"Dave's addition to the team comes at a time of growth for the company," stated Jim Newman, Loeb Term Solutions' Managing Partner. "In just three short years we've grown a considerable portfolio of equipment-based deals funded with significant growth potential in 2014."
Since 2010, Loeb Term Solutions has provided funding on over $40 million dollars' worth of industrial machinery within the food, pharmaceutical, chemical, cosmetic, metalworking, and woodworking industries. The company's asset-based lending division offers specialty financing for the industrial marketplace with funding amounts ranging from $300,000 to $5,000,000.
"Having previously worked with Dave in the industry, we knew someone with his experience, integrity, and knowledge would be a huge asset to our team," stated Howard Newman, President of Loeb.
Dave is an industry veteran with over 30 years of corporate and commercial finance experience largely in the asset based industry. Most of his career has been spent in business development focusing on sales and general management for such companies as: Goldman Sachs, GE Capital, First National Bank of Chicago, Transamerica Business Credit, Stearns Financial Services, and Gibraltar Business Capital.
He holds a B.A. from Yale University and M.M. from Northwestern University's Kellogg School of Management and is a member of the Turnaround Management Association, the Association for Corporate Growth, the Alliance of Merger & Acquisition Advisors and the Midwest Business Brokers & Intermediaries.
Loeb Term Solutions is an affiliate of Loeb offering equipment term loans and purchase leasebacks to the industrial marketplace. For more information on Loeb Term Solutions and its recently funded deals, visit: www.loebtermsolutions.com. To contact Dave directly regarding financing or new business opportunities, he can be reached via email at davew@loebtermsolutions.com or (312) 509-0943.
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 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.
