Daily News: November 13, 2014

Loeb Term Solutions Funds $12MM in Equipment Financing

As the lead participant in a syndicated financing deal, Loeb Term Solutions partnered in funding over $12 million in equipment term loan financing. The term loan will provide the working capital necessary to solidify the acquisition of a Midwest metalworking company to new owners.

As the lead participant, Loeb Term Solutions worked directly with the borrower, their management team and corporate advisors, structuring the deal from the initial stages through to completion and providing $4,000,000 toward the final funding amount.

Headquartered on Chicago’s south side, the newly merged operations will provide scrap metal services, electronic and medical equipment removal, resale, dismantlement and recycling, asset management, document shredding, cardboard, paper, wood, plastics, and technology recycling.

“Given the nature of this finance deal, we worked extremely close with the client’s AR lender to provide as much liquidity as possible,” stated Jim Newman, Loeb Term Solutions’ Managing Partner. “Our equipment term loans are structured in a way to work in tandem with the AR lenders in order to maximize the working capital in complex scenarios often deemed as un-bankable by traditional lenders.”