Loeb provided $6.8 million in machinery and equipment loans in Q4/22. These loans will help the four businesses continue to operate smoothly by extracting working capital from their existing M&E.
Venice Gamble has joined the team at Loeb as vice president of business development. Gamble has nearly two decades of experience in special situations, M&A and asset disposition solutions.
Loeb hired Mary Jane Anderson as vice president of accounting and finance. Anderson has more than 20 years of experience leading accounting and finance teams and managing loan portfolios.
Loeb recently supported four clients and a strategic partner by leveraging working capital from machinery with covenant-free equipment financing. The transactions included participation in $12 million in financing for a turnkey purchase to a water management company.
Paul Kordik joined Loeb as VP of credit and underwriting and Chris Macchione joined as part of Loeb’s sales team.
Loeb’s new line of credit option allows clients to leverage the value of their machinery as collateral to gain financial flexibility without the burden of P&I payments for working capital.
Loeb financed mored than $12 million in equipment to seven new clients from a variety of industries, including mining, gear manufacturing and transportation.
Loeb announced it expanded its operation within the Midwest when it opened its Detroit office to house a team focused on used machinery and equipment sales.
Loeb closed $9 million worth of industrial machinery and equipment to help a global textile company open a new U.S. facility and two plastics manufacturers expand their businesses during a time of growth.