Loeb Funds a $750k Term Loan for a Construction Woodworking Company

March 12, 2025 - A determined woodworking construction client has successfully secured a crucial loan with the help of Loeb and their industry partners. This strategic move enabled the client to buy out their partner and transition away from their current bank, positioning their business for future growth and stability.

Facing the challenge of a complex financial restructuring, the client turned to Loeb for their expertise and dedication. An asset-based lending partner, interested in the client's accounts receivable and inventory, brought the opportunity to Loeb when more working capital was needed, using the equity in the client's machinery and equipment.

Loeb's partner brought multiple lenders to the table, allowing for effective negotiation of terms and lien positions. Despite many challenges, including securing a landlord access agreement, Loeb's strong relationship with their lending partner was invaluable.

Through combined efforts and a long and challenging process, the client successfully secured their loan. This financial support positioned their business for future growth and stability. The swift and flexible solution provided by Loeb, in collaboration with their industry partners, was key to achieving this outcome.

About Loeb

Since 1880, Loeb has been helping manufacturers and financial institutions use their industrial assets by managing the equipment lifecycle. Loeb monetizes industrial assets through acquisitions, sales, valuations, and financing. Visit us at https://www.loebequipment.com