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...

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...

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."

LTS Finances $7.7 Million Dollars' Worth of Equipment Providing Solutions to 5 More Companies

LTS Finances $7.7 Million Dollars' Worth of Equipment Providing Solutions to 5 More Companies

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.

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...

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...

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...

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...

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...

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....

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....

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...

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...

Loeb Term Solutions: LTS Funds Over $2.5 Million Dollars' Worth of Equi...

LTS Funds Over $2.5 Million Dollars' Worth of Equipment: Loeb is pleased to announce the addition of Joseph Upson to the team as the Southeast Region Business Development Officer. ...

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....

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...

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...

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...

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....

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...

Boboli Bakery Facility Online Only Auction - Lots begin closing online 4/21

Boboli Bakery Facility Online Only Auction - Lots begin closing online 4/21...: Auction of Bakery Processing & Packaging Equipment Surplus to the Ongoing Operations of Boboli...

Trans-Industries of Indiana, Inc. Online Only Auction - Lots begin closing online 3/23

Trans-Industries of Indiana, Inc. Online Only Auction - Lots begin closing online 3/23...: Manufacturer of Fabricated Metal Parts & Tubular Components Featuring: Stamping Presses, Tube Benders, Welders, CNC Lathe, Machine Tools, Material Handling, Vehicles, Etc...

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...

Loeb Welcomes Two New Members to the Team!

Loeb Term Solutions: Loeb Welcomes Two New Members to the Team!: Loeb is kicking off 2016 by welcoming two new additions...

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!!...

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. ...

Cosmolab Inc. Cosmetics Production Facility Online Only Auction - Lots begin closing online 2/17

Cosmolab Inc. Cosmetics Production Facility Online Only Auction - Lots begin closing online 2/17...: Preparation & Manufacturing Equipment Used in the Production of Color Cosmetics – Equipment As New As 2013!!!...

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...

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!!!...

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...

Mastercraft Furniture Refinishing & Upholstery Co., Inc. Online Only Auction - Lots begin closing online 1/19

Mastercraft Furniture Refinishing & Upholstery Co., Inc. Online Only Auction - Lots begin closing online 1/19: Woodworking Machinery & Equipment No Longer Needed in the Continuing Operations of Mastercraft Furniture Refinishing & Upholstery Co., Inc....

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...

Surplus Assets to the Lubrizol Corporation (Countryside, IL Facility) Online Only Auction - Lots begin closing online 12/9

Surplus Assets to the Lubrizol Corporation (Countryside, IL Facility) Online Only Auction - Lots begin closing online 12/9: Ink & Powder Processing & Packaging Equipment from the Closure of the Countryside, IL Facility...

Surplus Equipment to KLW Recycling, Inc. Online Only Auction - Lots begin closing online 11/17

Surplus Equipment to KLW Recycling, Inc. Online Only Auction - Lots begin closing online 11/17: 1-Day 2-Location Metal & Plastics Recycling Equipment & Rolling Stock – Equipment As New As 2014!!!...

Nobu Nutritional Baking Online Only Auction - Lots begin closing online 12/3

Nobu Nutritional Baking Online Only Auction - Lots begin closing online 12/3: High End Pet Food Baking - Ovens, Mixers, Stuffers and Cutters...

Surplus to the Continuing Operations of Scorpion Performance, Inc. Online Only Auction - Lots begin closing online 12/2

Surplus to the Continuing Operations of Scorpion Performance, Inc. Online Only Auction - Lots begin closing online 12/2: Late Model & Well Maintained High Precision CNC Machinery & Equipment: CNC Turning Centers, CNC Lathes, Bar Feeders, Robots, Machine Tools, Fork Lifts, Vehicles, Etc. – As New As 2008...

By Order of Secured Party, Middle Fork Development Services No. 2, LLC Online Only Auction - Lots being closing online 11/10

By Order of Secured Party, Middle Fork Development Services No. 2, LLC Online Only Auction - Lots being closing online 11/10: Heavy Construction, Off-Highway and Mining Equipment – As New As 2005!...

Ryder Integrated Logistics Surplus Assets from the Georgia Packaging Facility Webcast Auction - Live onsite and online 11/5

Ryder Integrated Logistics Surplus Assets from the Georgia Packaging Facility Webcast Auction - Live onsite and online 11/5: Amazing Collection of Packaging Equipment as Late as 2014! Baggers, Trays, Wrappers of ALL Kind!...

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...

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...

Speed & Flexibility: Large or Small, We Can Better Service Your Financing Needs

Loeb Term Solutions: Speed & Flexibility: Large or Small, We Can Better Service Your Financing Needs   We've Increased our lending amounts, we can finance in as little as 3-4 weeks, our due diligence is the lowest in the industry, and we've made pre-payment easier...

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...

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...

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....