Loeb Term Solutions announced a partnership with SQN Latina, a Mexico city-based industrial asset-lender focused on small and medium enterprises. The partnership between the two companies will give Loeb the ability to offer equipment financing in Mexico.
“We have received many requests from U.S. manufacturers that have facilities in Mexico that would like to leverage that equipment. Until now there has not been a seamlessly integrated way to do this in U.S. currency,” said John Hagist, CFO of Loeb. “We’re thrilled with this new partnership and the opportunities that it will bring to our clients, both state-side and based in Mexico.”
Domestic companies wanting to leverage their assets in Mexico, but borrow and pay in U.S. dollars, now have options to secure financing. The deals, ranging between $500,000 and $4.0 million, are structured as 60-month term leases with a small residual.
SQN Latina was founded by Tanir Helayel and Eduardo Mendoza, veterans in asset-based lending with more than 30 years in industrial financing.
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