Daily News: April 24, 2014

Loeb Term Solutions Names New Business Development Officer

Loeb Term Solutions announced the addition of Dave Wanders as its newest business development officer. He joins Jim Newman, managing partner and the rest of the team in focusing on expanding the financial arm’s equipment-based lending portfolio.

Dave is an industry veteran with over 30 years of corporate and commercial finance experience largely in the asset based industry. Most of his career has been spent in business development focusing on sales and general management for such companies as: Goldman Sachs, GE Capital, First National Bank of Chicago, Transamerica Business Credit, Stearns Financial Services, and Gibraltar Business Capital.

“Dave’s addition to the team comes at a time of growth for the company,” stated Newman. “In just three short years we’ve grown a considerable portfolio of equipment-based deals funded with significant growth potential in 2014.”

Since 2010, Loeb Term Solutions has provided funding on more than $40 million dollars’ worth of industrial machinery within the food, pharmaceutical, chemical, cosmetic, metalworking and woodworking industries. The company’s asset-based lending division offers specialty financing for the industrial marketplace with funding amounts ranging from $300,000 to $5 million.