Loeb Term Solutions graduated a Midwest metalworking company’s facility to a traditional commercial bank loan from its existing equipment term loan established in 2014.

The company, a manufacturer of compressor housings and custom components for turbochargers, emission systems, valves and transmissions, sought equipment financing to leverage working capital in order to purchase the company after the owner passed away suddenly.

After less than two years working with LTS, the company grew substantially and was able to qualify for traditional financing with a commercial bank.