Chicago-based lender Loeb Term Solutions financed $10 million worth of industrial machinery and equipment helping three more companies. The financing is helping companies in specialty freight & logistics, energy services and contract manufacturing to expand their businesses to meet the demands of their respective industries.

“Loeb’s expertise in all facets of industrial machinery uniquely positions us to lend on assets that otherwise get overlooked by traditional lending sources,” said Andy King, Executive Vice President, Originations. “Our equipment financing solutions are the key to companies looking to unlock working capital from existing assets in order to expand their operations.”

Loeb Term Solutions has provided financing solutions to the industrial marketplace for over 20 years, funding on over $240 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 million.