Loeb financed $9 million of industrial machinery and equipment for six additional companies. The financing is helping companies in the recycling, woodworking, special assets, metalworking and transportation industries expand their businesses to meet the demands of their respective industries. Each one of these deals has an A/R lender in place.

“Loeb’s expertise in all facets of industrial machinery uniquely positions us to lend on assets that otherwise get overlooked by traditional lending sources,” Howard Newman, principal at Loeb, said. “Our equipment financing solutions are the key to companies looking to unlock working capital from existing assets in order to expand their operations.”

Loeb has provided financial solutions to the industrial marketplace for more than 25 years, funding more than $240 million dollars of industrial machinery. The company’s asset-based lending division offers specialty financing for the industrial marketplace, with funding amounts ranging from $1 million to $20 million.