Loeb Term Solutions (LTS) announced it recently funded $8.00 million to a West Coast metalworking company specializing in aerospace components. LTS said 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 UK, 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 LTS’ portfolio this month with the other funding totaling just over $12.0 million. Since 2010, LTS has provided funding on over $40 million dollars’ worth of industrial machinery within the food, pharmaceutical, chemical, cosmetic, metalworking, and woodworking industries.