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Maxim Commercial Capital Funded 160 Businesses in 1Q 2019

April 10, 2019, 07:25 AM

Maxim Commercial Capital announced it provided hard-asset secured financing to 160 small and mid-sized businesses (SMBs) during the first quarter of 2019. Maxim lends $10,000 to $3 million to SMBs secured by heavy equipment and real estate, and is a national leader in the owner-operator truck financing arena.

Transactions funded by Maxim during the first quarter included working capital secured by heavy equipment for a Florida-based construction company with a new, large contract. A family-owned trucking company in California closed its second deal with Maxim, financing an equipment purchase and working capital with a loan secured by the new and previously owned equipment and a second lien on a private residence. Numerous owner-operators replaced their Class 8 trucks with newer, better-equipped units while others bought their first trucks with the help of Maxim’s financing.

“Our prospective borrowers often are frustrated because banks have turned them down due to a prior bankruptcy or lack of credit,” said Michael Kianmahd, Executive Vice President at Maxim. “By taking the time to learn about their goals, available collateral and projected cash flow, our team structures financing that works for everyone involved. It’s inspiring to hear how our capital is helping business owners across the U.S. achieve their dreams.”

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