In a tightening credit market, Loeb is providing a lifeline for businesses, offering quick, covenant-free term loans to companies that don’t meet traditional bank requirements. In Q3 2024, Loeb funded nearly $10 million in loans, empowering businesses across diverse industries with the working capital they need to thrive.
Danimer Scientific (DNMR) has announced an asset-based revolving credit and security agreement with Mountain Ridge Capital, providing the company with $20 million in borrowing capacity. The facility, secured primarily by accounts receivable and inventory, allows for increases in the commitment up to an additional $5 million. The agreement matures on April 19, 2027, and the loan proceeds will be used for general corporate purposes and working capital needs.
