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Loeb Funds $12MM in Term Loans in Q3 to Help Three Companies Shore Up Working Capital Needs

November 06, 2023, 07:00 AM
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Loeb's clients continue to prosper thanks to its commitment to support companies in transitional financial states. In Q3 of 2023 alone, Loeb funded more than $12 Million in machinery and equipment term loans. By extracting working capital from their existing M&E, these three businesses will continue to operate without missing a beat.

Loeb's team worked hard to provide hassle-free financing with flexible terms and quick closings. The team is committed to helping businesses of all sizes achieve their goals and looks forward to what the future will bring for these companies.

Loan Details:

  • $6 Million to a Metalworking company to expand their business
  • $3.6 Million to a Waste Transportation company to invest in growth
  • $2.5 Million to a company to refinance an existing loan and extract working capital

"Q3 of 2023 saw growing demand for alternative, covenant-free funding that we are readily able to provide," said Loeb's President Howard Newman. "In this economic cycle, we've seen, firsthand, banks tightening their lending standards, making it more important than ever for alternative lenders like Loeb to stand ready to provide financing."

For more equipment finance and equipment leasing industry news, visit Equipment Finance Advisor.

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