Thursday, January 5, 2017

LTS Finances Over $6.9 Million Dollars' Worth of Equipment in December

Loeb Term Solutions, closed out the year by financing another $6,900,000 dollars’ worth of industrial machinery and equipment in December. The financing supports a precision die casting company, a metal fabrication facility, an aluminum extrusion facility, and a heavy construction company, helping to expand their businesses in order to meet the demands of their respective industries. 

$2.5 Million
to a Southeast Fabricating &
Stamping Company
$2.3 Million
to a Midwest Heavy Aluminum Fabrication Facility
$1 Million
to a Midwest Metalworking Facility
$400,000
to a Midwest Heavy Construction & Excavation Co.

“Our equipment term loans are the perfect solution for companies looking to leverage working capital from existing assets in order to expand their operations,” stated Jim Newman, Loeb Term Solutions’ Managing Partner. “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.” 

Since 2010, Loeb Term Solutions has provided funding on over $208 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.

Wednesday, November 2, 2016

Loeb Welcomes Andy King to the Team as Executive Vice President, Originations

Loeb is pleased to announce the addition of Andy King to the team as the Executive Vice President, Originations. He joins the organization focusing on expanding the company's equipment-based lending portfolio, as well as, appraisal, auction, and off-lease remarketing services. 

"Loeb has grown its finance group with great people and with the addition of Andy that continues," stated Jim Newman, Principal, Loeb Term Solutions. "I look forward to working with Andy and having him take over the Origination part of our group." 

Andy brings over 16 years' experience as an accomplished senior bank executive with significant experience as a middle market commercial banking officer. Previously at PrivateBank working with their special assets group and most recently with First Midwest Bank, Andy has focused on lending to finance companies, leasing companies, and collateral lenders. 

Andy received his undergraduate degree in Economics from Benedictine University and MBA from the University of Notre Dame. He is an active member of the Commercial Finance Association (CFA), both with the Chicago chapter and the national organization. 

He will be based out of Loeb's corporate headquarters in Chicago, Illinois and will be working with lead sources nationwide providing solutions across all of Loeb's business divisions. Andy resides in Glenview with his family where he enjoys coaching his children, golf, hiking, and fishing. 

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 term loans on machinery and equipment 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 Loeb Term Solutions and its recently funded deals, visit: www.loebtermsolutions.com.

To contact Andy directly he can be reached at AndyK@LoebTermSolutions.com or (773) 496-5739.

Thursday, September 29, 2016

The 4 Most Important Points in Understanding Your Options in Equipment Financing

Equipment Term Loans vs. Purchase Leasebacks:
The 4 Most Important Points in Understanding Your Options in Equipment Financing

There are many financing options in the industrial marketplace and it's important to get a clear understanding of some of the benefits to financing equipment through equipment term loans versus a purchase leaseback. Understanding the differences in costs and legal structure between these two financing options is paramount.

1. Retention of Ownership - The major difference between them is ownership and who has the rights to depreciate the machinery. While both financing options allow for uninterrupted use of the machinery, only a term loan allows for retention of ownership of the assets by the borrower. With a term loan, because the borrower retains ownership, they also retain the right to the depreciation of the machinery over the duration of the financing.

2. P&L - With a term loan the interest portion of the repayment is expensed, whereas with a purchase leaseback the entire payment hits the P&L. 

3. New Acquisitions - Acquiring new assets or selling surplus is often easier within the legal terms of a term loan. Even when the ultimate goal is to unlock equity in order to purchase additional assets, the value of those additional assets can be included in the terms of the term loan from the start. Purchase leasebacks don't always have that level of flexibility.

4. Liquidation of Assets - While not always pleasant to discuss, the reality is that should a borrower fail to stay current, regardless of the type of financing, the equipment needs to be liquidated. With a term loan, any funds received above what the lender is owed, are either provided to the borrower or other secured lenders. With an equipment purchase leaseback, the lender receives all the funds from the liquidation.

Overall, while both may have their benefits, on paper, the fiscal health of a company in turnaround with a term loan may be looked upon more favorably by traditional lenders. 

For more information visit: www.loebtermsolutions.com.

Currently working with clients who have financing needs - even south of the border? Contact Jim Newman today at (773) 496-5720 or jimn@loebtermsolutions.com.


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

Learn More About Loeb Term Solutions ›

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 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.