Loeb Provides $1.5 Million Loan to Arizona Woodworking Company
August 19, 2024
Source: Loeb
Loeb is excited to announce the successful funding of a $1.5 million loan to a woodworking client based in Arizona. This funding will enable the company to consolidate its existing debts and streamline its financial operations.
The client, who had multiple loans including a covenant-breached bank loan and smaller loans, needed to consolidate their debt for better financial efficiency. They turned to Loeb for our expertise and flexibility in providing tailored financial solutions.
Loeb showed its flexible capacity by extracting more working capital during the loan refinance process. The Loeb team even allowed for an increased loan size during underwriting due to the client’s request to add more equipment. This approach not only addressed the client’s immediate financial needs but also provided added resources to support their business operations.
The client was highly satisfied with the process, saying, “This has been a very efficient experience.”
“We are thrilled to support our client in their journey towards financial stability and growth,” said Howard Newman, President of Loeb. “Our ability to provide swift and flexible financial solutions is a testament to our commitment to our clients’ success.”
For more information about Loeb’s financial solutions and how we can support your business, please contact our sales team at sales@loebequipment.com.