Friday, September 23, 2016

Loeb Term Solutions Provides a Term Loan on Equipment Valued at over $1.2 Million to a Northeastern Contract Packager

Loeb Term Solutions Provides a Term Loan on Equipment Valued at over $1.2 Million to a Northeastern Contract Packager: Loeb Term Solutions recently provided an equipment term loan to a Pennsylvania-based contract packaging facility specializing in private label and specially crafted fine foods...

Loeb Term Solutions Provides a Term Loan on Equipment Valued at over $1.2 Million to a Northeastern Contract Packager

Loeb Term Solutions recently provided an equipment term loan to a Pennsylvania-based contract packaging facility specializing in private label and specially crafted fine foods. The client was in need of additional working capital in order to expand their operations and purchase additional machinery. Loeb Term Solutions provided a term loan on the equipment valued at over $1.2 Million.

For more information on equipment term loans from Loeb Term Solutions visit www.loebtermsolutions.com

Wednesday, September 7, 2016

Loeb Term Solutions Announces the Graduation to a Traditional Commercial Bank Loan of a Midwest Metalworking Borrower

Loeb Term Solutions is pleased to announce the graduation of a Midwest metalworking facility after having provided an equipment term loan back in 2014. The company, a manufacturer of compressor housings and custom components for turbochargers, emission systems, valves and transmissions, sought equipment financing to leverage working capital in order to purchase the company after the owner passed away suddenly. 

After less than two years working with LTS, the company has grown substantially and is now able to qualify for traditional financing with a commercial bank. 

Since 2010, Loeb Term Solutions has provided funding on over $200 million dollars’ worth of industrial machinery. The company’s asset-based lending division offers specialty financing for the industrial marketplace with funding amounts ranging from $300,000 to $20,000,000. 

Loeb Term Solutions is an affiliate of Loeb, a fifth generation provider of reliable equipment and related services to the industrial marketplace. For more information on equipment term loans from Loeb Term Solutions visit www.loebtermsolutions.com.

Friday, August 12, 2016

Loeb Term Solutions Invests in SQN Latina to Provide Equipment Financing in Mexico

The Partnership is Focused on Providing Equipment Financing in Mexico with Fundings up to $4,000,000 per Deal 

Loeb Term Solutions announces its recent partnership in SQN Latina, a Mexico city-based industrial asset lender focused on small and medium enterprises. The partnership between the two companies is breaking barriers in the manufacturing, construction and transportation industries by its ability to offer equipment financing in Mexico. 

"We have received many requested from U.S. manufacturers that have facilities in Mexico that would like to leverage that equipment. Until now there has not been a seamlessly integrated way to do this in U.S. currency," stated John Hagist, CFO of Loeb. "We're thrilled with this new partnership and the opportunities that it will bring to our clients, both state-side and based in Mexico." 

Domestic companies wanting to leverage their assets in Mexico, but borrow and pay in U.S. dollars (USD), now have options to secure financing. The deals, ranging between $500,000 and $4,000,000 dollars (USD), are structured as sixty-month term leases with a small residual. 

SQN Latina is founded by Tanir Helayel and Eduardo Mendoza, veterans in asset-based lending with over 30 years in industrial financing. Currently the start-up has secured lending lines of over $75,000,000 USD. 

Since 2010, Loeb Term Solutions has provided funding on over $200 million dollars' worth of industrial machinery. The company's asset-based lending division offers specialty financing for the industrial marketplace with funding amounts ranging from $300,000 to $20,000,000.

Loeb Term Solutions is an affiliate of Loeb, a fifth generation provider of reliable equipment and related services to the industrial marketplace. For more information on equipment term loans from Loeb Term Solutions visit www.loebtermsolutions.com

About Loeb
For five generations since 1880, Loeb has been a trusted provider of reliable equipment and related services that help manufacturers and financial institutions leverage their industrial assets by managing the equipment lifecycle. Headquartered in Chicago with a 150,000 square foot facility, Loeb provides: equipment sales, purchases, rentals, certified market appraisals, auction services and equipment term loan financing. For more information on Loeb or any of its business units, please visit: www.loebequipment.com

About SQL Latina
Headquartered in the heart of Mexico City, SQN Latina was established to meet the needs of small and medium businesses for procurement and financing of industrial equipment, across industries as diverse as manufacturing, high tech, construction, industrial services, utilities and more. Our funding capabilities are second-to-none, allowing for leasing of all brands of equipment in the most competitive, efficient and flexible terms. SQN Latina's account managers are experts within the industries they serve and have an intimate knowledge of commercial equipment and leasing. Our goal is to establish solid, long term relationships with our customers, investing in our partners and referral sources. For more information, visit: www.sqnlatina.com

Friday, July 8, 2016

Loeb Term Solutions Finances Over $8.5 Million Dollars’ Worth of Industrial Equipment in June Providing Solutions for 3 More Manufacturers

Chicago-based lender, Loeb Term Solutions, closed out June by financing over $8,500,000 dollars' worth of industrial machinery and equipment. The financing is helping a southwest precious metal mining operation, a southeast sod manufacturer, and a sustainable packaging manufacturer, expand their businesses in order to meet the demands of their industries.


$6 Million
to a South Central Sustainable Packaging Facility

$2 Million
to a Southwest Rare Mineral Mining Operation

$600,000
to a Southeast Sod Manufacturer

"LTS' expertise in all facets of industrial equipment makes us uniquely positioned to quickly and efficiently lend on machinery that traditional lenders often choose not to finance," stated Jim Newman, Loeb Term Solutions' Managing Partner. "Our equipment term loan product is the perfect solution for companies looking to leverage working capital from existing assets in order to expand their operations. They are less expensive and easier to pay off early compared to Sale Leaseback products."

Since 2010, Loeb Term Solutions has provided funding on over $190 million dollars' worth of industrial machinery. The company's asset-based lending division offers specialty financing for the industrial marketplace with funding amounts ranging from $300,000 to $20,000,000.
Loeb Term Solutions is an affiliate of Loeb, a fifth generation provider of reliable equipment and related services to the industrial marketplace. For more information on equipment term loans from Loeb Term Solutions visit www.loebtermsolutions.com.

About Loeb
For five generations since 1880, Loeb has been a trusted provider of reliable equipment and related services that help manufacturers and financial institutions leverage their industrial assets by managing the equipment lifecycle. Headquartered in Chicago with a 150,000 square foot facility, Loeb provides: equipment sales, purchases, rentals, leasing & liquidations, certified market appraisals from Loeb Appraisal, auction services & asset disposition from Loeb Winternitz Industrial Auctioneers, and equipment term loan financing from Loeb Term Solutions. Loeb and all of its divisions are experts in providing equipment solutions to the: food, pharmaceutical, cosmetics, chemical, metalworking, woodworking, plastics, and printing industries. For more information on Loeb or any of its business units, please visit: www.loebequipment.com.

Tuesday, June 28, 2016

Asset Based Lending in Volatile Industries

Testimonials From a Client at Every Step in the Finance Life Cycle:

During Due Diligence: "When a strategic acquisition opportunity presented itself, I needed to move fast with assets that typical lenders do not like to finance. To get the deal done, Loeb Term Solutions not only assisted in the syndication, but also assisted in the organization of the collateral and the cleanup of over 600 liens -- all above the other various hurdles normally encountered during an acquisition by a new company." 

After Closing: "Loeb Term Solutions was a real team player in this process and saw these issues through with their persistence, determination and their suggestions to take care of the matter at hand." 

After the Successful Liquidation of Assets: "Thank you for all your help through this. Not sure how this would have gone if you didn't have my back. I will not forget and hope we can do something in the future." 

Asset Based Lending in Volatile Industries

As with any asset-based financing, lending on the machinery requires a pre-planned exit strategy. Volatility in any industry could result in a liquidation of the company and its assets, but it's important for our finance partners and clients to understand that the assets we are lending on potentially have different values depending on the industry utilizing them.

About a year ago, Loeb Term Solutions financed a company in the scrap metals and recycling industry. Changes in the value of scrap metal caused the closure of the business. Recognizing that asset values may be different in other industries, LTS felt the current value of the assets protected its loan and was comfortable in the decision to hold off on the liquidation since we knew much of the equipment would be used in other "healthier" industries. 

The owner decided to work through an Assignment for the Benefit of Creditors (ABC), and with the cooperation of all parties, the Assignee was able to liquidate some of the assets under the LTS lien in an Orderly Manner that allowed those buyers to buy before the auction and to continue to service the clients of the Borrower. After several months of this type of liquidation, the remaining assets were offered for sale in Bulk and sold to an Auctioneer group that then ran an auction to sell the remaining individual items piece-by-piece. 

Because of Loeb's valuation expertise and industrial knowledge, all ended well for everyone. The Assignee was able to run an orderly closure of the business, LTS was able to be paid off in full for its Term Loan on the machinery, and the auctioneer made a profit for the work he did selling off the pieces. 

On the other end of the spectrum, we currently have a turnaround situation underway in another volatile market, the printing industry. This deal poses a much bigger risk as printing presses cannot be redeployed for use in other industries. In this case, the exit strategy hinges on working closely with the owner of the shutdown facility, and allowing him time to find competitors who may be interested in his presses before we take them to auction. 

As a lender, LTS recognizes the differences in these distressed industries and we structure our loans accordingly in order to protect both the borrower and the lender. Largely this is accomplished by adjusting the advance rate. For clients with machinery that has a stronger resale value to alternative industries, a larger advance rate can be funded. Whereas companies with very specific machinery to their industry, can only be advanced a smaller portion of their appraised value. Overall, the key to lending within distressed industries is having a solid exit strategy that fully recognizes the value of the machinery and whether or not it may be specific to the industry you're lending in. 



We finance all types of businesses because we know asset values!
How can we help you with your financing needs?

Let us know how we can help! Contact Jim Newman today at (773) 496-5720 or jimn@loebtermsolutions.com.

Thursday, June 9, 2016

LTS Funds Over $2.5 Million Dollars' Worth of Equipment

Loeb is pleased to announce the addition of Joseph Upson to the team as the Southeast Region Business Development Officer. Joe brings over 26 years' experience in the corporate leasing and financing industry to Loeb. He was a co-founder and Principal in CompanionWay Capital, a senior secured lender focused on the middle market sector, as well as Commenda Capital, a broker dealer focused on advisory work for small to middle sized companies. Additionally, Joe's diverse financial background includes strategic positions with Textron Financial, GMAC Financial, Transamerica Financial, SunTrust Bank of Atlanta, Bank of Boston and DeNovo Capital, LLC; a financial advisory and syndication firm which he founded in 2002. He is an active member of the Turnaround Management Association, the Commercial Finance Association, and the Association for Corporate Growth.

Joe is based out of Atlanta, Georgia and will be working with lead sources in the Southeastern states and can be reached via email at JoeU@LoebTermSolutions.com or (773) 496-5743.

LTS Funds Over $2.5 Million Dollars' Worth of Equipment

$2 Million
to a Southwest Rare Mineral Mining Operation

$520,000
to a Northeast Apparel
& Footwear Manufacturer

We finance all types of businesses because we know asset values!
How can we help you provide the maximum funding amounts to your clients??