A resident of Chicago, Illinois, Howard Newman serves as president of Loeb, a company specializing in industrial machinery and equipment. Under his leadership, Loeb offers asset-based lending, liquidations, and certified market appraisals. These services help businesses get value from their machinery. Howard Newman has made several contributions through this family company based in Chicago.
Mr. Newman has grown the company’s expertise in the food, pharmaceutical, cosmetic, and chemical industries. He has pioneered strategic target marketing for plant and machinery sales, boosting visibility and results. He has also mentored employees and fostered strong partnerships. As president of Loeb, he has overseen major deals, including funding $10 million in machinery and equipment term loans. The firm also gave a $6.8 million term loan to two companies (a commercial bakery and a specialty packaging firm).
Mr. Newman has written trade-related articles for his industry that have appeared in Global Cosmetics Manufacturing, Contract Packaging Magazine, Commercial Finance Association, and Food Processing Magazine, among others. He has also received an invitation from the Chicago Tribune to discuss equipment valuation and industrial asset management as an expert.
Outside of work, Howard Newman enjoys bicycle riding, canoeing, mountain climbing, and restoring old cars. He also travels, having visited all 50 states, as well as countries such as England, Sweden, and Mexico. Mr. Newman works with several organizations, including the Investment Recovery Association, the Entrepreneurial Organization Board, the Machinery Dealers National Association, and the YMCA South Side Chicago Board.