Loeb Provides a Metal Processing Company with $1.2M in Equipment Financing

As a Midwest-based metallurgic and heat processing company with locations in Wisconsin and Illinois looked to turn around its business, Loeb stepped in with the flexibility and speed needed to help them unlock the necessary capital with an asset-based loan.

The metal processing company had previously tried to secure financing through Loeb, but an outstanding line of credit with another lender created a roadblock to loan approval. After selling one location and some equipment to pay off the line, the company was able to move forward with obtaining financing from Loeb.

With equipment appraisal already underway and much of the underwriting already completed during earlier discussions, Loeb was able to quickly process the remaining pieces and secure $1.2M in funding for the company in just a matter of weeks.

Loeb’s expertise in asset-based lending solutions helped the metal processing company unlock the liquidity tied up in its equipment and continue to focus on its operational turnaround.

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 financing, valuations, auctions, acquisitions, and sales. For more information, visit https://www.loebequipment.com