Loeb Stitches a Brighter Future for a Textile Company Client With a $3mm Term Loan

January 23, 2025 - A leading diversified textile company in North Carolina has successfully secured a $3 million machinery and equipment term loan from Loeb to address a critical shortfall in working capital. This strategic move enhances the company's financial stability and supports its continued growth.

Facing the challenge of restructuring their balance sheet, the textile company turned to Loeb for their expertise and dedication. The investment banker assisting the client brought in Loeb to bridge the funding gap using machinery and equipment as collateral. Loeb’s swift and strategic actions were key to achieving the financial restructuring.

With Loeb's help, the textile company successfully secured the $3 million machinery and equipment term loan, using only their equipment as collateral. This not only simplified their financial management but also positioned them for future growth. Loeb's tenacity and commitment to providing flexible and effective solutions ensured that the loan structure was optimal for the company's unique situation.

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