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Loeb Grows Machinery and Equipment Lifecycle Business with Three Hires

February 10, 2022, 07:14 AM

Loeb, an industry provider in the lifecycle management of industrial manufacturing equipment and machinery, continues to fortify its team to better assist its clients, customer, and referral partners with the hiring of Scot Lund as Senior Vice President, Chad Doucette as Asset Evaluator and Barry Orlov as Loan Specialist.

Lund has deep experience in finance, business restructuring, crisis management, team building, coaching and high-growth management. He recently created the small-ticket leasing division of Crestmark Bank that grew to over $400 million in assets in just three and a half years. He is active in the ELFA, AACFB, CFA and TMA. Past awards and leadership include President at the Turnaround Management Association, Crain's 40 under 40, and a nomination for Entrepreneur of the Year by Ernst and Young. His experience uniquely positions him to help companies effectively obtain the funding they need by considering their specific needs.

Doucette is an accredited member of the American Society of Appraisers, a Certified Equipment Appraiser with the Association of Machinery and Equipment Appraisers and is USPAP-certified. His strong background, which includes more than five years in equipment appraisals and valuation, integrates snugly with Loeb's wide range of services. He has completed appraisals in a wide variety of industries across the U.S., Canada, Mexico and Puerto Rico.

Orlov brings more than eight years of finance and management experience with him to Loeb. His ability to maintain strong relationships and forge partnerships between stakeholders, clients and customers has been key in his career success. In his role as Loan Specialist at Loeb, he handles servicing of the asset-based lending portfolio and introducing efficiencies into the servicing process to give Loeb a competitive advantage.

"Scot, Chad and Barry are welcome additions to our amazing team at Loeb," said Loeb President Howard Newman. "All three of them bring uniquely seasoned expertise and deep understanding of how all aspects of the equipment lifecycle should be managed. They have acute understanding of how to both keep our clients, customers and referral partners satisfied and to spare no detail in projects done with Loeb. They all recognize that when we finalize a deal, it's more than just a contract or valuation. It's the beginning of an ongoing relationship based on trust, knowledge and the options that we provide."

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