Loeb announced 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 million.

Grozenski 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.

Grozenski brings more than five 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.