Loeb Provides a $1.2 million Term Loan for a Woodworking Company

February 13, 2025 - A well-established woodworking company in Minnesota acquired a smaller competitor with the help of a $1.2 million term loan from Loeb. This acquisition embodies the importance of collaboration and adaptability in financial transactions.

The client needed to extract working capital from the acquired company's machinery and equipment, requiring a $1.2 million term loan. Fluctuating loan closing dates and the need to collaborate with other lenders added complexity.

Loeb's deep industry understanding and flexibility allowed them to accommodate shifting loan closing dates and work with other lenders to structure a simple and easy loan. With Loeb's support, the client secured the $1.2 million term loan, facilitating the acquisition and positioning them for continued growth.

For more information about the loan process and how Loeb can support your or your client’s growth and stability, reach out.

About Loeb

Since 1880, Loeb has been helping manufacturers and financial institutions leverage 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.