Chicago­-based lender, Loeb Term Solutions (LTS), closed out June by financing more than $8.5 million worth of industrial machinery and equipment for three manufactures.

Loeb said the financing is helping a southwest precious metal mining operation, a southeast sod manufacturer and a sustainable packaging manufacturer expand their businesses in order to meet the demands of their industries.

“LTS’ expertise in all facets of industrial equipment makes us uniquely positioned to quickly and efficiently lend on machinery that traditional lenders often choose not to finance,” stated Jim Newman, Loeb Term Solutions’ managing partner. “Our equipment term loan product is the perfect solution for companies looking to leverage working capital from existing assets in order to expand their operations. They are less expensive and easier to pay off early compared to sale leaseback products.”