Loeb Ensures Forward Momentum for a Transportation Mechanic Training Company With a $2 Million Loan

A long-standing Loeb client in the mechanic training space was seeking a loan renewal to support their ongoing growth trajectory. In 24 months, they had added over $500,000 in new equipment and needed to restate their note to secure new capital that would ensure continued growth.

Recognizing this critical need, Loeb was able to restate the note with extra collateral and close the restructuring process quickly. Within two weeks, Loeb closed with the client and secured a $2 million loan that included the new equipment. 

Both established and new clients can benefit from Loeb’s established expertise in many industries, including transportation. This loan allowed the client to seamlessly integrate their new equipment into the business while maintaining operational momentum to continue growing. 

About Loeb

For decades, Loeb has been helping manufacturers and financial institutions leverage their industrial assets through financing solutions, valuations, and auctions/liquidations to unlock top dollar from their existing M&E. Featuring funding in 4 weeks; no covenants; M&E value, not on credit quality; multiple financing options including term loans, equipment lines of credit, and leasebacks. Visit us at loebequipment.com.