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Loeb Term Solutions Funds $8MM Equipment Loan to Aerospace Metalworking Firm

November 20, 2014, 07:03 AM

Loeb Term Solutions recently funded $8 million to a West Coast metalworking facility specializing in aerospace components.

The term loan provided the working capital necessary to restructure the firm and reassume a majority holding of stock in the firm.  Headquartered in the U.S., but with global capabilities in Mexico and the United Kingdom, the client is a leading manufacturer of high-precision, close tolerance, large-scale, flight critical components and tooling for the commercial aerospace, defense, space and industrial markets.

“Fundings of this size require a real team effort. We really enjoy working with the borrower, the business broker, and all the professionals involved in a funding like this one,” stated Jim Newman, Loeb Term Solutions’ Managing Partner.  “It is gratifying to be able to help a borrower accomplish something like this.”

This finance deal represents one of two large additions to Loeb Term Solutions’ portfolio this month with the other funding totaling just over $12 million.  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 $20,000,000.

Loeb Term Solutions is an affiliate of Loeb offering equipment term loans and purchase leasebacks to the industrial marketplace. 

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