Maxim Commercial Capital announced it countered industry trends during the third quarter of 2025 by delivering essential hard asset secured financing to small and mid-sized businesses across the nation. Maxim is a national provider of loans and leases from $10,000 to $3 million collateralized by class 6 and 8 trucks, trailers, construction and agricultural heavy equipment, and real estate. The company fuels entrepreneurship by offering attractive financing rates and terms for underserved market segments, including startups and borrowers with challenged credit.
“It was a noteworthy quarter for our team,” noted Michael Kianmahd, Maxim’s CEO. “Despite the industry-wide slowdown in originations, we stayed on course to structure and fund deals during trying economic and market conditions. We were thrilled to welcome Lyndon Elam as Chief Operating Officer and continued to develop and roll out performance enhancing technology tools.”
Maxim experienced a good flow of applications for over-the-road (OTR) used truck and trailer financing during the period. While strong demand held used truck prices steady, many lenders retracted, leaving vendors and buyers scrambling for reliable financing. Funded deals during the period included a $45K 2020 Kenworth T680 with 528K miles for 26% down for a subprime startup owner operator with a 621 FICO; a $48K 2020 Kenworth T680 with 501K miles for 25% down for an experienced subprime owner operator with a 581 FICO; and a $23K 2020 Utility Dry Van for an existing customer with challenged credit for 25% down.
In addition to OTR trucks and trailers, Maxim is a leader in financing vocational trucks, such as tow trucks and dump trucks, and helping borrowers consolidate expensive MCA debt by lending against owned heavy equipment and real estate. As equipment leasing rates became more expensive during the period, Maxim received applications from borrowers with strong contracts seeking to purchase equipment.
Creatively structured deals during the third quarter include 60% purchase financing for a newer, rapidly growing construction company to buy a $40K 2025 Equipter RB4000 to improve efficiency on construction sites. Traditional lenders had turned down the business owner due to her 681 FICO, newly opened $60K auto loan, and $25K in student loan debt. Another startup entrepreneur with a business plan to haul construction material and a committed driver got the $106K 2020 Mack GRANITE 104BR Dump Truck she wanted for 34% down, despite her 541 FICO and discharged bankruptcy from 2018.
“One reason I was attracted to join Maxim is their creative, flexible approach to working with equipment vendors, finance brokers, and borrowers,” said Elam. “Our team takes the time to optimize financing structures, such as by asking about excess equipment or real estate collateral to improve advance rates or helping a borrower understand true affordability based on cash flow. This results in high approval to submission rates which is a key goal for all lenders.”