ Managing Partner. “LTS’ expertise in all facets of industrial equipment makes us uniquely positioned to quickly and efficiently lend on machinery that traditional lenders often choose not to finance.”