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Loeb Launches Line of Credit Option Based on Clients’ Equipment Values

December 04, 2020, 07:10 AM
Filed Under: Industry News
Related: Howard Newman, Loeb

The equipment professionals at Loeb have been creating winning solutions since 1880. Loeb has added another innovative solution to its portfolio of financial services. Loeb’s Line of Credit option now allows clients to leverage the value of their machinery as collateral to gain financial flexibility while not being burden with P&I payments for working capital.

This is a great development for clients who might not need to access to the equipment right away or only need it on a seasonal basis. This is an excellent option for clients who want assurance that they have access to their equity for future use in Debtor-In-Possession (DIP), Mergers & Acquisitions, and General Working Capital situations.

“It’s really a wonderful partnership we have with our clients and we’re pleased that they feel comfortable talking to us about their financial hurdles. We have an amazing staff that has the ability to solve our clients’ issues and that they have come up with this incredible new offering for all of our current and future clients,” said Loeb President Howard Newman.

 “Loeb’s core competency is that we really understand the equipment marketplace,” added Newman, “And it really helps with that whole ‘lifecycle management’ from buying, selling and renting individual machines when a company is helping companies with their appraisals when they want to leverage that equipment...helping them sell machinery if they’re replacing those assets...helping them with financing if they’re struggling...and if they’re going out of business, it gives us the opportunity to help them liquidate those assets.”

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