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.
Loeb Term Solutions graduated a Midwest metalworking company’s facility to a traditional commercial bank loan from its existing equipment term loan established in 2014.
Joseph Upson joined Loeb as the business development officer for the Southeast region. He formerly served for CompanionWay Capital, Commenda Capital, Textron Financial and several other firms.
Loeb Term Solutions added Tim Serritella to its team as vice president of business development. He will focus on expanding the company’s equipment-based lending portfolio, appraisal services and off-lease remarketing services.
Madison Street Capital acted as exclusive financial advisor in arranging a credit facility, provided by Loeb Term Solutions, for oil, gas, mining and power service provider Renegade Industrial.
Loeb Term Solutions recently provided an equipment term loan to a Southwestern commercial bakery specializing in sweet and savory frozen bakery products.
Loeb announced the addition of Eric Grozenski to the Loeb Term Solutions team as its newest business development officer where he will focus on expanding the company’s equipment-based lending portfolio.
Loeb Term Solutions partnered in funding over $12 million in equipment term loan financing to solidify the acquisition of a Midwest metalworking company to new owners.