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 Terms Solutions hired Greg Andricopulos as CFO and Eric Schwartz as CIO and CMO. Andricopulos will lead the financial aspects of all Loeb companies. Schwartz will be heading up the digital and information technology areas for all Loeb companies.
Loeb Term Solutions provided $10 million in covenant-free financing for nine clients over the last two months, including $3.5 million for an earth moving construction company. In addition, the company hired Rob Harjung as a business development officer.