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Loeb Provides $6.8MM in Term Loans to Help Four Companies with Working Capital Needs

January 27, 2023, 07:15 AM
Filed Under: Equipment Finance News

Loeb continues its long history of supporting companies in transitional financial states with $6.8 million in machinery and equipment loans in the fourth quarter of 2022. These loans will help the four businesses continue to operate smoothly by extracting working capital from their existing M&E.

Due to the team's hard work, Loeb was able to provide flexible terms and close quickly so that the companies could get back to business as usual. Loeb is committed to helping businesses of all sizes achieve their goals and looks forward to seeing great things from these companies in the future.

Loan Details:

  • $3 million to a hauling company to support its existing fleet,
  • $1.6 million for a foreign client to purchase a winery,
  • $1.2 million to a synthetic fish protein manufacturer to scale from lab to production, and
  • $1 million to a commodity recycler to help survive the commodity cycle.

"In the 4th quarter of 2022, we saw strong growth in our M&E term loan facility," said Loeb President Howard Newman. "What was remarkable is that we were able to help companies in such differing transitional situations. The current economic environment is challenging companies in ways we haven't seen in a while, and we stand ready to provide security through working capital as we've always done."

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