Traditional lenders look at your credit score and financial statements. Asset-value lenders look at what your equipment is worth. If you own machinery, manufacturing equipment, vehicles, or industrial assets — that equity is your collateral, and your credit history is secondary or irrelevant. These programs are specifically designed for distressed borrowers, turnaround situations, DIP financing, and companies that have been turned down everywhere else.
ASSET-VALUE PRIMARYNO CREDIT CHECKDIP FINANCING
Loeb Equipment — Loeb Term Solutions
Park Ridge, IL · Family-owned since 1880 · 140+ years · Illinois-based
Products: Equipment Term Loans · Equipment Line of Credit (ELOC) · Sale Leaseback · DIP (Debtor-in-Possession) Financing
Industries: Food processing, pharmaceutical, chemical, cosmetics, manufacturing, industrial — all sectors with hard assets
Who qualifies: Companies in distressed situations, bankruptcy workouts, turnarounds. Credit history is irrelevant — asset value is primary. If you own the equipment, you likely qualify.
Broker program: Loeb never poaches. Relationship-driven. 143 years of experience appraising and financing industrial equipment. In-house appraisal services. California licensed.
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ASSET-VALUE PRIMARYDIP FINANCING
Industrial Funding Group — Tauber-Arons, Inc.
Sherman Oaks, CA · Division of Tauber-Arons · Founded Chicago 1892 · 4 generations
Amortization
48 months full
Prepayment
Favorable terms
Products: Equipment Term Loans · Bank takeouts/participation · DIP financing · Turnaround & restructuring · A/R client extra capital
Why unique: Division of Tauber-Arons — America's most established industrial auction company (1892). Deep expertise in real equipment values across all industrial sectors. If a loan goes sideways, they know exactly what equipment is worth on the open market.
Also offers: USPAP-compliant equipment appraisals · Industrial auctions · Liquidations · Finders fees up to 50% of net profits on referrals
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COLLATERAL-BASEDCREDIT-BASEDDIP FINANCING
Utica Leaseco / Utica Equipment Finance
Michigan + Connecticut · 50+ years · Two-tier lending structure
Utica Leaseco
$300K – $25M
Utica Equip Finance
$1M – $50M
Credit Req.
NOT required (Leaseco)
Industries
All industrial sectors
Two-tier structure: Utica Leaseco handles collateral-based deals where credit is insufficient. Utica Equipment Finance handles credit-based deals $1M–$50M.
Products: Capital leases · True/tax leases · Sale leaseback · Secured equipment loans · DIP financing
Industries: Manufacturing, transportation, construction, oil & gas, coal, mining, oilfield fabrication, shipbuilding. Has funded coal mines, ammunition manufacturers, van fleets, and more.
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ASSET-VALUE PRIMARYA/B PAPER
ELGA — Equipment Leasing Group of America
Northfield, IL · CEO Brian Trebels · Middle market specialist
Credit Tiers
A, B, Structured
Three programs: Ongoing CapEx funding ($500K–$50M+) · Large-ticket customer finance for equipment sellers ($1M+ transactions) · Turnaround & recovery financing for challenged credit
Unique: Collateral in lieu of cash down payment. Manual review on every deal. 40+ years industry experience. Chicago-area HQ — strong Midwest relationships.
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