Loeb secures $25M credit line to expand equipment lending
What's the deal? Loeb Term SolutionsDealroom has a profile for this one. Try Dealroom →, part of Loeb Equipment & AppraisalDealroom has a profile for this one. Try Dealroom →, has closed a $25 million senior secured revolving credit facility with Pinnacle Financial PartnersDealroom has a profile for this one. Try Dealroom → subsidiary Pinnacle BankDealroom has a profile for this one. Try Dealroom →, operating as Synovus BankDealroom has a profile for this one. Try Dealroom →. The debt expands Loeb's capacity to fund equipment term loans for manufacturers and businesses that fall outside traditional bank credit standards.
What's the endgame? Chicago-based Loeb specialises in covenant-free lending based on the value of a client's machinery and equipment rather than credit history alone. The new capital lets it fund faster, more flexible loans at greater scale, pairing its industrial asset valuation experience with the backing of a large lender.
Why now? Loeb has managed the equipment lifecycle since 1880, monetising industrial assets through financing, valuations, auctions, acquisitions, and sales. The facility gives it fresh capacity to keep serving clients who need working capital without conventional lending hurdles.
Who's backing it? Pinnacle is a $129.1 billion asset regional bank that joined forces with Synovus Financial Corp.Dealroom has a profile for this one. Try Dealroom → in 2026. Steven Safirstein, head of asset-based lending at Pinnacle, said the facility "reflects our confidence in Loeb's platform and management team and our commitment to supporting well-run specialty finance companies that serve the middle market."
What they're saying: "This is a milestone moment for Loeb. A $25 million line from a bank as well regarded as Pinnacle fuels our next stage of growth," said Eric Schwartz, president of Loeb. He added that it lets the firm get clients "the working capital they need without the hurdles traditional lending can put in their way."
The signal: The deal sits at the smaller end of the funding spectrum, but it points to steady bank appetite for specialty finance firms lending against hard industrial assets. For manufacturers shut out of conventional credit, asset-based lenders like Loeb remain a route to capital.
Image credit: Loeb Equipment & Appraisal
