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Maxim Commercial Capital Funded Nearly 300 Businesses in 2Q 2018

July 20, 2018, 07:05 AM

Maxim Commercial Capital announced it provided hard-asset secured financing to 293 small and mid-size businesses (SMBs) during the second quarter.

Second-quarter transactions included:

  • the seventh financing in five years for a tow truck company;
  • a $1.2 million growth capital financing secured by a condominium in New York City for a music and film licensing company;
  • truck financing for owner-operators across the nation, including startups; and
  • the third renewal on a $2.35 million second lien mortgage behind a $3.9 million first lien on a $12 million home in the Hollywood Hills, Calif.

“We were very happy with our loan volume growth and portfolio performance during the second quarter,” said Michael Kianmahd, executive vice president at Maxim. “Our hard asset-secured lending programs are increasingly popular as SMBs who fail to meet traditional lenders’ strict underwriting guidelines pursue growth opportunities.”

Throughout its 10-year history, Maxim has collaborated with premier commercial loan brokers throughout the nation to solve liquidity problems for SMBs.

Maxim lends SMBs $10,000 to $3,000,000 secured by heavy equipment and real estate and is a leader in the owner-operator truck financing arena.

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