Over 6.5 Million Worth of Equipment Financed in September Solving 3 More Clients Needs

"Loeb Term Solutions came through with a quick and affordable financing option for us and the process was seamless from start to finish. We were very pleased with the quality of the service provided, the responsiveness, and the way the entire Loeb team conducts business. -- Kim, FL

Equipment Valued in Excess of $4.1 Million to a Midwestern Mfg. of Cast Aluminium Auto Components

Equipment Valued in Excess of $1.5 Million to a Southeastern Precision CNC Mfg. Facility

Equipment Valued in Excess of $750,000 to a Midwestern Precision CNC & MIG Welding Facility

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

7 Things You Need to Know About Equipment Based Lending

By Jim Newman Principal

Recently, I was approached to speak on a panel regarding lending on special assets. Time and time again, I was asked about Loeb Term Solutions' unique approach to the lending business based on our extensive history of buying, selling, appraising and auctioning industrial assets. Simply put, we live and breathe machinery! I thought, as obvious as it may seem to us at Loeb, it might prove helpful to our partners in the lending community to know the 7 Key Points we apply to our term loan process.

7 Things You Need to Know When Lending on Machinery:

1. Understand how fast the market can absorb the type of machinery being financed. Highly specialized equipment usually takes longer to liquidate than "standard" mainstream equipment. It is the job of the lender to understand this liquidation process and to make sure they are comfortable and that the projections are obtainable. Remember, the more comfortable the lender is, the more money the lender may choose to advance. 
2. Have a clear exit strategy. Have a clear understanding on how you will liquidate the machinery in the event of a default. The easier this process is, the easier it is for the lender to advance more money.
3. Be flexible with the original collateral pool. In the event of third party leases, you must be willing to allow a small amount of the equipment to continue with its lease. Especially if there is excess equity in the lease and that equity is not needed to structure your deal. However, you should make sure to file a blanket lien on all the equipment in the event of liquidation. The equity in the leased equipment should "captured" for the benefit of the lender and the borrower.
4. Always make sure you have a first position lien on the machinery. All the old liens must be cleaned up during the due diligence process in order to properly secure your investment.
5. Always file a blanket lien on all assets in order to protect the guarantor of the loan. This prioritizes that the business assets are used first to pay off the lender before any personal assets are needed. When the borrower is also borrowing from another lender on its A/R and/or inventory, the two lenders must have an intercreditor agreement in place to spell out their respective positions on the assets.
6. Prepare to be flexible during the term of the loan as the borrower's needs change. Lenders need to have a method to provide additional funding to borrowers who have kept current with their existing loan and need additional funds for additional equipment.   
7. Always trust your instincts! Lenders cannot document everything that is possible. We always depend on the integrity of the borrower as the relationship needs to be a win/win relationship. 

Loeb Term Solutions is always looking to assist Lenders with hard to finance assets...We finance all types of businesses because we know asset values!

How can we help you close more deals?

Loeb Term Solutions Welcomes Dave Wanders to Team as New Business Development Officer

Loeb is pleased to announce the addition of Dave Wanders 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.

"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.

Over 4.5 Million Worth of Equipment Financed to Solve 4 More Clients Needs

Recent Transactions Include:

$1.5 Million - M & E Term Loan to a Midwest Surface Coal Mining Operation...Read More ›
$1.1 Million - M & E Term Loan to a Midwest Printing Operation...Read More ›
$1.1 Million - M & E Term Loan to a Southwest Nutraceutical Manufacturer...Read More ›
$750,000 - M & E Term Loan to a Southeastern Protein Processor...Read More ›

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

How can we help you close more deals?

Customer: A Midwest Surface Coal Mining Operation Financial Situation: The customer was looking to bring existing vendors current and to expand their operations. Solution: Loeb Term Solutions was able to provide a term loan on the equipment valued in excess of $1.5 Million

Customer: A Midwest Web Offset Printing Operation Financial Situation: The customer was looking for additional liquidity during their corporate turnaround. Solution: Loeb Term Solutions was able to provide a term loan on the equipment valued in excess of $1.1 Million

Customer: A Southwest Nutraceutical Contract Manufacturer Financial Situation: The new parent company utilized the equipment financing to complete the acquisition of the company. Solution: Loeb Term Solutions was able to provide a term loan on the equipment valued in excess of $1.1 Million

Customer: A Southeastern Protein Processor Financial Situation: The customer was looking to restructure their existing debt and bring vendors current. Solution: Loeb Term Solutions was able to provide a term loan on the equipment valued in excess of $750,000

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.

Your partnership with Loeb has made our contribution to the Red Cross possible!

Happy Holidays and Happy New Year!

Your partnership with Loeb has made our contribution to the Red Cross possible!

During this Holiday season we wanted to take a moment and express our appreciation. In today's world you can't be successful without others and we wanted to take this time to thank you for your support of us and we hope that you feel we have been equally as supportive to you. For the last 5 years instead of giving out small trinkets as a sign of our appreciation, we have been making donations to worthy causes to help make our world a better place. This November, a massive storm system swept through the Midwest, leaving widespread destruction in its wake. Hundreds of thousands were affected by these storms including friends and family of Loeb employees. We wanted to help with the ongoing support of Southern Illinois this holiday season as they continue to recover and rebuild. By donating to the Red Cross, we are mobilizing relief workers and helping to stock shelters with greatly needed food and supplies.

We are grateful to you, our customers and partners, for your continued business and we hope you appreciate being a part of our support of the Red Cross and their efforts to bring assistance to those deeply affected by the storm.

We Wish You a Wonderful Holiday Season

& a Happy New Year!

Loeb Term Solutions Solves Four More Clients Financing Needs on Equipment Valued at Nearly 4 Million

$1.3 Million - M & E Term Loan to a Southern Cosmetics & Personal Care Products Manufacturer in need of additional working capital in order to launch a new product line…Read More ›

$1.2 Million - M & E Term Loan to a Southeast CNC Metalworking Fabrication Shop in need of capital to fulfill newly acquired defense contracts...Read More ›

$500,000 - M & E Term Loan to a Northeast Full Service
Marina/Dock Facility looking to expand their operations...Read More ›

$500,000 - M & E Purchase Leaseback to a Midwest Manufacturer of Drive-train, Steering Components looking to expand their operations...Read More ›

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

How can we help you close more deals?

Customer: A Southern Cosmetics Manufacturer Financial Situation: The client was in need of additional working capital in order to launch their new product line for 3 new high volume customers Solution: Loeb Term Solutions provided a term loan on the equipment valued in excess of $1.3 million

Customer: A Southeast CNC metalworking operation Financial Situation: The client needed capital to purchase material to fulfill a new defense contract Solution: Loeb Term Solutions provided a term loan on the equipment valued in excess of $1.2 Million

Customer: A Northeast full-service marina & dock facility Financial Situation: The customer was was looking to expand their operations Solution: Loeb Term Solutions worked with the client to pay off their existing debt while funding a term loan on their equipment valued in excess of $500,000.

Customer: A Midwest manufacturer of drive-train, steering components and assemblies for heavy equipment Financial Situation: The customer was expanding their production line and needed to purchase additional assets Solution: Loeb Term Solutions was able to provide a purchase leaseback on the equipment valued in excess of $500,000

Loeb Term Solutions Funds 3 New Deals on Equipment Valued at Over 3.3 Million

"...The responsiveness and thoroughness of the entire Loeb Term Solutions team throughout this process was outstanding and ranks among the best I have encountered..." -- Erv, PA

When approached by a customer with a very time sensitive need for additional liquidity, Loeb Term Solutions was able to deliver! From the day Loeb got the initial call to the actual funding, took just 29 days.

Loeb Term Solutions Recently Closed the Following Deals:

Customer: Michigan Leading aluminum die-casting company located Financial Situation: This client was in need of additional working capital during a period of growth. Solution: Loeb Term Solutions worked closely with the client to structure new fuding that provided additional capital while consolidating previous funding. Loeb Term Solutions provided a term loan on the equipment valued in excess of $1.5 million.

Customer: Pennsylvania Manufacturer of Reciprocating Compressors Financial Situation: Loeb Term Solutions was contacted by the client who had a very time sensitive need for additional liquidity. Solution: Loeb Term Solutions provided funding that went toward bringing the client back in covenance with the AR lender as well as providing additional working capital. The equipment was valued in excess of $1 Million.

Customer: Wisconsin Custom Metal Fabrication & Machining Shop Financial Situation: Customer needed additional working capital in order to restructure their debt. Solution: Loeb Term Solutions worked with the customer's AR lender to provide an equipment term loan on the equipment valued in excess of $800,000.