#United States #Chicago #Pinnacle Financial #Loeb Term Solutions #Pinnacle Bank

Loeb Term Solutions Enhances Financing Capacity

Loeb Term Solutions, LLC has recently announced a significant milestone in its financial journey by securing a $25 million senior secured revolving line of credit from Pinnacle Financial Partners. This new credit facility aims to bolster Loeb's ability to provide equipment financing to its clients, particularly manufacturers and firms that don't necessarily meet traditional banking credit standards.

Strengthening Financial Support for Clients

Established more than 140 years ago, Loeb specializes in covenant-free lending, which primarily assesses the value of a client's machinery and equipment rather than merely relying on the client's credit score. This approach sets Loeb apart in the competitive financial landscape, enabling it to cater to a unique segment of the market that often faces challenges in secure financing through conventional channels.

Eric Schwartz, president of Loeb, expressed enthusiasm about this partnership, stating, "A $25 million line from a bank as well-regarded as Pinnacle fuels our next stage of growth and allows us to provide quicker, more flexible financing options that our clients need."

This collaboration integrates the extensive experience that Loeb has with industrial asset valuation and lending with the robust resources provided by a reputable financial institution like Pinnacle Bank, also known as Synovus Bank. With this enhanced capital, Loeb aims to expand its services and assist businesses in obtaining the working capital required for their operations.

Pinnacle's Confidence in Loeb

Steven Safirstein, managing director at Pinnacle and head of asset-based lending, highlighted the bank's commitment to supporting well-managed specialty finance companies that serve the middle market. He noted the distinct approach Loeb has adopted in the equipment financing sphere, asserting, "This facility reflects our confidence in Loeb's platform and management team. We look forward to supporting their continued growth."

Rich History and Expert Services

Since its inception in 1880, Loeb has established itself as a leader in managing the equipment lifecycle, helping various manufacturers and financial institutions maximize their industrial assets. Loeb’s deep expertise allows for the monetization of these assets through financing, valuations, and auction services. By focusing on a client’s asset value, Loeb mitigates the traditional hurdles faced when securing financing and instead fosters a more supportive funding environment.

As they continue to grow, Loeb remains committed to ensuring that their clients have access to the capital necessary for success without the barriers often imposed by conventional lenders. Their recent partnership with Pinnacle Financial Partners reflects that commitment and provides an exciting opportunity for growth and customer support.

For more information about Loeb and their services, please visit loebequipment.com.

Pinnacle Financial Partners Overview

Pinnacle Financial Partners, with $129.1 billion in assets, offers a comprehensive suite of financial products and services tailored to both commercial and consumer clients. Following their merger with Synovus Financial Corp. in 2026, they have emerged as one of the largest banks in Tennessee and a key player in several other states including Georgia and North Carolina. They are consistently recognized as an employer of choice, being listed among the Fortune 100 Best Companies to Work For.

With the new resources from this partnership, both companies are poised to further enhance the financing landscape, providing greater access to capital for businesses looking to invest in essential equipment and machinery.