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
- $6 million in financing for a loan payoff to a four-state contract drilling firm with a factoring partner
- A $1.5 million refinancing to a commercial bakery for a private equity firm buyout
- $400,000 for used equipment purchases for a construction company
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“Loeb continues to fortify and grow our factoring relationships and partnerships by lending our expertise to complement and enhance financing deals involving machinery and equipment,” Paul Kordik, vice president of credit and underwriting at Loeb, said. “We also continue to maintain our reputation in the industry as a steadfast and reliable participation partner.”
