Chicago-based lender, Loeb Term Solutions, closed February by financing another $7,800,000 dollars worth of industrial machinery and equipment. The financing will help an oilfield support company, an oil drilling equipment supplier, a technology manufacturer, a steel fabrication facility, and a plastics manufacturer.

“With all of these fundings we’re helping the companies leverage working capital from their existing assets in order to expand 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 $105 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.