Chicago-based lender, Loeb Term Solutions financed $6,900,000 worth of industrial machinery and equipment helping 5 more companies. The financing is helping companies in Metalworking, Woodworking, Agriculture & Contract Manufacturing, to expand their businesses in order to meet the demands of their respective industries.

Since 2010, Loeb Term Solutions has provided funding on over $213 million 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. 

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, certified market appraisals, auction services and equipment term loan financing.