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.
Loan Details
- $3 million to a hauling company to support its existing fleet
- $1.6 million for a foreign client to purchase a winery
- $1.2 million to a synthetic fish protein manufacturer to scale from lab to production
- $1 million to a commodity recycler to help survive the commodity cycle
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“In the Q4/22, we saw strong growth in our M&E term loan facility,” Howard Newman, president of Loeb, said. “What was remarkable is that we were able to help companies in such differing transitional situations. The current economic environment is challenging companies in ways we haven’t seen in a while, and we stand ready to provide security through working capital as we’ve always done.”
