Chicago-based lender, Loeb Term Solutions, closed January by financing over $6,800,000 dollars’ worth of industrial machinery and equipment. The financing is helping a coal mining operation, a southeast plastics manufacturer, and an oilfield construction firm expand their businesses in order to meet the demands of their industries.

“Our equipment term loans are the perfect solution for companies looking to leverage working capital from existing assets in order to expand their 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 $180 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.