Loeb Term Solutions Funds 8 Million Dollars in Equipment Financing to a West Coast Aerospace Metalworking Firm
Chicago, IL (PRWEB) November 20, 2014 -- Loeb Term Solutions recently funded 8 million dollars to a West Coast metalworking facility specializing in aerospace components.
The term loan provided the working capital necessary to restructure the firm and reassume a majority holding of stock in the firm. Headquartered in the US, but with global capabilities in Mexico and the United Kingdom, the client is a leading manufacturer of high-precision, close tolerance, large-scale, flight critical components and tooling for the commercial aerospace, defense, space and industrial markets.
“Fundings of this size require a real team effort. We really enjoy working with the borrower, the business broker, and all the professionals involved in a funding like this one,” stated Jim Newman, Loeb Term Solutions’ Managing Partner. “It is gratifying to be able to help a borrower accomplish something like this.”
This finance deal represents one of two large additions to Loeb Term Solutions’ portfolio this month with the other funding totaling just over 12 million dollars. 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 $20,000,000.
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: http://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: http://www.loebequipment.com.
Sara Bogin, Loeb Term Solutions, http://www.loebtermsolutions.com, +1 (773) 496-5707, [email protected]
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