Loeb Empowers an Electrical Contracting Company With a $3 Million Term Loan
August 9, 2024
Source: Loeb
A valued client in the electrical contracting industry recently turned to Loeb for help in refinancing their existing debt. The current owners, who bought the company two years ago, had accumulated multiple loans that needed to be combined into a single, manageable loan to ensure continued growth and financial stability.
Recognizing the urgency and complexity of the situation, Loeb partnered with an accounts receivable lender specializing in construction to create a highly desirable loan structure for their client.
Within a short time, Loeb successfully secured a $3 million loan for the client, consolidating their existing debts and streamlining their financial management. This strategic move not only simplified their financial operations but also positioned them for future growth.
Both new and established clients can benefit from Loeb’s expertise and commitment to providing tailored financial solutions. This loan allowed Loeb’s client to keep operational momentum and focus on expanding their business.
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