Thursday, January 5, 2017

LTS Finances Over $6.9 Million Dollars' Worth of Equipment in December

LTS Finances Over $6.9 Million Dollars' Worth of Equipment in December: Loeb Term Solutions, closed out the year by financing another $6,900,000 dollars’ worth of industrial machinery and equipment in December. The financing supports a precision die casting company, a metal fabrication facility, an aluminum extrusion facility, and a heavy construction company, helping to expand their businesses in order to meet the demands of their respective industries...

Wednesday, November 2, 2016

Loeb Welcomes Andy King to the Team as Executive Vice President, Originations

Loeb Welcomes Andy King to the Team as Executive Vice President, Originations...: Loeb is pleased to announce the addition of Andy King to the team as the Executive Vice President, Originations. He joins the organization focusing on expanding the company's equipment-based lending portfolio, as well as, appraisal, auction, and off-lease remarketing services...

Thursday, September 29, 2016

The 4 Most Important Points in Understanding Your Options in Equipment Financing

Equipment Term Loans vs. Purchase Leasebacks: The 4 Most Important Points in Understanding Your Options in Equipment Financing: There are many financing options in the industrial marketplace and it's important to get a clear understanding of some of the benefits to financing equipment through equipment term loans versus a purchase leaseback. Understanding the differences in costs and legal structure between these two financing options is paramount...

Wednesday, September 7, 2016

Loeb Term Solutions Announces the Graduation to a Traditional Commercial Bank Loan of a Midwest Metalworking Borrower

Loeb Term Solutions Announces the Graduation to a Traditional Commercial Bank Loan of a Midwest Metalworking Borrower: Loeb Term Solutions is pleased to announce the graduation of a Midwest metalworking facility after having provided an equipment term loan back in 2014. The company, a manufacturer of compressor housings and custom components for turbochargers, emission systems, valves and transmissions, sought equipment financing to leverage working capital in order to purchase the company after the owner passed away suddenly...

Friday, August 12, 2016

Loeb Term Solutions Invests in SQN Latina to Provide Equipment Financing in Mexico

Loeb Term Solutions Invests in SQN Latina to Provide Equipment Financing in Mexico...: The Partnership is Focused on Providing Equipment Financing in Mexico with Fundings up to $4,000,000 per Deal. Loeb Term Solutions announces its recent partnership in SQN Latina, a Mexico city-based industrial asset lender focused on small and medium enterprises. The partnership between the two companies is breaking barriers in the manufacturing, construction and transportation industries by its ability to offer equipment financing in Mexico....

Friday, July 8, 2016

Loeb Term Solutions Finances Over $8.5 Million Dollars' Worth of Industrial Equipment in June Providing Solutions for 3 More Manufacturers

Loeb Term Solutions Finances Over $8.5 Million Dollars' Worth of Industrial Equipment in June Providing Solutions for 3 More Manufacturers: Chicago-based lender, Loeb Term Solutions, closed out June by financing over $8,500,000 dollars' worth of industrial machinery and equipment. The financing is helping a southwest precious metal mining operation, a southeast sod manufacturer, and a sustainable packaging manufacturer, expand their businesses in order to meet the demands of their industries....

Tuesday, June 28, 2016

Asset Based Lending in Volatile Industries

Asset Based Lending in Volatile Industries: As with any asset-based financing, lending on the machinery requires a pre-planned exit strategy. Volatility in any industry could result in a liquidation of the company and its assets, but it's important for our finance partners and clients to understand that the assets we are lending on potentially have different values depending on the industry utilizing them...

Thursday, June 16, 2016

Why the Accuracy of the Asset List is Paramount to the Overall Valuation

Why the Accuracy of the Asset List is Paramount to the Overall Valuation: Loeb takes a proactive approach to ensuring the assets reported in our valuations are correct and that the list is complete. An integral step in this approach is our Asset Verification Process. Upon completion of the field inspection, Loeb issues an asset verification list back to the facility with two primary questions in mind...

Thursday, June 9, 2016

Thursday, June 2, 2016

Loeb Term Solutions: Loeb Welcomes Joseph Upson to the Team as Southeas...

Loeb Welcomes Joseph Upson to the Team as Southeast Region Business Development Officer...: Loeb is pleased to announce the addition of Joseph Upson to the team as the Southeast Region Business Development Officer. He joins the rest of the Loeb team in focusing on expanding the company’s equipment-based lending portfolio, appraisal services, off-lease remarketing services, and auction services....

Thursday, May 12, 2016

Assets of Balmoral Racing Club, Inc. and Maywood Park Sold Through Bankruptcy Sale

Assets of Balmoral Racing Club, Inc. and Maywood Park Sold Through Bankruptcy Sale: Loeb Winternitz Industrial Auctioneers and Yellen Partners announce the completion of the Maywood Park personal property auction, and the Court approval for the sale in its entirety of the Balmoral Racing Club real estate and personal property assets after a decision by the Bankruptcy Court, Northern District of IL...

Wednesday, April 20, 2016

LTS Funds Over $8.6 Million Dollars' Worth of Equipment

LTS Funds Over $8.6 Million Dollars' Worth of Equipment...: Yet Another Satisfied Customer: "Rob and I want to thank you and you team for the great job you did to get the closing funded. Without your steady and rational approach I doubt the financing would ever have closed...

Friday, April 15, 2016

Loeb Makes Their Small Screen Debut on Chicago Fire

Equipment from Loeb was recently featured on an episode on Chicago Fire!

For the episode "On the Warpath", a fire breaks out in a local brew pub and the set crew for the show came to Loeb for tanks and other equipment.


"I work as a Buyer for a television show in Chicago. We often have very demanding (short) schedules and have to pull many rabbits out of a bag in order to get things done.

We were creating a Distillery for an upcoming scene and I needed to get my hands on a tank that fitted the bill. After many swings and misses from other sources (too expensive, could only buy, shipping too long/costly, etc.), I came upon Loeb's website. The Loeb website is very easy to use/navigate, tremendous descriptions and pictures which helped guide my decision-making, pricing, etc.

But even better was the service! Andy and Brian are top-notch, and helped guide me through every step of the process and answer any questions along the way. They were sensitive to our schedule, budget, and limitations (helped us load the equipment, etc.). Their follow-through/up was amazing, and the entire experience was a winner for us.

I HIGHLY recommend Loeb Equipment for any heavy equipment needs. It's a virtual one-stop shop with excellent customer service/attention and they are super easy to work with." - Tom Glynn, Open 4 Business/Buyer for Chicago Fire

Wild Pea Hummous Facility Closure Online Only Auction

Wild Pea Hummous Facility Closure Online Only Auction...: Most New in 2015-2013 - Incredible Cup Filling & Dip Manufacturing Equipment...

Wednesday, April 6, 2016

Asset from Balmoral Racing Club, Inc. and Maywood Park Trotting Association, Inc. to be Sold at Auction

Asset from Balmoral Racing Club, Inc. and Maywood Park Trotting Association, Inc. to be Sold at Auction...: Loeb Winternitz Industrial Auctioneers and Yellen Partners to Conduct a Two Day, Online Only Auction April 27 and April 28. Loeb Winternitz Industrial Auctioneers and Yellen Partners announced this week that they will be conducting a two day auction to liquidate the assets from Balmoral Racing Club, Inc. and Maywood Park Trotting Association, Inc. The auction will take place online April 27 and 28....

Wednesday, March 16, 2016

Valuation Expertise: Going Beyond Just the Written Report

Valuation Expertise: Going Beyond Just the Written Report...: A typical appraisal is a snapshot of a specific group of assets with an opinion of value rendered as of a specific date. However, the standard appraisal report does not capture all of the additional valuation work that is performed by the appraisal firm. Behind the scenes, there are often a number of additional scenarios discussed with the client...

Monday, February 29, 2016

Thursday, February 18, 2016

LTS Provides Financing on Over $7.4 Million Dollars’ Worth of Industrial Equipment

Loeb Term Solutions Provides Financing on Over $7.4 Million Dollars’ Worth of Industrial Equipment: Loeb Term Solutions provided financing of over $7,400,000 dollars’ worth of equipment to a Southeast metalworking facility which has experienced substantial growth over the past 8 years. The financing is helping the facility, which specializes in steel and aluminum mounting products for the solar industry, restructure their debt and refinance the existing leases on their machinery...

Monday, January 18, 2016

Butcher, Bakery, Restaurant & Retail Grocery Concept - Cosmopolitan Marketplace Online Only Auction - Lots begin closing online 3/3


Butcher, Bakery, Restaurant & Retail Grocery Concept - Cosmopolitan Marketplace Online Only Auction - Lots begin closing online 3/3...: Chicken, Meat, & Fish Processing & Packaging Lines New in 2014 & 2013!! Retail l & Restaurant Equipment, Furniture & Fixtures - Everything Purchased in 2013 & 2014 & Only Recently Installed!!...

Friday, January 15, 2016

Industry News: Scrap Metal Firms are Getting Hammered


Industry News: Scrap Metal Firms are Getting Hammered: Andrew Jacobson is paying his suppliers a lot less these days. And that's not a good thing. One of the owners of All Metal Recycling in Franklin Park, Jacobson buys scrap steel for $50 per ton, down more than 70 percent from a year ago. ...

Thursday, January 7, 2016

Stern Corporation Online Only Auction - Lots begin closing online 2/10

Stern Corporation Online Only Auction - Lots begin closing online 2/10...: chinery and Equipment No Longer Needed in its Continuing Operations, Featuring: HVAC Fabricating Machinery & Equipment, Machine Tools, Inventory, Plant Support and Vehicles...

Tuesday, January 5, 2016

Online Only Auction of Assets from Pacal Industries, LLC - Lots begin closing online 2/3 & 2/4

Online Only Auction of Assets from Pacal Industries, LLC - Lots begin closing online 2/3 & 2/4...: Large 2-Day Auction of Structural Steel Manufacturer, Featuring: Fabricating, Welding, Bending, Cutting, Machine Tools, Inventory and Material Handling Machinery – Equipment As New As 2014!!!...

Thursday, December 17, 2015

Loeb Term Solutions: Bridging the Gap to Traditional Lending

Loeb Term Solutions: Bridging the Gap to Traditional Lending: For many of the clients that come to Loeb Term Solutions for financing, their companies are distressed or in turnaround and they fall outside of the covenants of traditional lenders. However, this doesn't necessarily mean that the company will never be able to qualify with a traditional lender in the future. In fact, Loeb Term Solutions has been the right move at the right time to bridge the gap in financing for a number of companies, who have been able to exit our financing in 24-36 months...

Friday, December 4, 2015

Real Asset Knowledge Trumps a Typical Report

Real Asset Knowledge Trumps a Typical Report: Are you sure your last appraisal was accurate? Banks hire appraisal firms because they want an opinion of value. Why? The majority of banks in today's banking climate, even when they identify themselves as an asset based lending group, they are, in fact, effectively cash flow lenders. The assets, as collateral, are important, but the focus of the lender is on the borrower's ability to service their debt and not necessarily on the actual value of the underlying collateral...

Wednesday, September 30, 2015

Liens: The Sleeping Giant Jeopardizing Turnaround Financing

Liens: The Sleeping Giant Jeopardizing Turnaround Financing: Liens, in and of themselves, are neither bad nor good; they just are. When a company needs financing or refinancing, the new lender will always run a lien search and find exactly what liens are currently encumbering the company assets...

Thursday, September 17, 2015

Preservation of Value vs. Value Enhancement: What does money spent mean to value?

Preservation of Value vs. Value Enhancement: What does money spent mean to value? Fixed asset registers are an interesting list. Every time a business makes a purchase, the decision needs to be made if the purchase is being capitalized and subsequently added to the fixed asset register, or if the purchase is expensed, thereby having an effect on the P&L of the business. The Sarbanes-Oxley act (particularly sections 302 and 404) added to each businesses decision making process...

Friday, September 11, 2015

Wednesday, July 29, 2015

Loeb Expands Operations in the Midwest and Opens an Office Outside of Detroit

Loeb Expands Operations in the Midwest and Opens an Office Outside of Detroit: Loeb recently expanded its operations within the Midwest when it opened its Detroit office earlier this month. The office will house a team focused on used machinery and equipment sales as well as business development for related services such as term loan financing, appraisals, and auction services...

Friday, July 24, 2015

LTS Funds Over $4.2 Million Dollars' Worth of Equipment This Month

LTS Funds Over $4.2 Million Dollars' Worth of Equipment This Month: Loeb Term Solutions recently partnered to fund a term loan on equipment valued at over $3.7 Million and spearheaded another term loan on equipment valued at over $600,000...

Monday, June 29, 2015

Deals Flow in Both Directions - LTS Wants to Participate in Deals with You!

Deals Flow in Both Directions - LTS Wants to Participate in Deals with You!: Loeb Term Solutions recently participated in funding a 40 million dollar equipment term loan providing working capital to a Southern heavy civil construction company. This opportunity was brought to us by a lender that we brought into a previous opportunity we had that we wanted to share....

Friday, June 19, 2015

Loeb Term Solutions Participates in the Funding of Over 40 Million Dollars in Equipment Financing

Loeb Term Solutions Participates in the Funding of Over 40 Million Dollars in Equipment Financing: Loeb Term Solutions recently participated in funding over 40 million dollars of industrial assets with a term loan providing working capital to a Southern heavy civil construction company...

Wednesday, May 27, 2015

Loeb Appraisal: Idle, Seasonal, or Truly Surplus: Equipment Bone Y...

Idle, Seasonal, or Truly Surplus: Equipment Bone Yards are not Bank Accounts: Recently Loeb Appraisal has been fielding the following question as it pertains to equipment valuations: What, in the appraisers opinion, is truly surplus equipment versus idle or seasonally needed equipment?...

Loeb Term Solutions: Loeb Term Solutions Provides a Term Loan on Equipm...

Loeb Term Solutions Provides a Term Loan on Equipment Valued at over $1.5 Million to a Southwestern Commercial Bakery: Loeb Term Solutions recently provided an equipment term loan to a southwestern commercial bakery specializing in sweet and savory frozen bakery products. The company is looking to restructure their current financing and expand their operations to meet increasing demand. Loeb Term Solutions provided a term loan on the equipment valued at over $1.5 Million...

Chromcraft Revington, Inc. Residential & Institutional Furniture Mfg. Huge 2-Day Webcast Auction - Live Onsite & Online 6/18-19

Chromcraft Revington, Inc. Residential & Institutional Furniture Mfg. Huge 2-Day Webcast Auction - Live Onsite & Online 6/18-19: Huge 2-Day Auction of Machinery & Equipment Servicing the Commercial, Residential & Institutional Furniture Mfg. – Metal, Wood & Multi-Media Casual Dining Furniture, Chairs, Tables & Much More...

Monday, May 11, 2015

Loeb Winternitz Successfully Sells Matador Processors as a Complete Operation

Loeb Winternitz Successfully Sells Matador Processors as a Complete Operation: Loeb Winternitz Industrial Auctioneers is pleased to announce that the assets from Matador Processors USDA food processing and packaging facility has been sold as a complete operation. The new owners will take up operations in the Blanchard, Oklahoma facility within the next few weeks.

Wednesday, April 15, 2015

Loeb Term Solutions Welcomes Eric Grozenski to the Team as a Business Development Officer

Loeb Term Solutions Welcomes Eric Grozenski to the Team as a Business Development Officer: Loeb is pleased to announce the addition of Eric Grozenski to the Loeb Term Solutions team as its newest Business Development Officer. He joins Jim Newman, Managing Partner, and the rest of the team in focusing on expanding the financial arm's equipment-based lending portfolio...

Thursday, April 9, 2015

Tuesday, April 7, 2015