Chicago-based lender, Loeb Term Solutions, closed out June by financing over $8.5 million dollars worth of industrial machinery and equipment. The financing is helping a southwest precious metal mining operation, a southeast sod manufacturer, and a sustainable packaging manufacturer, expand their businesses in order to meet the demands of their industries.

“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,” stated Jim Newman, Loeb Term Solutions’ Managing Partner. “Our equipment term loan product is the perfect solution for companies looking to leverage working capital from existing assets in order to expand their operations. They are less expensive and easier to pay off early compared to Sale Leaseback products.”

Since 2010, Loeb Term Solutions has provided funding on over $190 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 million.

Loeb Term Solutions is an affiliate of Loeb, a fifth generation provider of reliable equipment and related services to the industrial marketplace.

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.