Bridging the Gap to Traditional Lending

For many of the clients that come to Loeb Term Solutions for financing, their companies are distressed or in turnaround and they fall outside of the covenants of traditional lenders. However, this doesn't necessarily mean that the company will never be able to qualify with a traditional lender in the future. In fact, Loeb Term Solutions has been the right move at the right time to bridge the gap in financing for a number of companies, who have been able to exit our financing in 24-36 months. 

Loeb Term Solutions' equipment term loans work toward rebuilding a company's credit profile. All of our term loans come with a built in incentive for on time payments. Additionally, clients have a simple option with no restrictions for pre-payment allowing for early payoff at any time. 

Many clients have exercised the option to graduate from LTS' financing early in favor of SBA loans and traditional bank refinancing. Often this is accomplished through restructuring their financing through a real estate loan. Financing on real estate typically takes longer to fund but can have more attractive terms including: interest rate, payment size, and term length. Loeb Term Solutions has worked with customers to provide working capital in the form of an equipment term loan to provide a stop-gap while they pursued financing through their real estate. 

Equipment term loan financing can be an important step for companies to repair their credit and bridge their way back to traditional lending standards. Loeb Term Solutions is proud to have helped so many of our clients along their way back to traditional lending standards. 

We finance all types of businesses because we know asset values!

How can we help you provide the maximum funding amounts to your clients?? 

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

Learn More About Loeb Term Solutions ›

LTS Funds Over $3.7 Million Dollar's Worth of Equipment

"One of the easiest interactions that I have had as a turnaround professional in almost 20 years!!"

LTS Funds Over $3.7 Million Dollars' Worth of Equipment 

Loeb Term Solutions recently funded term loans on equipment valued at over $3.7 Million helping three more clients achieve their financing goals. We work with both end-users and financial professionals to provide financing to companies that fall outside of traditional lender's covenants. We finance all types of businesses because we know asset values! 

 What our financing partners have to say about us: 

"Thank you for all of your help in closing this M&E term loan. Although it has been a long journey from where we started, due to difficult negotiations with two judgment creditors, my interactions with Loeb throughout the process have been nothing but professional, responsive, pragmatic, and friendly. The entire process – initial contact, letter of intent, site visit, due diligence, resolution of gating issues, documentation, and closing – has been one of the easiest interactions that I have had as a turnaround professional in almost 20 years. It was a pleasure doing business with you, and I hope I get the opportunity to do so again in the near future!"

$1.5 Million to a Southeast Food Manufacturer	$1.3 Million to a Midwest Precision CNC Facility	$900,000 to a Northeast Pharmaceutical Mfg.

We finance all types of businesses because we know asset values! 

How can we help you provide the maximum funding amounts to your clients?? 

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

Liens: The Sleeping Giant Jeopardizing Turnaround Financing

Liens, in and of themselves, are neither bad nor good; they just are. When a company needs financing or refinancing, the new lender will always run a lien search and find exactly what liens are currently encumbering the company assets.

Over the past year, Loeb Term Solutions funded approximately 30 companies, and in the process cleaned up the UCC liens on file against nearly all them. Most of those clients treat their lien files more like a "sleeping giant" that only awakens once they seek financing or refinancing. Potential new lenders will always run a search to find liens that are currently encumbering a company's assets, and a long lien cleanup process can slow up the refinancing at a time when its imperative things move quickly.

As an example, during the recent due diligence performed for a client seeking funding, the following outstanding liens were uncovered:

• A judgement lien for an old, unpaid insurance premium
• Two judgement liens from unsatisfied vendors looking to recoup back payment
• Liens tied to back tax issues

The client was completely unaware of the outstanding liens. As such, the cleanup and subsequently the funding processes took longer than usual. Typically, clients with clean Uniform Commercial Code (UCC) files can expect financing within a three-to-four week timeline, while clients with outstanding liens typically take five-to-six weeks to secure funding.

Another recent funding involved eight liens that needed to be cleaned up before funding could be even be considered. It took about two months of due diligence and working closely with the client to resolve six of the liens and only have two remaining. Those two liens were for fixed dollar amounts and in order to close, the client and the borrower agreed to put those funds into a reserve account. The funding took place and once the client cleaned the last two liens up independently, the additional funds held in reserve were then released.

The cleanup process itself can take as little as 10 minutes, if the lien holder agrees with you that the existing lien is inappropriate. If a lien is older than a few years, there can be issues in getting such an agreement or even tracing down the lien holder and without their permission it is impossible to clean up the lien.

Costly delays in financing can be avoided entirely if the client does preemptive due diligence or regular fiscal checkups. After all, it's considered standard to check in regularly with a dentist, doctor, or auto mechanic. Why wouldn't a company need to take the same approach with understanding the big picture regarding their financial health, especially if it means avoiding delays or problems when the time comes for them to seek funding or even to sell the company? One ounce of prevention will ensure a financially stronger and healthier business loses no time when funding is needed.

Don't jeopardize future funding turnaround by giving liens the "sleeping giant" treatment.

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.

Learn More About Loeb Term Solutions ›

Speed & Flexibility: Large or Small, We Can Better Service Your Financing Needs

We've Increased our lending amounts! 

Loeb Term Solutions now funds deals between $300,000 and $20,000,000. Our flexible lending amounts mean no company is too small or too large for our equipment term loans. 

We can finance in as little as 3-4 weeks! 

Our due diligence is done in tandem with the appraisal being performed saving valuable time for our clients and allowing us to finance within 3-4 weeks from the date the due diligence fee is received. 

Our due diligence is the lowest in the industry! 
Our legal due diligence fees for a single plant location are the lowest in the industry at only $2,500. Don't let your much needed capital get swallowed up in hidden costs. 

We've made pre-payment easier! 
Our pre-payment with decreasing pre-payment fees is based on the current balance (not original amount) allowing for early payoff at any time with a sliding scale beginning in year one. A 1% Success Fee (based on original funding) can be waived entirely if customer hasn't been late with payment more than twice. 

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. 

Learn More About Loeb Term Solutions ›

Loeb Expands Operations in the Midwest and Opens an Office Outside of Detroit

The regional office will be home to Loeb Term Solutions’ BDO, Eric Grozenski and Loeb’s Account Manager, Andres Barriga

Loeb recently expanded its operations within the Midwest when it opened its Detroit office earlier this month. The office will house a team focused on used machinery and equipment sales as well as business development for related services such as term loan financing, appraisals, and auction services. 

The establishment of the Detroit office comes at a time of substantial growth for Loeb Term Solutions, the industrial lending arm of Loeb and the recent appointment of Eric Grozenski as Business Development Officer for the tristate area: Michigan, Ohio, and Indiana. 

“In the past 18 months, Loeb Term Solutions experienced significant growth in our lending portfolio and we are expanding our operations to better serve the metro-Detroit financial sector, stated Jim Newman, Loeb Term Solutions Managing Partner. “We now have offices in Illinois, Florida, South Carolina and now Michigan.” 

The Detroit office will also be home to Loeb Account Manager, Andres (Andy) Barriga who will be focusing on machinery sales and acquisitions. 

“With all of the business we do in Michigan and Ohio, it was a great opportunity to get someone local to continue our growth with our customers,” stated Howard Newman, President of Loeb. 

The Detroit office is located at 100 West Big Beaver Road, Troy, MI 48084. 

For information regarding equipment term loans, appraisals, and auctions, please contact Eric Grozenski at (773) 620-1858 or ericg@loebtermsolutions.com. 

For information regarding machinery and equipment sales and acquisitions, please contact Andy Barriga at (773) 496-5721 or andyb@loebequipment.com.

LTS Funds Over $4.2 Million Dollars' Worth of Equipment This Month

How can we help you provide the maximum funding amounts to your clients?? 

Loeb Term Solutions recently partnered to fund a term loan on equipment valued at over $3.7 Million and spearheaded another term loan on equipment valued at over $600,000. 

While Loeb Term Solutions has the flexibility to provide exclusive funding to its clients, LTS enjoys working with other professionals to share expertise and resources for the benefit of all involved. 

 We finance all types of businesses because we know asset values!

Equipment Valued in Excess of $3.7 Million to a Midwest Food Processor	Equipment Valued in Excess of $600,000 to a Southeastern Film Production Equipment Co.

Over $165 Million Worth of Equipment Financed! Currently working with clients who have financing needs? 

Contact Jim Newman today at (773) 496-5720 or jimn@loebtermsolutions.com. 

Learn More About Loeb Term Solutions ›

Deals Flow in Both Directions - LTS Wants to Participate in Deals with You!

Loeb Term Solutions recently participated in funding a 40 million dollar equipment term loan providing working capital to a Southern heavy civil construction company.

This opportunity was brought to us by a lender that we brought into a previous opportunity we had that we wanted to share.

Participating with other lenders to provide financing to a credit facility this large is something Loeb is doing more often and would love to hear from you if this is something that interests you as well.

Whether it's Loeb Term Solutions who brings other lenders into large fundings or LTS participating with other lenders, we enjoy working with other professionals to share expertise and resources for the benefit of all involved.

How can we help you provide the maximum funding amounts to your clients??

Customer: A South Central Heavy Civil Construction Company

Financial Situation: The working capital will be used by the client to restructure existing debt and includes a collateral pool of over 2,300 pieces of various industrial equipment.

Solution: Loeb Term Solutions provided a $5 Million Dollar Term Loan on the equipment valued in excess of $51 Million.
We finance all types of businesses because  we know asset values!

Over $150 Million Worth of Equipment Financed!

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

Learn More About Loeb Term Solutions ›

Loeb Term Solutions Participates in the Funding of Over 40 Million Dollars in Equipment Financing

Loeb Term Solutions recently participated in funding over 40 million dollars of industrial assets with a term loan providing working capital to a Southern heavy civil construction company.

Headquartered in Texas, the client specializes in the building and reconstruction of transportation and water infrastructure projects. The working capital will be used by the client to restructure debt and includes a collateral pool over more than 2,300 pieces of various industrial construction equipment including cranes, foundation drilling rigs, concrete paving plants, excavators, graders, compactors, loaders, dozers, tele-handlers, backhoes, tractors, trailers, pickup trucks and heaters. 

Loeb Term Solutions worked with a team of lenders and provided $5,000,000 toward the final funding amount. 

"Working with other lenders to provide financing to a facility this large is something Loeb is doing more and more of," stated Jim Newman, Loeb Term Solutions' Managing Partner. "Whether we have brought other lenders into large fundings that we have originated or participated with lenders in a different capacity, it's always a pleasure to work with partners for the benefit of the clients' unique financial needs." 

Since 2010, Loeb Term Solutions has provided funding for industrial machinery within the food, pharmaceutical, chemical, cosmetic, metalworking, plastic, woodworking and other industries. 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 offering equipment term loans to the industrial marketplace. For more information on Loeb Term Solutions and its recently funded deals, visit: www.loebtermsolutions.com.

Loeb Term Solutions Provides a Term Loan on Equipment Valued at over $1.5 Million to a Southwestern Commercial Bakery

Loeb Term Solutions recently provided an equipment term loan to a southwestern commercial bakery specializing in sweet and savory frozen bakery products. The company is looking to restructure their current financing and expand their operations to meet increasing demand. Loeb Term Solutions provided a term loan on the equipment valued at over $1.5 Million. 

Since 2010, Loeb Term Solutions has provided funding on over $110 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.

Loeb Term Solutions Welcomes Eric Grozenski to the Team as a Business Development Officer

Loeb is pleased to announce the addition of Eric Grozenski to the Loeb Term Solutions team as its newest Business Development Officer. He joins Jim Newman, Managing Partner, and the rest of the team in focusing on expanding the financial arm's equipment-based lending portfolio.

"Eric's addition to the team comes at a time of considerable growth for the company," stated Jim Newman, Loeb Term Solutions Managing Partner. "In the past 18 months, Loeb Term Solutions experienced significant growth in our lending portfolio and we are expanding our team as well."

Since 2010, Loeb Term Solutions has provided funding on over $108 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. 

Eric will be based out of Loeb's Detroit, Michigan office and will be working with customers throughout Michigan, Ohio, and Indiana providing equipment based financial solutions.

Eric brings more than 5 years' experience with asset-based lending and factoring in the industrial marketplace. He holds a B.A. in finance from Ferris State University. 

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 Eric directly regarding financing or new business opportunities, he can be reached via email at ericg@loebtermsolutions.com or (773) 620-1858.

Loeb Term Solutions Finances Equipment Valued at Nearly $7.8 Million in February

The entire process – initial contact, letter of intent, site visit, due diligence, resolution of gating issues, documentation, and closing – has been one of the easiest interactions that I have had as a turnaround professional in almost 20 years.  – S. Williams, Managing Director

FEATURED FUNDING:

Customer: A South Central Oil Driling Manufacturer Financial Situation: The new owner of the company was in need of additional working capital order to complete the acquisition. Solution: Loeb Term Solutions provided a term loan on the equipment valued in excess of $1.9 Million

OTHER FUNDINGS INCLUDE:

$3.3 Mil. to a South Central Oilfield Support Company	$1.4 Mil. to a Southwest Technology Manufacturer	$650,000 Southwest Steel Fabrication Facility	$550,000 Midwest Plastics Manufacturer

Startups, fast growing, downsizing, bankruptcy, note purchases...We finance all types of businesses because we know asset values!

Over $105 Million Worth of Equipment Financed!

How can we help you close more deals?

If you are currently working with clients who may have upcoming financing needs, contact Jim Newman today at (773) 496-5720 or jimn@loebtermsolutions.com.

Learn More About Loeb Term Solutions ›

Loeb Term Solutions Finances Over $9 Million Dollars Worth of Industrial Equipment in January Providing Solutions for 3 Manufacturers

Equipment Valued in Excess of $6.8 Million to a South Central Textiles Factory

Equipment Valued in Excess of $1.7 Million to a Southeast Plastics Manufaturer

Equipment Valued in Excess of $550,000 to a Midwest Plastics Manufacturer

"I wanted to write to thank you personally for your heroic efforts and 'stick-to-it-iveness' in getting our deal done...This business is our life's work and you are an integral part of it now. You are way more than a lender to me--more like a real hard working and trusted friend. We thank you for what you are doing as a lender. We cherish you for what you are doing as a friend." - R. Davis, CEO

On the heels of a record funding year for Loeb Term Solutions, the Chicago-based lender has closed January by financing another $9,000,000 dollars worth of industrial machinery and equipment. The financing will help a global textile company open a new US facility and two plastics manufacturers expand their businesses during a time of growth.

“Our equipment term loans were initially conceived to help companies just like these three,” stated Jim Newman, Loeb Term Solutions’ Managing Partner. “With our extensive history in manufacturing equipment and our machinery knowledge, we are uniquely positioned to help companies needing to leverage working capital from their existing assets in order to expand their operations.”

Since 2010, Loeb Term Solutions has provided funding on over $97 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 Loeb Term Solutions and its recently funded deals, visit: www.loebtermsolutions.com.