Loeb is pleased to announce the addition of Dave Wanders 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.
“Dave’s addition to the team comes at a time of growth for the company,” stated Jim Newman, Loeb Term Solutions’ Managing Partner. “In just three short years we’ve grown a considerable portfolio of equipment-based deals funded with significant growth potential in 2014.”
Since 2010, Loeb Term Solutions has provided funding on over $40 million dollars’ worth of industrial machinery within the food, pharmaceutical, chemical, cosmetic, metalworking, and woodworking industries. The company’s asset-based lending division offers specialty financing for the industrial marketplace with funding amounts ranging from $300,000 to $5,000,000.
“Having previously worked with Dave in the industry, we knew someone with his experience, integrity, and knowledge would be a huge asset to our team,” stated Howard Newman, President of Loeb.
Dave is an industry veteran with over 30 years of corporate and commercial finance experience largely in the asset based industry. Most of his career has been spent in business development focusing on sales and general management for such companies as: Goldman Sachs, GE Capital, First National Bank of Chicago, Transamerica Business Credit, Stearns Financial Services, and Gibraltar Business Capital.
He holds a B.A. from Yale University and M.M. from Northwestern University’s Kellogg School of Management and is a member of the Turnaround Management Association, the Association for Corporate Growth, the Alliance of Merger & Acquisition Advisors and the Midwest Business Brokers & Intermediaries.
Loeb Term Solutions is an affiliate of Loeb offering equipment term loans and purchase leasebacks to the industrial marketplace. For more information on Loeb Term Solutions and its recently funded deals, visit: www.loebtermsolutions.com.