Loeb

About Loeb

Loeb Equipment is a trusted, family-owned business based in Illinois, serving North America and global markets for over 100 years. They specialize in industrial machinery and equipment solutions, empowering businesses through financial and asset management services since 1880.

Products & Services

Equipment Financing & Asset-Based Lending:Offers flexible, covenant-free financing solutions including term loans ($1M to $40M), equipment lines of credit, and sale-leaseback options using machinery as collateral, with fast funding often within 4 weeks.

Machinery Auctions & Liquidation Services:Provides full-service auctions and liquidations for industrial equipment, helping businesses buy and sell surplus or idle assets with global reach and maximum return on investment.

Certified Machinery Appraisals:Delivers USPAP-compliant equipment appraisals based on real market data for financing, asset sales, insurance, and restructuring, trusted by banks and business owners.

Used Equipment Sales & Inventory Management:Maintains a large inventory of used industrial machinery for sale, facilitating quick transactions with expert support and logistics for buyers and sellers.

Specialties

Equipment Financing Asset-Based Lending Machinery Auctions Liquidation Services Certified Appraisals Used Equipment Sales Chemical Processing Pharmaceuticals Woodworking Metalworking CNC Machining Machine Tooling Food and Beverage Production Transportation

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Debt T: - FT: Debt	A: 10000000 MR: - FA: nearly $10mm FAN: 10000000	D: 2024-10-16 FD: 2024-10-16	-
2	RT: Term Loans T: - FT: Term Loans	A: 13800000 MR: - FA: 13.8 Million FAN: 13800000	D: 2024-01-25 FD: 2024-01-25	-
3	RT: Term Loans T: - FT: Term Loans	A: 6800000 MR: - FA: $6.8 million FAN: 6800000	D: 2023-01-26 FD: 2023-01-26	-

Debt Latest

2024-10-16

$10.0M

Term Loans 2024-01-25

$13.8M

Term Loans 2023-01-26

$6.8M

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

H

Howard Newman

President

J

Jim Newman

Ambassador

E

Eric Schwartz

Chief Information Officer

C

Carrie McEntire

Chief Financial Officer

S

Stan Czupryna

C

Carolyn McClure

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Recent News

Loeb Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised