Loeb announced the addition of Joseph Upson to the team as the Southeast Region Business Development Officer. He joins the rest of the Loeb team in focusing on expanding the company’s equipment-based lending portfolio, appraisal services, off-lease remarketing services, and auction services.
“It is a pleasure to bring a seasoned veteran in our field onto our team,” stated Jim Newman, Loeb Term Solutions Managing Partner. “Having known Joe in the industry for many years, we’re excited for him to add him to our team.”
Joseph Upson brings over 26 years’ experience in the corporate leasing and financing industry to Loeb. Joe will be working in business development for the company focusing on promoting the financial services of the company, namely the asset-based lending products offered by Loeb Term Solutions. He was a co-founder and Principal in CompanionWay Capital, a senior secured lender focused on the middle market sector, as well as Commenda Capital, a broker dealer focused on advisory work for small to middle sized companies. Additionally, Joe’s diverse financial background includes strategic positions with Textron Financial, GMAC Financial, Transamerica Financial, SunTrust Bank of Atlanta, Bank of Boston and DeNovo Capital, LLC; a financial advisory and syndication firm which he founded in 2002.
He is a graduate of the University of Georgia with a Bachelor of Business Administration in Finance and is active with the Turnaround Management Association, the Commercial Finance Association and the Association for Corporate Growth.
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 term loans on machinery and equipment with funding amounts ranging from $300,000 to $20,000,000.
Joe is based out of Atlanta, Georgia and will be working with lead sources in the Southeastern states providing equipment based financial solutions.
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.