Loeb Introduces New Line of Credit Option Based on Clients’ Equipment Values
DEC 4, 2020 - 7:16 am
Loeb added a line of credit solution into its portfolio of financial services. This option allows clients to leverage the value of their machinery as collateral to gain financial flexibility while not being burdened with P&I payments for working capital.
This is a development for clients who might not need to access equipment right away or only need it on a seasonal basis. This is also an option for clients who want assurance that they have access to their equity for future use in debtor-in-possession, mergers and acquisitions, and general working capital situations.
“It’s really a wonderful partnership we have with our clients, and we’re pleased that they feel comfortable talking to us about their financial hurdles,” Howard Newman, president of Loeb, said. “Loeb’s core competency is that we really understand the equipment marketplace and it really helps with that whole ‘lifecycle management’ from buying, selling and renting individual machines.”
Loeb is a provider of equipment and related services that help manufacturing and financial companies leverage their industrial assets.
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