Friday, November 16, 2018

The Role of Appraiser as Trusted Adviser

The Role of Appraiser as Trusted Adviser: How often are appraisals ordered simply because they are needed for the file? Of course, the client is going to qualify for financing regardless of the results of the appraisal...

Thursday, October 11, 2018

Loeb Term Solutions Success Story: Graduation of a Midwest Gear Manufacturer to Traditional Lending


Loeb Term Solutions Announces the Graduation to a Traditional Commercial Bank Loan of a Midwest Gear ManufacturerChicago-based lender, Loeb Term Solutions is pleased to announce the graduation of a Midwest Gear Manufacturer after having provided an equipment term loan back in early 2017 to help with the acquisition of the company. The company, a manufacturer of gears used in multiple industries including oil and gas and aerospace, sought equipment financing to leverage working capital....

Friday, October 5, 2018

Thursday, September 27, 2018

LTS Assists 6 More Clients Grow Their Businesses with Equipment Financing

Loeb Term Solutions is pleased to finance another $8.3 Million Dollars' worth of equipment while helping three industrial clients in the freight, textile, metalworking, personal care, and brewing industries leverage working capital from their equipment...

Tuesday, April 24, 2018

Loeb, Heritage Global Partners & Blackbird Asset Services Successfully Sell Green Flash’s Virginia Beach Brewing Equipment to New Realm Brewing Company


Loeb in partnership with Heritage Global Partners and Blackbird Asset Services recently announced the sale of Green Flash’s Virginia Beach brewing equipment to New Realm Brewing Company, a southeast based craft brewery.  

The partners were able to execute a comprehensive and targeted marketing strategy focused on the craft brew segment.  Interest was immediate, and dozens of inquiries were fielded and several inspections managed while entering into discussions with New Realm.  They also worked closely with the bank, landlord, and interested parties to resolve issues and negotiate a purchase agreement. 

“The considerable interest in newer, high-quality brewing equipment truly shows that the craft beer industry is alive and well,” stated Howard Newman, President of Loeb.  “We are thrilled that we were able to facilitate a sale that was in the best interest of both Green Flash and New Realm.”

Green Flash was founded in 2002 as a craft brewery and tasting room and has since grown into a nationally distributed brand.  The company will continue its production from their California and Nebraska facilities.  

New Realm was started in 2016 by co-founders Carey Falcone, Bob Powers and Mitch Steele, and opened its first production facility in a 20,000-square foot space on Atlanta’s east side Beltline trail. New Realm is currently exploring options for the location of the recently purchased equipment and a potential new taproom.

As experts in manufacturing equipment, the partners have conducted numerous auctions and liquidations for breweries such as: Coors, Molson, Pabst, Berghoff, and most recently Redhook.  

Thursday, April 12, 2018

LTS Assists 3 More Clients Grow Their Businesses


LTS Assists 3 More Clients Grow Their Businesses: Loeb Term Solutions is pleased to finance another $10 Million Dollars' worth of equipment while helping three industrial clients in the freight, energy, and contract packaging industries leverage working capital from their equipment!

Thursday, February 8, 2018

Loeb Term Solutions: LTS Assists 2 More Manufacturers Grow Their Busine...

LTS Assists 2 More Manufacturers Grow Their Businesses with Equipment Term Loans: Loeb Term Solutions is pleased to finance another $2.3 Million Dollars' worth of industrial machinery helping two manufacturers in the metalworking and precision machining industries leverage working capital from their equipment...

Wednesday, December 20, 2017

The State of the Evolving Manufacturing Sector

The State of the Evolving Manufacturing Sector: As a firm that actively engages in the buying, selling, auctioning, appraising and financing of used industrial assets, the questions we’re being asked the most these days are “what is the state of the manufacturing sector? What has been happening in the past quarter? What about the past year?”...

LTS is Helping Chicago's Junior Hockey Teams have a Better Experience

LTS is Helping Chicago's Junior Hockey Teams have a Better Experience: The teams are skating a lot smoother over at Johnny's Ice House thanks to their new Zamboni from Loeb Term Solutions...

Thursday, December 7, 2017

Loeb Welcomes Vince Andrews to the Team as Vice President, Equipment Division

Vince Andrews
Vince Andrews
Vice President Equipment Division
(773) 496-5725
vincea@loebequipment.com
Loeb is pleased to announce the addition of Vince Andrews to the team as the Vice President of Loeb's Equipment Division. Vince joins the organization to lead the day-to-day efforts of Loeb's Account Management and Inventory teams.

"My father, Jim, has known Vince since he first started in the contact packaging industry in 1995 and I have been watching him grow to run one of the largest contact packaging operations in the country. We are thrilled to have him join our team to take our Inventory division to the next level," stated Howard Newman, President of Loeb. "I look forward to working with Vince and watching him continue to grow our sales and inventory operations."

Vince brings over 20 years of experience in both brand and private label food processing and contract packaging in addition to having hands on equipment knowledge spanning from sourcing to modification for specific applications. He holds over 8 certifications across sanitary design, process design, and environmental impact that he will use to focus on transforming the production and automation needs of Loeb's customer base. Prior to joining Loeb, Vince most recently was the Director of Operations for a large contract packaging firm where he was responsible for complete process and production system design and installation.

Vince will be based out of Loeb's corporate headquarters in Chicago, Illinois and will be working with his teams to increase efficiencies in Loeb's equipment division and increase sales, purchases, rentals and leases.

For more information about Loeb, visit: www.loebequipment.com 

Thursday, November 30, 2017

LTS is Assisting Another Manufacturer Grow Their Business with a Flexible Equipment Term Loan

LTS is Assisting Another Manufacturer Grow Their Business with a Flexible Equipment Term Loan: Loeb Term Solutions is pleased to finance another $3.8 Million Dollars' worth of industrial machinery helping a manufacturer and distributor of utility, wireless, and structural towers and components leverage working capital from their equipment...

Thursday, September 28, 2017

Chicago P.D.'s Season Premier Was Filmed at Loeb!!

This summer the hit NBC show Chicago PD filmed on site in Loeb's Wabash Yard for their season premier.



In the episode titled "Reform" the squad teams up to bust a gun deal and just prior to the raid scene, we see the SWAT team assemble among machinery in Loeb's north Wabash yard.

Production crews spent the day at Loeb setting up lighting panels and camera rigs as well as filming at a neighborhood school.


This isn't the first time that Loeb has worked with television and film productions.  In 2008, Loeb made its feature film debut when several pieces of equipment were featured in in "The Dark Knight" as instruments in Morgan Freeman's (Lucious Fox) lab and just last year Loeb worked with both Chicago PD and Chicago Fire to provide machinery for staging in episodes.  



Audiences should keep an eye out next year to see more of our equipment featured in the John Goodman & Vera Farmiga film "Captive State.


Thursday, July 20, 2017

LTS Solves Growth Issues for 5 More Companies by Providing Equipment Financing Solutions

LTS Solves Growth Issues for 5 More Companies by Providing Equipment Financing Solutions: Loeb Term Solutions financed over $9 Million Dollars' worth of industrial machinery helping 5 companies within the metalworking, automotive machining, and food processing industries leverage working capital from their machinery and equipment...

Tuesday, July 18, 2017

Sold as a Going Concern: The Power of Auctioneer Agents to Facilitate Bulk Sales

Sold as a Going Concern: The Power of Auctioneer Agents to Facilitate Bulk Sales: Over the past several years, Loeb Winternitz Industrial Auctioneers has taken the lead in active negotiations to sell several facilities as a Going Concern, prior to auction...

Thursday, May 25, 2017

Assets from Harris Silver & Sons, Inc. Sold in Bulk

Assets from Harris Silver & Sons, Inc. Sold in Bulk: Loeb Winternitz Industrial Auctioneers Successfully Sells the Assets from an Illinois Scrap Processor to a Strategic Buyer...

Loeb Takes to TV Again in Chicago PD

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



Once again Loeb is making their mark on the small screen, this time in the season finale of of Chicago PD.  In the episode titled "Fork in the Road", the FBI is secretly operating out of an old candy factory where several pieces of machinery from Loeb's warehouse can be seen.

This isn't the first time that Loeb has worked with television and film crews to provide machinery for staging.  In 2008, several pieces of equipment were featured in Morgan Freeman's (Lucious Fox) lab in "The Dark Knight" and just last year several pieces were used for a scene in "Chicago Fire."  Audiences should keep an eye out next year to see one of our control panels in the John Goodman & Vera Farmiga film "Captive State."








Thursday, March 2, 2017

Loeb Term Solutions Partners to Close $2.5M Cross-Border Equipment Financing

Loeb Term Solutions Partners to Close $2.5M Cross-Border Equipment Financing: Loeb Term Solutions announces the successful closing of a cross-border, industrial equipment financing transaction for a manufacturing production line in Tijuana, Mexico.

Thursday, February 23, 2017

Paramount Machining Solutions Sold as Ongoing Concern

Paramount Machining Solutions Sold as Ongoing Concern: Loeb Winternitz Industrial Auctioneers and Yellen Partners Successfully Sell Assets from a Michigan CNC Precision Prototype Facility to a Strategic Buyer...

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...