LOS ANGELES, CALIF. – Oct. 25, 2018 – Maxim Commercial Capital is pleased to announce it provided hard-asset secured financing to 228 small and mid-sized businesses (SMBs) during the third quarter of 2018, and to 781 SMBs year-to-date. Maxim lends $10,000 to $3,000,000 to SMBs secured by heavy equipment and real estate, and is a national leader in the owner-operator truck financing arena.
Transactions closed during the quarter included 100% purchase financing for used heavy equipment when borrowers pledged additional heavy equipment as collateral. Examples include a military veteran who successfully started his own business when Maxim provided 100% financing for his purchase of a dry van to fulfill a military contract to haul equipment. Another borrower expanded the capacity of his excavation company with the purchase of a used CAT 289C skid steer with 100% purchase financing from Maxim. Both borrowers pledged additional heavy equipment in lieu of down payments.
"Our hard asset-secured financing programs create opportunity for hundreds of business owners across the country every year,” said Michael Kianmahd, executive vice president at Maxim. “Upon receiving an application for financing, we value the underlying collateral while simultaneously asking key questions to determine the borrower’s cash available for a down payment and ability to pledge additional collateral to preserve cash flow. Many of these borrowers have been turned down by numerous banks, so they are surprised and pleased when we help them get a deal done.”
About Maxim Commercial Capital
Maxim Commercial Capital helps small and mid-sized business owners seize opportunity by providing financing in amounts up to $3,000,000 secured by heavy equipment and real estate. Maxim facilitates equipment purchases, provides working capital and refinances debt for companies across all industries located nationwide. Through Maxim’s tailored financing programs, businesses unlock capital tied up in underleveraged assets, often replacing expensive short-term debt and daily repayment working capital loans with longer term capital. As a leading provider of transportation equipment finance, Maxim funds up to 75% of the acquisition cost of class 8 and class 6 trucks, trailers and reefers for owner-operators and small businesses. Learn more at www.maximcc.com or by calling 877.776.2946.
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