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Loeb Expands Team with VP of Credit & Underwriting, Sales Representative

July 22, 2021, 07:21 AM

The equipment professionals at Loeb have been helping clients, brokers and partners since 1880. Whether a business is looking to buy, sell, rent, capitalize or liquidate its industrial equipment and machinery, Loeb has a winning solution. Loeb is known and valued for consistently delivering the best outcome for its clients. To help continue its success, Loeb is strengthening its team with the hiring of Paul Kordik as Vice President of Credit and Underwriting and Chris Macchione as part of its sales team.

Kordik is an industry leader in credit and underwriting for industrial manufacturing equipment and machinery.  He holds an MBA in Finance and MS in Accounting from Dominican University and a bachelor’s degree from DePaul University. Kordik is based in Loeb’s Chicago headquarters.

Macchione has more than 20 years of sales experience within the manufacturing industry. His focus has been within the food, pharmaceutical and contract manufacturing sectors. Dedication, drive and leadership are the qualities that attracted Loeb to bring Macchione on-board. Chris will assist in selling all services of the company at Loeb’s Chicago headquarters.

“All of us at Loeb are looking forward to Paul and Chris’ contributions to our team and organization. Their unique backgrounds in manufacturing will be an invaluable asset for building partner relationships,” said Howard Newman, ASA CEA, President, Loeb. “Chris is well suited to handle all of the deals we have coming in from all our clients; and Paul’s experience will help us improve and streamline our credit and underwriting processes.”

Loeb goes above and beyond for their clients, brokers and factoring partners, and “we are grateful for the opportunity to bring these successful professionals to the company, and we look forward to what lies ahead for our team and clients,” Newman added.

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